Usio, Inc. — Director's Dealing 2015

Jan 2, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PAYMENT DATA SYSTEMS INC (PYDS)
CIK: 0001088034
Period of Report: 2014-12-23

Reporting Person: Frost Houston Korth (SVP, Corporate Development)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1800000	Direct
Common Stock	2200000	Direct

Footnotes

F1: To be vested in equal increments of 50,000 shares a month with the first 50,000 shares to vest January 31, 2015 and the last 50,000 to vest December 31, 2017.

F2: To be vested on January 31, 2025. Immediate vesting upon change of control or termination by employer without cause.