0001140361-11-022368.txt : 20110418 0001140361-11-022368.hdr.sgml : 20110418 20110418114418 ACCESSION NUMBER: 0001140361-11-022368 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110414 FILED AS OF DATE: 20110418 DATE AS OF CHANGE: 20110418 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: USA TECHNOLOGIES INC CENTRAL INDEX KEY: 0000896429 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] IRS NUMBER: 232679963 STATE OF INCORPORATION: PA FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 100 DEERFIELD LANE STREET 2: SUITE 140 CITY: MALVERN STATE: PA ZIP: 19355 BUSINESS PHONE: 6109890340 MAIL ADDRESS: STREET 1: 100 DEERFIELD LANE STREET 2: SUITE 140 CITY: MALVERN STATE: PA ZIP: 19355 FORMER COMPANY: FORMER CONFORMED NAME: USA ENTERTAINMENT CENTER INC DATE OF NAME CHANGE: 19931029 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HERBERT STEPHEN P CENTRAL INDEX KEY: 0001202182 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33365 FILM NUMBER: 11764832 MAIL ADDRESS: STREET 1: 20 BRIAR ROAD CITY: STRAFFORD STATE: PA ZIP: 19087 4 1 doc1.xml FORM 4 X0303 4 2011-04-14 0 0000896429 USA TECHNOLOGIES INC USAT 0001202182 HERBERT STEPHEN P 100 DEERFIELD LN SUITE 140 MALVERN X1 19355 1 1 0 0 COO & President Common Stock 2011-04-14 4 A 0 75000 0 A 192683 D Common Stock 32010 I By Child Common Stock 27440 I By Spouse Non-Qualified Stock Option (Right to Buy) 7.5 Common Stock 18000 18000 D The 75,000 shares were issued to Mr. Herbert by the Company as of 4/14/2011 and vest as follows: 25,000 on 4/14/11, 25,000 on 4/14/12, and 25,000 on 4/14/13. These shares were issued in connection with the execution of the First Amendment to Employment and Non-Competition Agreement dated April 14, 2011 between the Company and Mr. Herbert. The Options may be exercised at any time within 5 years of vesting. The options vested as follows: 6,000 on 5/11/06, 6,000 on 6/30/07, and 6,000 on 6/30/08. /s/ Stephen P. Herbert 2011-04-18