Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-20-015581
Date:2020-08-10
Issuer: USA TECHNOLOGIES INC (USAT)
Original Submission Date:

Reporting Person:

JACKSON ROGER WAYNE
100 DEERFIELD LANE
SUITE 300 MALVERN, PA 19355

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 7.1 2020-08-10 deemed execution date A 400,000 (a) 2027-08-10 common stock 400,000 $7.10 400,000 direct
Footnotes
IDfootnote
f1 the stock options are eligible to vest as follows: (i) 50% of the options are eligible to vest in 3 equal annual installments on the first 3 anniversaries of the grant date, and (ii) the remaining 50% of the options are eligible to vest in 3 equal installments on each of june 30, 2021, june 30, 2022, and june 30, 2023, subject to the achievement of certain performance goals, and in each case subject to mr. jackson's continued employment through the applicable vesting date and subject to accelerated vesting upon certain specified events.
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