DEMEDIO DAVID M 4
4 · USA TECHNOLOGIES INC · Filed Oct 26, 2011
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2011-10-17$1.20/sh−2,509$3,011→ 106,151 total
Holdings
- 4,666
Non-Qualified Stock Option (Right to Buy)
Exercise: $7.50→ Common Stock (4,666 underlying)
Footnotes (2)
- [F1]Represents a portion of the shares issued to Mr. DeMedio in connection with the execution of the Fourth Amendment to his Employment and Non-Competition Agreement dated April 14, 2011, that were cancelled in order to satisfy tax withholding obligations.
- [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.