Usio, Inc. — Director's Dealing 2006

Sep 20, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PAYMENT DATA SYSTEMS INC (PYDS)
CIK: 0001088034
Period of Report: 2006-09-18

Reporting Person: LONG MICHAEL R (Director, Chairman, CEO & CFO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-18	Common Stock	S	28500	$0.0963	Disposed	3196413	Direct

Footnotes

F1: This stock sale was effected pursuant to a 10(b)5-1 trading plan effective as of September 14, 2006.