DEMEDIO DAVID M 4
4 · USA TECHNOLOGIES INC · Filed Apr 18, 2011
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2011-04-14+25,000→ 83,660 total
Holdings
- 7,000
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (7,000 underlying)
Footnotes (2)
- [F1]The 25,000 shares were issued to Mr. DeMedio by the Company as of 4/14/2011 and vest as follows: 8,334 on 4/14/11, 8,333 on 4/14/12, and 8,333 on 4/14/13. These shares were issued in connection with the execution of the Fourth Amendment to Employment and Non-Competition Agreement dated April 14, 2011 between the Company and Mr. DeMedio.
- [F2]The Options are exercisable at any time within five years following the date of vesting. The Options vested as follows: 2,334 on 5/11/06, 2,333 on 6/30/07, and 2,333 on 6/30/08.