Home > Insider Trading > Filing (0001140361-11-016492)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
781891	Lml Payment Systems Inc	LMLP	Services-Business Services, Nec (7389)	980209289

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1205018	R Richard Schulz	Suite 1680 1140 W. Pender St. Vancouver A1 V6E4G1	Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common	Acquisiton	2011-03-10	7,650	$3.62	7,650	No	4	M	Direct
Common	Disposition	2011-03-10	7,650	$5.13	0	No	4	S	Direct
Common	Acquisiton	2011-03-11	17,350	$3.62	17,350	No	4	M	Direct
Common	Acquisiton	2011-03-11	23,250	$1.62	40,600	No	4	M	Direct
Common	Disposition	2011-03-11	40,600	$5.06	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common	Incentive Stock options (right to buy)	Disposition	2011-03-10	7,650	$3.62	7,650	$3.62
Common	Incentive Stock options (right ot buy)	Disposition	2011-03-11	17,350	$3.62	17,350	$3.62
Common	Incentive Stock Options (right to buy)	Disposition	2011-03-11	23,250	$1.62	23,250	$1.62

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
17,350	2006-08-30	2011-08-30	No	4	M	Direct
0	2006-08-30	2011-08-30	No	4	M	Direct
126,750	2010-08-18	2015-08-18	No	4	M	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common	Incentive Stock Options (right to buy)	$3.00	2008-03-31	2018-03-31	210,000	210,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-03-31	210,000	210,000	Direct

Footnotes

This option was exercised and the underlying securities were sold pursuant to a 10b5-1 trading plan entered into March 9, 2011.
The options are exercisable as to 37,500 options on August 18, 2010 and the remaining 112,500 options are exercisable as to an additional 18,750 options every six months thereafter.
The options are exercisable as to 70,000 options on March 31, 2008 and the remaining 140,000 options exercisable as to 70,000 options on each of March 31, 2009 and March 31, 2010.