Usio, Inc. — Director's Dealing 2017

Sep 12, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PAYMENT DATA SYSTEMS INC (PYDS)
CIK: 0001088034
Period of Report: 2017-09-01

Reporting Person: LANDERS VADEN CECIL (Chief Revenue Officer, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	1815152	Direct

Footnotes

F1: 300,000 of the shares of common stock were issued to the reporting person in connection with the entry into an employment agreement with the issuer. The 300,000 shares of common stock vest on 09/01/2027 or earlier upon a change of control or other events as specified in the employment agreement. The remaining 1,515,152 shares were issued to the reporting owner as a result of the sale of all membership rights in Singular Payments, LLC.