SEC Form 4 · accession 0001140361-15-035087
USA TECHNOLOGIES INC · USAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Duncan Smith
Officer — Chief Financial Officer
Period of report
Sep 14, 2015
Accepted (ET)
Sep 15, 2015 · 4:27 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 StockF1 | Sep 14, 2015 | P | 7,500 | $2.98 | A | 7,500 | I | By IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F2 | $3.38 | holding | — | — | — | — | Aug 1, 2022 | Common Stock | 90,000 | 90,000 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $2.86 to $3.04. The price set forth above reflects the weighted-average price per share. Mr. Smith 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.
- F2The options vest as follows: 30,000 on 8/1/16, 30,000 on 8/1/17, and 30,000 on 8/1/18.