Filing Details

Accession Number:
0001140361-17-043542
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-11-21 17:11:56
Reporting Period:
2017-11-17
Accepted Time:
2017-11-21 17:11:56
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
1244284 F Albin Moschner 1400 Gulf Shore Blvd. N Unit 206
Naples FL 34102
Yes No 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 Disposition 2017-11-17 20,000 $8.25 422,926 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
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 1,358 7,000 Direct
Common Stock Non-Qualified Stock Option (Right to Buy) $2.05 2021-06-18 20,000 20,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
1,358 7,000 Direct
2021-06-18 20,000 20,000 Indirect
Footnotes
  1. This transaction was executed in multiple trades at prices ranging from $8.05 to $8.35. The price set forth above reflects the weighted-average price per share. Mr. Moschner 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.
  2. As of June 30, 2017, 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.
  3. The options vested as follows: 6,667 on 6/18/15; 6,667 on 6/18/16; and 6,666 on 6/18/17.