DEMEDIO DAVID M 4
4 · USA TECHNOLOGIES INC · Filed Sep 28, 2011
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock
2011-09-27+25,000→ 108,660 total
Holdings
- 4,666
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (4,666 underlying)
Footnotes (2)
- [F1]The 25,000 shares were issued to Mr. DeMedio by the Company as of 9/27/2011 and vest as follows: 8,333 on 9/27/11, 8,333 on 9/27/12, and 8,334 on 9/27/13. These shares were issued in connection with the execution of the Sixth Amendment to Employment and Non-Competition Agreement dated September 27, 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: 2,333 on 6/30/07 and 2,333 on 6/30/08.