SEC Form 4 · accession 0001140361-18-033523
USA TECHNOLOGIES INC · USAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albin F Moschner
Director
Period of report
Apr 5, 2018
Accepted (ET)
Jul 25, 2018 · 5:39 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 | Apr 5, 2018 | A | 1,250 | $9.00 | A | 348,007 | D | |
| Common StockF2 | Jul 24, 2018 | A | 804 | $14.00 | A | 348,811 | D | |
| Common Stock | holding | — | — | — | 20,000 | I | By Moschner Family LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Convertible Preferred StockF3 | — | holding | — | — | — | — | — | Common Stock | 795 | 4,000 | D |
Explanation of responses
- F1Represents shares of common stock issued by the Company to Mr. Moschner for director fees attributable to the quarter ended March 31, 2018.
- F2Represents shares of common stock issued by the Company to Mr. Moschner for director fees attributable to the quarter ended June 30, 2018.
- F3As of May 1, 2018, each share of series A convertible preferred stock was convertible into 0.1988 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.