Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G/A
(Rule
13d-102)
INFORMATION TO BE
INCLUDED IN STATEMENTS FILED PURSUANT
TO
§240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO
FILED
PURSUANT TO
§240.13d-2
(AMENDMENT NO.
6)*
PAID,
INC.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
69561N402
(CUSIP
Number)
December 31,
2019
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this
Schedule is filed.
[ ]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[X]
Rule 13d-1(d)
*The
remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The
information required on the remainder of this cover page shall not
be deemed to be “filed” for the purpose of Section 18
of this Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No.
69561N402
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13G
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Page 2 of 7
Pages
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1.
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Names of Reporting
Person
Christopher J.
Coghlin
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2.
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Check the
Appropriate Box if a Member of a Group (See
Instructions)
(a) ☒
(b) ☐
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3.
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SEC Use
Only
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4.
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Citizenship of
Place of Organization
U.S.
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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5.
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Sole Voting
Power
27,428
|
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6.
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Shared Voting
Power
119,100
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7.
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Sole Dispositive
Power
27,428
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8.
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Shared Dispositive
Power
119,100
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9.
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Aggregate Amount
Beneficially Owned by each Reporting Person
146,528
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10.
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Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
☒
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11.
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Percent of Class
Represented by Amount in Row 9
9.07%
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12.
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Type of Reporting
Person (See Instructions)
IN
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CUSIP No.
69561N402
|
13G
|
Page 3 of 7
Pages
|
|
1.
|
Names of Reporting
Person.
Kimberly
Coghlin
|
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|
2.
|
Check the
Appropriate Box if a Member of a Group (See
Instructions)
(a) ☒
(b) ☐
|
||
|
3.
|
SEC Use
Only
|
||
|
4.
|
Citizenship of
Place of Organization
U.S.
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||
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
5.
|
Sole Voting
Power
3,690
|
|
|
6.
|
Shared Voting
Power
119,100
|
||
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7.
|
Sole Dispositive
Power
3,690
|
||
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8.
|
Shared Dispositive
Power
119,100
|
||
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9.
|
Aggregate Amount
Beneficially Owned by each Reporting Person
122,790
|
||
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10.
|
Check if the
Aggregate Amount in Row (9) Excludes Certain Shares
☐
|
||
|
11.
|
Percent of Class
Represented by Amount in Row 9
7.60%
|
||
|
12.
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Type of Reporting
Person (See Instructions)
IN
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Item 1(a)
Name of Issuer: Paid, Inc.
Item 1(b)
Address of Issuer’s Principal Executive
Offices: 225 Cedar Hill Stree, Marlborough, Massachusetts
01752
Item 2(a)
Name of Person Filing: (1) Christopher J. Coghlin (2)
Kimberly Coghlin
Item 2(b)
Address of Principal Business Office or, if
None, Residence: Both reporting persons may be contacted at
27 Otis Street, Westborough, MA 01581
Item 2(c)
Citizenship: (1) U.S. citizen (2) U.S.
citizen
Item 2(d)
Title of Class of Securities: Common
Stock.
Item 2(e)
CUSIP Number: 69561N402
Item 3.
If this statement is filed pursuant to
§§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the
person filing is a: Not applicable.
Item 4.
Ownership:
Provide
the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in
Item 1.
(a)
Amount beneficially
owned: (1) 146,528 shares
of common stock (reporting holder disclaims beneficial ownership of
shares held solely by spouse) (2) 122,790 (reporting holder
disclaims beneficial ownership of shares held solely by
spouse)
(b)
Percent of Class:
(1) 9.07% (2) 7.60%
(c)
Number of shares as
to which the person has:
(i)
sole power to vote
or to direct the vote: (1) 27,428; (2) 3,690
(ii)
shared power to
vote or to direct the vote: (1) 119,100; (2) 119,100
(iii)
sole power
to dispose or to direct the disposition of: (1) 27,428; (2)
3,690
(iv)
shared power to
dispose or to direct the disposition of: (1) 146,528; (2)
122,790
Item 5.
Ownership of Five Percent or Less of a
Class: Not applicable.
Item 6.
Ownership of more than Five Percent on Behalf
of Another Person: None
Item 7.
Identification and Classification of the
Subsidiary which Acquired the Security Being Reported on By the
Parent Holding Company or Control Person: Not
applicable.
Item 8.
Identification and Classification of Members of
the Group: Not applicable.
Item 9.
Notice of Dissolution of Group: Not
applicable.
Item 10.
Certifications: By signing below I
certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any
transaction having that purpose or effect, other than activities
solely in connection with a nomination under
§240.14a-11.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
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Dated:
January 15, 2020
/s/ Christopher J.
Coghlin
Christopher J.
Coghlin
Dated:
January 15, 2020
/s/ Kimberly
Coghlin
Kimberly
Coghlin
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Exhibit Index
Exhibit
1 Joint Filing Agreement