0001567619-20-011055.txt : 20200522
0001567619-20-011055.hdr.sgml : 20200522
20200522165306
ACCESSION NUMBER: 0001567619-20-011055
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200521
FILED AS OF DATE: 20200522
DATE AS OF CHANGE: 20200522
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Braunstein Douglas L
CENTRAL INDEX KEY: 0001495110
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33365
FILM NUMBER: 20906656
MAIL ADDRESS:
STREET 1: HUDSON EXECUTIVE CAPITAL LP
STREET 2: 570 LEXINGTON AVENUE, 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hudson Executive Capital LP
CENTRAL INDEX KEY: 0001652522
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33365
FILM NUMBER: 20906657
BUSINESS ADDRESS:
STREET 1: 570 LEXINGTON AVENUE, 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: (212) 521-8495
MAIL ADDRESS:
STREET 1: 570 LEXINGTON AVENUE, 35TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HEC Management GP LLC
CENTRAL INDEX KEY: 0001700567
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33365
FILM NUMBER: 20906658
BUSINESS ADDRESS:
STREET 1: 1185 AVENUE OF THE AMERICAS, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: (212) 521-8495
MAIL ADDRESS:
STREET 1: 1185 AVENUE OF THE AMERICAS, 32ND FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
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: 1231
BUSINESS ADDRESS:
STREET 1: 100 DEERFIELD LANE
STREET 2: SUITE 300
CITY: MALVERN
STATE: PA
ZIP: 19355
BUSINESS PHONE: 6109890340
MAIL ADDRESS:
STREET 1: 100 DEERFIELD LANE
STREET 2: SUITE 300
CITY: MALVERN
STATE: PA
ZIP: 19355
FORMER COMPANY:
FORMER CONFORMED NAME: USA ENTERTAINMENT CENTER INC
DATE OF NAME CHANGE: 19931029
4
1
doc1.xml
FORM 4
X0306
4
2020-05-21
0
0000896429
USA TECHNOLOGIES INC
USAT
0001495110
Braunstein Douglas L
570 LEXINGTON AVENUE, 35TH FLOOR
NEW YORK
NY
10022
1
0
1
0
0001652522
Hudson Executive Capital LP
570 LEXINGTON AVENUE, 35TH FLOOR
NEW YORK
NY
10022
0
0
1
0
0001700567
HEC Management GP LLC
570 LEXINGTON AVENUE, 35TH FLOOR
NEW YORK
NY
10022
0
0
1
0
Non-Qualified Stock Option (Right to Buy)
6.49
2020-05-21
4
A
0
120000
0
A
2027-05-06
Common Stock
120000
120000
D
The option grant was approved by the Issuer's Board of Directors on May 6, 2020, subject to shareholder approval of an amendment to the Issuer's 2018 Equity Incentive Plan, under which the options were granted. Such shareholder approval was obtained at the Company's Annual Meeting of Shareholders, held on May 21, 2020.
The options vest and become exercisable as follows: (i) ? of the options vest on the first anniversary of the date of grant subject to continued service, with accelerated prorated vesting upon a separation from service in accordance with the applicable award agreement, and (ii) the remaining ? of the options vest in equal quarterly installments on the three anniversaries following the initial vesting date subject to continued service.
These securities are directly owned by Douglas L. Braunstein. The other Reporting Persons included in this Form 4, Hudson Executive Capital LP, a Delaware limited partnership, and HEC Management GP LLC, a Delaware limited liability company, do not have beneficial ownership of such securities. Each of the Reporting Persons disclaims any beneficial ownership of any of the securities reported on this Form 4, except to the extent of any pecuniary interest therein.
DOUGLAS L. BRAUNSTEIN, /s/ Douglas L. Braunstein
2020-05-22
HUDSON EXECUTIVE CAPITAL LP, By: HEC Management GP LLC, its general partner, By: /s/ Douglas L. Braunstein, Name: Douglas L. Braunstein, Title: Managing Member
2020-05-22
HEC MANAGEMENT GP LLC, By: /s/ Douglas L. Braunstein, Name: Douglas L. Braunstein, Title: Managing Member
2020-05-22