SEC Form 4 · accession 0001140361-18-034181
USA TECHNOLOGIES INC · USAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Priyanka Singh
Officer — Chief Financial Officer
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 4:35 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 | Jul 26, 2018 | F | 1,139 | $9.75 | D | 16,651 | D | |
| Common StockF1 | Jul 26, 2018 | F | 1,843 | $14.00 | D | 14,808 | D |
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 | $5.25 | holding | — | — | — | — | Aug 16, 2024 | Common Stock | 25,000 | 25,000 | D |
| Non-Qualified Stock Option (Right to Buy)F3 | $4.00 | holding | — | — | — | — | Mar 31, 2024 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1Represents shares cancelled by Ms. Singh in order to satisfy tax withholding obligations in connection with prior stock awards that became vested and taxable.
- F2The stock options vest as follows: 8,334 on 8/16/2018, 8,333 on 8/16/2019, and 8,333 on 8/16/2020.
- F3The stock options vested on March 31, 2018.