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CANTALOUPE, INC. — Director's Dealing 2020
May 14, 2020
32434_dirs_2020-05-14_f883f720-3dfb-4bb1-b66a-2e951daf334a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: USA TECHNOLOGIES INC (USAT)
CIK: 0000896429
Period of Report: 2020-05-08
Reporting Person: FEENEY SEAN E (Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-08 | Non-Qualified Stock Option (Right to Buy) | $6.30 | A | 1000000 | Acquired | 2027-05-08 | Common Stock (1000000) | Direct |
Footnotes
F1: The options generally vest and become exercisable as follows: (i) 50% of the options are eligible to vest in four equal annual installments on the first four anniversaries of the grant date, (ii) 12.5% of the options are eligible to vest on June 30, 2021, and (iii) an additional 12.5% of the options are eligible to vest on each of June 30, 2022, June 30, 2023, and June 30, 2024, subject to the achievement of certain performance goals, subject in each case to the Reporting Person's continued service with the Issuer and subject to accelerated vesting upon certain specified events.