0001140361-12-042607.txt : 20121003
0001140361-12-042607.hdr.sgml : 20121003
20121003130628
ACCESSION NUMBER: 0001140361-12-042607
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121002
FILED AS OF DATE: 20121003
DATE AS OF CHANGE: 20121003
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: 121125951
MAIL ADDRESS:
STREET 1: 20 BRIAR ROAD
CITY: STRAFFORD
STATE: PA
ZIP: 19087
4
1
doc1.xml
FORM 4
X0306
4
2012-10-02
0
0000896429
USA TECHNOLOGIES INC
USAT
0001202182
HERBERT STEPHEN P
100 DEERFIELD LN
SUITE 140
MALVERN
X1
19355
1
1
0
0
CEO
Common Stock
2012-10-02
4
A
0
96201
0
D
381359
D
Common Stock
2012-10-02
4
A
0
71429
0
A
452788
D
Common Stock
32010
I
By Child
Common Stock
27440
I
By Spouse
Non-Qualified Stock Option (Right to Buy)
7.5
Common Stock
6000
6000
D
Represents shares earned by Mr. Herbert under the Fiscal Year 2012 Performance Share Plan.
Represents non-vested shares of common stock that were awarded to Mr. Herbert under the stock incentive plan of the Company. These shares would become vested upon the attainment of various closing prices for thirty consecutive trading days at any time prior to September 5, 2015. One-third of these shares would become vested if the closing price would be at least $2.00 per share, one-third of these shares would become vested if the closing price would be at least $2.25 per share, and one-third of these shares would become vested if the closing price would be at least $2.50 per share.
The options may be exercised at any time within 5 years of vesting. The options vested on 6/30/08.
/s/ Stephen P. Herbert
2012-10-03