USA TECHNOLOGIES INC 4
4 · USA TECHNOLOGIES INC · Filed Aug 4, 2009
Insider Transaction Report
Form 4
LURIO DOUGLAS M
Director
Transactions
- Exercise/Conversion
Common Stock
2009-07-31$2.00/sh+6,874$13,748→ 13,904 total - Exercise/Conversion
Subscription Rights (Right to Buy)
2009-07-31−6,874→ 0 totalExercise: $2.00From: 2009-07-13Exp: 2009-07-31→ Common Stock and Warrants (13,748 underlying) - Exercise/Conversion
Warrants
2009-07-31+6,874→ 6,874 totalExercise: $2.20From: 2010-01-01Exp: 2011-12-31→ Common Stock (6,874 underlying)
Holdings
- 12,000
Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (12,000 underlying)
Footnotes (4)
- [F1]Represents shares of common stock issued to Mr. Lurio upon exercise of his subscription rights which were issued by the Company pro-rata to all shareholders of record as of July 10, 2009.
- [F2]Each subscription right entitled the holder to subscribe for one share of common stock at the subscription price of $2.00 per share and to receive one warrant to purchase one additional share of common stock at $2.20 for a period of two years following January 1, 2010.
- [F3]Represents warrants issued to Mr. Lurio upon exercise of his subscription rights.
- [F4]The options granted vest as follows: 6,000 on 4/21/06, 3,000 on 4/1/07 and 3,000 on 4/1/08. The options are exercisable at any time within five years following the date of vesting.