USA TECHNOLOGIES INC 4
4 · USA TECHNOLOGIES INC · Filed Jul 5, 2011
Insider Transaction Report
Form 4
JENSEN GEORGE R JR
DirectorCEO
Transactions
- Other
Common Stock
2011-06-30+9,602→ 171,144 total - Gift
Common Stock
2011-06-30−60,716→ 161,542 total
Holdings
- 50,000
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (50,000 underlying) - 15,000
Warrants
Exercise: $2.20From: 2010-01-01Exp: 2011-12-31→ Common Stock (15,000 underlying) - 35,000
Series A Convertible Preferred Stock
From: 2008-10-10→ Common Stock - 2,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Represents 30,358 shares of common stock gifted to each of his sons, Ronald and Burton.
- [F2]Represents shares distributed to Mr. Jensen from the George R. Jensen, Jr. Grantor Retained Unitrust dated July 16, 2003 pursuant to the terms thereof. The distribution represents an exempt transaction that is solely a change in the form of ownership of the shares, and not an acquisition or sale of any shares for value.
- [F3]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.
- [F4]The options may be excercised at any time within five years of vesting. The options vested as follows: 25,000 on 6/30/07 and 25,000 on 6/30/08.