SEC Form 4 · accession 0001140361-15-024193

USA TECHNOLOGIES INC · USAT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jun 10, 2015

Accepted (ET)

Jun 12, 2015 · 6:21 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000896429

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jun 10, 2015	S	25,000	$3.08	D	456,814	D
Common Stock^F2	Jun 11, 2015	S	10,300	$3.03	D	446,514	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series A Convertible Preferred Stock^F3	—	holding	—	—	—	—	—	Common Stock	1,358	7,000	D
Non-Qualified Stock Option (Right to Buy)^F4	$2.05	holding	—	—	—	—	Jun 18, 2021	Common Stock	20,000	20,000	D

F1This transaction was executed in multiple trades at prices ranging from $3.04 to $3.13. The price set forth above reflects the weighted-average price per share. Mr. Moschner hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F2This transaction was executed in multiple trades at prices ranging from $3.03 to $3.04. The price set forth above reflects the weighted-average price per share. Mr. Moschner hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3As of April 4, 2014, each share of series A convertible preferred stock was convertible into 0.1940 of a share of common stock at the option of the holder and is subject to further adjustment as provided in the Articles of Incorporation. The shares do not have an expiration date.
F4The options vest as follows: 6,667 on 6/18/15; 6,667 on 6/18/16; and 6,666 on 6/18/17.