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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
896429	Usa Technologies Inc	USAT	Calculating & Accounting Machines (No Electronic Computers) (3578)	232679963

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1554542	Jr. J. William Reilly	1280 South Concord Road West Chester PA 19382		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-09-14	1,000	$4.91	84,197	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	100	Indirect	By Child

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series A Convertible Preferred Stock	$0.00			97	500	Direct
Common Stock	Non-Qualified Stock Option (Right to Buy)	$2.05		2021-06-18	20,000	20,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	97	500	Direct
2021-06-18	20,000	20,000	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $4.9006 to $4.939. The price set forth above reflects the weighted-average price per share. Mr. Reilly hereby undertakes to provide, upon request, to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
As of April 25, 2016, each share of series A convertible preferred stock was convertible into 0.1940 of a share of common stock at the option of the holder and is subject to further adjustment as provided in the Articles of Incorporation. The shares do not have an expiration date.
The options vested or vest as follows: 6,667 on 6/18/15; 6,667 on 6/18/16; and 6,666 on 6/18/17.