SEC Form 4 · accession 0001140361-16-060041
USA TECHNOLOGIES INC · USAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen P Herbert
Officer — CEO · Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 4:32 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 | Mar 31, 2016 | F | 24,254 | $4.40 | D | 281,544 | D | |
| Common Stock | holding | — | — | — | 62,010 | I | By Child | |
| Common Stock | holding | — | — | — | 27,440 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Qualified Stock Option (Right to Buy) | $3.38 | holding | — | — | — | Aug 1, 2016 | Aug 1, 2022 | Common Stock | 29,585 | 29,585 | D |
| Qualified Stock Option (Right to Buy) | $1.80 | holding | — | — | — | Sep 1, 2015 | Sep 1, 2021 | Common Stock | 55,555 | 55,555 | D |
| Non-Qualified Stock Option (Right to Buy)F2 | $1.80 | holding | — | — | — | — | Sep 1, 2021 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Represents shares cancelled in order to satisfy Federal income tax withholding obligations.
- F2The stock options vested or vest as follows: 50,000 on 9/1/2015; 50,000 on 9/1/2016; and 50,000 on 9/1/2017.