Value Microcaps Motherboard

[10 bagger]

PYDS.. $0.175.. In all my years trading I have never seen a seller that has capped a stock this long.. He will just not let the stock have a breath of fresh air.. hank


LONG MICHAEL R
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)
03/11/2013
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 03/11/2013 J 2,606,051 (1) D $ 0.18 33,572,194 D

Code V Amount (A) or (D) Price
Common Stock 03/11/2013 J 2,969,459 (1) D $ 0.18 31,759,169 D