SEC Form 4 · accession 0001140361-18-034185
USA TECHNOLOGIES INC · USAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Lawlor
Officer — Chief Services Officer
Period of report
Jul 26, 2018
Accepted (ET)
Jul 30, 2018 · 4:36 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 | 5,465 | $14.00 | D | 88,694 | D |
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)F2 | $2.94 | holding | — | — | — | — | Jan 12, 2023 | Common Stock | 75,000 | 75,000 | D |
| Qualified Stock Option (Right to Buy)F3 | $2.75 | holding | — | — | — | — | Apr 8, 2022 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Represents shares cancelled by Mr. Lawlor in order to satisfy tax withholding obligations in connection with prior stock awards that became vested and taxable.
- F2The options vested or vest as follows: one-third on 1/12/2017; one-third on 1/12/2018; and one-third on 1/12/2019.
- F3The options vested as follows: one-third on 4/8/2016; one-third on 4/8/2017; and one-third on 4/8/2018.