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