Initial and laser-irradiated poly(bis-alkylthioacetylene) (PATAC) samples were investigated by electron paramagnetic resonance (EPR) at X-band (9.6 GHz), Q-band (37 GHz), and D-band (140 GHz) in a wide temperature range. Two types of paramagnetic centers were proved to exist in lasermodified polymer, namely, localized and mobile polarons with the concentration ratio and susceptibility depending on the irradiation dose and temperature. Superslow torsion motion of the polymer chains was studied by the saturation transfer method at D-band EPR. Additional information on the polymer chain segment dynamics was obtained by the spin probe method at X-band EPR. Spin-spin and spin-lattice relaxation times were measured separately by the steady-state saturation method at D-band EPR. Intrachain and interchain spin diffusion coefficients and conductivity arising from the polaron dynamics were calculated. It was shown that the polaron dynamics in laser-modified polymer is affected by the spin-spin interaction. The interchain charge transfer is stimulated by torsion motion of the polymer chains, whereas the total conductivity of irradiated PATAC is determined mainly by the dynamics of diamagnetic charge carriers. Magnetic, relaxation and dynamics parameters of PATAC were also shown to change during polymer storage.