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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 GQ3CPM4EDF1ihCUgfb1tqRZPTkUnPO61ZaW57z7VB4S2OUWnRf22bXtWh3me/vaZ
 9Ee1jnGw/PQMTzmtY5/kxw==

<SEC-DOCUMENT>0001437749-11-001222.txt : 20110302
<SEC-HEADER>0001437749-11-001222.hdr.sgml : 20110302
<ACCEPTANCE-DATETIME>20110302161540
ACCESSION NUMBER:		0001437749-11-001222
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110228
FILED AS OF DATE:		20110302
DATE AS OF CHANGE:		20110302

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Jozoff Malcolm
		CENTRAL INDEX KEY:			0001388563

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33105
		FILM NUMBER:		11656470

	MAIL ADDRESS:	
		STREET 1:		7550 E REDFIELD RD
		STREET 2:		SUITE A
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85260

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			QUEPASA CORP
		CENTRAL INDEX KEY:			0001078099
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				860879433
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		324 DATURA STREET
		STREET 2:		SUITE 114
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401
		BUSINESS PHONE:		561-491-4181

	MAIL ADDRESS:	
		STREET 1:		324 DATURA STREET
		STREET 2:		SUITE 114
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUEPASA COM INC
		DATE OF NAME CHANGE:	19990310
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-02-28</periodOfReport>

    <issuer>
        <issuerCik>0001078099</issuerCik>
        <issuerName>QUEPASA CORP</issuerName>
        <issuerTradingSymbol>QPSA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388563</rptOwnerCik>
            <rptOwnerName>Jozoff Malcolm</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5200 E. SOLANO DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PARADISE VALLEY</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85253</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>8.71</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2011-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>21000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2021-02-28</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>21000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>21000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The securities were granted to the reporting person for service as a non-employee director and as a chairman of a board committee. The securities will vest over one year in four equal increments on each calendar quarter with the first vesting date being March 31, 2011, subject to continued service as a director or committee chairman on each applicable vesting date.</footnote>
        <footnote id="F2">Not applicable.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Malcolm Jozoff</signatureName>
        <signatureDate>2011-03-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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