USA TECHNOLOGIES INC 4
4 · USA TECHNOLOGIES INC · Filed Sep 28, 2011
Insider Transaction Report
Form 4
JENSEN GEORGE R JR
DirectorCEO
Transactions
- Award
Common Stock
2011-09-27+150,000→ 324,144 total
Holdings
- 2,000(indirect: By Spouse)
Common Stock
- 50,000
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (50,000 underlying) - 25,827(indirect: By Trust)
Common Stock
- 35,000
Series A Convertible Preferred Stock
From: 2008-10-10→ Common Stock - 15,000
Warrants
Exercise: $2.20From: 2010-01-01Exp: 2011-12-31→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]The 150,000 shares were issued to Mr. Jensen by the Company as of 9/27/2011 and vest as follows: 50,000 on 9/27/11, 50,000 on 9/27/12, and 50,000 on 9/27/13. These shares were issued in connection with the execution of the Amended & Restated Employment and Non-Competition Agreement dated September 27, 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 6/30/07 and 25,000 on 6/30/08.