USA TECHNOLOGIES INC 4
4 · USA TECHNOLOGIES INC · Filed Sep 14, 2016
Insider Transaction Report
Form 4
Reilly William J. Jr.
Director
Transactions
- Purchase
Common Stock
2016-09-14$4.91/sh+1,000$4,910→ 84,197 total
Holdings
- 500
Series A Convertible Preferred Stock
→ Common Stock (97 underlying) - 100(indirect: By Children)
Common Stock
- 20,000
Non-Qualified Stock Option (Right to Buy)
Exercise: $2.05Exp: 2021-06-18→ Common Stock (20,000 underlying)
Footnotes (3)
- [F1]This transaction was executed in multiple trades at prices ranging from $4.9006 to $4.939. The price set forth above reflects the weighted-average price per share. Mr. Reilly hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- [F2]As of April 25, 2016, each share of series A convertible preferred stock was convertible into 0.1940 of a share of common stock at the option of the holder and is subject to further adjustment as provided in the Articles of Incorporation. The shares do not have an expiration date.
- [F3]The options vested or vest as follows: 6,667 on 6/18/15; 6,667 on 6/18/16; and 6,666 on 6/18/17.