4//SEC Filing
USA TECHNOLOGIES INC 4
Accession 0001140361-11-022366
$CTLPCIK 0000896429operating
Filed
Apr 17, 8:00 PM ET
Accepted
Apr 18, 11:43 AM ET
Size
10.4 KB
Accession
0001140361-11-022366
Insider Transaction Report
Form 4
JENSEN GEORGE R JR
DirectorCEO
Transactions
- Award
Common Stock
2011-04-14+125,000→ 222,258 total
Holdings
- 35,000
Series A Convertible Preferred Stock
From: 2008-10-10→ Common Stock - 35,429(indirect: By Trust)
Common Stock
- 75,000
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (75,000 underlying) - 2,000(indirect: By Spouse)
Common Stock
- 15,000
Warrants
Exercise: $2.20From: 2010-01-01Exp: 2011-12-31→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]The 125,000 shares were issued to Mr. Jensen by the Company as of 4/14/2011 and vest as follows: 41,666 on 4/14/11, 41,667 on 4/14/12, and 41,667 on 4/14/13. These shares were issued in connection with the execution of the First Amendment to Employment and Non-Competition Agreement dated April 14, 2011 between the Company and Mr. Jensen.
- [F2]Each share of Series A Convertible Preferred Stock is convertible into a hundredth of a share of Common Stock, and does not have an expiration date.
- [F3]The options may be excercised at any time within five years of vesting. The options vested as follows: 25,000 on 5/11/06, 25,000 on 6/30/07 and 25,000 on 6/30/08.
Documents
Issuer
USA TECHNOLOGIES INC
CIK 0000896429
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0000896429
Filing Metadata
- Form type
- 4
- Filed
- Apr 17, 8:00 PM ET
- Accepted
- Apr 18, 11:43 AM ET
- Size
- 10.4 KB