Baird Lisa P. 4
4 · USA TECHNOLOGIES INC · Filed May 22, 2020
Insider Transaction Report
Form 4
Baird Lisa P.
Director
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2020-05-21+120,000→ 120,000 totalExercise: $6.49Exp: 2027-05-06→ Common Stock (120,000 underlying)
Footnotes (2)
- [F1]The option grant was approved by the Issuer's Board of Directors on May 6, 2020, subject to shareholder approval of an amendment to the Issuer's 2018 Equity Incentive Plan, under which the options were granted. Such shareholder approval was obtained at the Company's Annual Meeting of Shareholders, held on May 21, 2020.
- [F2]The options vest and become exercisable as follows: (i) ? of the options vest on the first anniversary of the date of grant subject to continued service, with accelerated prorated vesting upon a separation from service in accordance with the applicable award agreement, and (ii) the remaining ? of the options vest in equal quarterly installments on the three anniversaries following the initial vesting date subject to continued service.