PYDS.. $0.175.. This inider seems to have put a cap on this stock.. Ne sells and sells and sells.. I sold some more today.. hankhank
HOCH LOUIS A
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(Last) (First) (Middle)
12500 SAN PEDRO, SUITE 120
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(Street)SAN ANTONIO TX 78216
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PAYMENT DATA SYSTEMS INC [PYDS] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)X Director X 10% Owner
X Officer (give title below) Other (specify below)
President and COO
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2013 S 5,000 (1) D $ 0.18 36,188,980 D
Common Stock 03/04/2013 S 135 (1) D $ 0.175 36,188,845 D
Common Stock 03/05/2013 S 5,000 (1) D $ 0.175 36,183,845 D
Common Stock 03/07/2013 S 4,600 (1) D $ 0.175 36,179,245 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date
(Month/Day/Year) 7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This stock sale was effected pursuant to a 10(b)5-1 trading plan effective August 21, 2012
Louis Hoch
AI
