FEENEY SEAN E 4
4 · USA TECHNOLOGIES INC · Filed May 14, 2020
Insider Transaction Report
Form 4
FEENEY SEAN E
Chief Executive Officer
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2020-05-08+1,000,000→ 1,000,000 totalExercise: $6.30Exp: 2027-05-08→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]The options generally vest and become exercisable as follows: (i) 50% of the options are eligible to vest in four equal annual installments on the first four anniversaries of the grant date, (ii) 12.5% of the options are eligible to vest on June 30, 2021, and (iii) an additional 12.5% of the options are eligible to vest on each of June 30, 2022, June 30, 2023, and June 30, 2024, subject to the achievement of certain performance goals, subject in each case to the Reporting Person's continued service with the Issuer and subject to accelerated vesting upon certain specified events.