Filing Details

Accession Number:
0001140361-10-014427
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-03-31 13:00:00
Reporting Period:
2010-03-31
Filing Date:
2010-03-31
Accepted Time:
2010-03-31 15:26:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
896429 Usa Technologies Inc USAT Calculating & Accounting Machines (No Electronic Computers) (3578) 232679963
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1202180 Jr R George Jensen 100 Deerfield Ln
Suite 140
Malvern X1 19355
Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2010-03-31 1,000 $1.12 68,302 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 35,429 Indirect By Trust
Common Stock 2,000 Indirect By Spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series A Convertible Preferred Stock $0.00 2008-10-10 0 65,000 Direct
Common Stock Warrants $2.20 2010-01-01 2011-12-31 15,000 15,000 Direct
Common Stock Non-Qualified Stock Option (Right to Buy) $7.50 75,000 75,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
0 65,000 Direct
2011-12-31 15,000 15,000 Direct
75,000 75,000 Direct
Footnotes
  1. Each share of Series A Convertible Preferred Stock is convertible into a hundredth of a share of Common Stock, and does not have an expiration date.
  2. The options may be excercised at any time within five years of vesting. The options vested as follows: 25,000 on 5/11/06, 25,000 on 6/30/07 and 25,000 on 6/30/08.