<SEC-DOCUMENT>0000914121-19-001306.txt : 20190520
<SEC-HEADER>0000914121-19-001306.hdr.sgml : 20190520
<ACCEPTANCE-DATETIME>20190520160723
ACCESSION NUMBER:		0000914121-19-001306
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190520
DATE AS OF CHANGE:		20190520
GROUP MEMBERS:		DOUGLAS L. BRAUNSTEIN
GROUP MEMBERS:		HEC MANAGEMENT GP LLC

SUBJECT COMPANY:	

	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

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79579
		FILM NUMBER:		19838796

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hudson Executive Capital LP
		CENTRAL INDEX KEY:			0001652522
		IRS NUMBER:				472878186
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>he53708326-sc13d.htm
<DESCRIPTION>SCHEDULE 13D
<TEXT>
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    <div style="text-align: left; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">&#160;</div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">UNITED STATES</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Washington, D.C. 20549</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Under the Securities Exchange Act of 1934</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z2058e00f6eef4b3581d203de4138106f">

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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">USA Technologies, Inc.</font></div>
          </td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(Name of Issuer)</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Common Stock, no par value</font></div>
          </td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(Title of Class of Securities)</font></div>
          </td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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          <td style="width: 100%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">90328S500</font></div>
          </td>
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          <td style="width: 100%; vertical-align: top; background-color: #FFFFFF;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(CUSIP Number)</font></div>
          </td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Michael D. Pinnisi</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Hudson Executive Capital LP</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">570 Lexington Avenue, 35<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">New York, NY 10022</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(212) 521-8495</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">with a copy to:</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Richard M. Brand</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Cadwalader, Wickersham &amp; Taft LLP</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">200 Liberty Street</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">New York, NY 10281</font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(212) 504-6000&#160;</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zea902b63c5274f8e98558d7ed26ff5d1">

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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(Name, Address and Telephone Number of Person</font></div>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Authorized to Receive Notices and Communications)</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">May 8, 2019</font></div>
          </td>
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            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(Date of Event Which Requires Filing of This Statement)</font></div>
          </td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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    </table>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is
        filing this schedule because of <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#167;&#167;</font>240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <font style="font-size: 10pt; font-family:
          'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for
        other parties to whom copies are to be sent.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">* The remainder of this cover page shall be filled out for a reporting person<font style="font-size: 10pt; font-family: Arial, Helvetica,
          sans-serif; color: #000000;">&#8217;</font>s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The information required in the remainder of this cover page shall not be deemed to be <font style="font-size: 10pt; font-family: Arial,
          Helvetica, sans-serif; color: #000000;">&#8220;</font>filed<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#8221;</font> for the purpose of Section 18 of the Securities Exchange Act of 1934 (the <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#8220;</font>Act<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#8221;</font>) or otherwise subject to the liabilities of that
        section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z755f05e5263a43e488f46a0d5ce3adb3">

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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 2 of 7 Pages</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">1</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NAMES OF REPORTING PERSON<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>&#160;Hudson Executive Capital LP</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
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          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">2</font>&#160;</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(a) <font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="font-size: 10pt;
                  font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></font></div>
          </td>
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          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">3</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SEC USE ONLY&#160;</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">4</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOURCE OF FUNDS</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">OO</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">5</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>ITEMS 2(d) or 2(e)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">6</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CITIZENSHIP OR PLACE OF ORGANIZATION</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;&#160;</font>Delaware</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 15.7%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></div>
          </td>
          <td style="width: 4.94%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">7</font></div>
          </td>
          <td colspan="4" style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">8</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">9</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">10</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">11</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">12</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CERTAIN SHARES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">12%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(1)</font></sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">14</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">TYPE OF REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">PN, IA</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">_______________________________</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(1)</font></sup> Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA
        Technologies, Inc. (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Company</font>&#8221;), as reported in the Company&#8217;s prospectus filed pursuant to Rule 424(b)(4) on May 23, 2018. Such shares of common
        stock consist of 53,670,467 shares issued and outstanding as of May 1, 2018, an offering of 5,432,583 shares by the Company, and the exercise of the underwriter&#8217;s option to purchase an additional 897,866 shares.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z81788ba626c34dad82e073bca7ce3757">

        <tr>
          <td colspan="4" style="width: 39.3%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 3 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="4" style="width: 39.3%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">1</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NAMES OF REPORTING PERSON<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>&#160;HEC Management GP LLC</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">2</font>&#160;</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(a) <font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="font-size: 10pt;
                  font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">3</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SEC USE ONLY&#160;</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">4</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOURCE OF FUNDS</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">OO</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">5</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>ITEMS 2(d) or 2(e)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">6</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CITIZENSHIP OR PLACE OF ORGANIZATION</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;&#160;</font>Delaware</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 15.7%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></div>
          </td>
          <td style="width: 4.94%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">7</font></div>
          </td>
          <td colspan="4" style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">8</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">9</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">10</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">11</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">12</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CERTAIN SHARES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">12%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(2)</font></sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">14</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">TYPE OF REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">PN, IA</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">_______________________________</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(2)</font></sup> Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA
        Technologies, Inc. (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Company</font>&#8221;), as reported in the Company&#8217;s prospectus filed pursuant to Rule 424(b)(4) on May 23, 2018. Such shares of common
        stock consist of 53,670,467 shares issued and outstanding as of May 1, 2018, an offering of 5,432,583 shares by the Company, and the exercise of the underwriter&#8217;s option to purchase an additional 897,866 shares.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z2cfebc1b0bbf4be1b70235e51f54c55e">

        <tr>
          <td colspan="4" style="width: 39.3%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 2px double;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 4 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="4" style="width: 39.3%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td colspan="2" style="width: 43.64%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">1</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NAMES OF REPORTING PERSON<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>&#160;Douglas L. Braunstein</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">2</font>&#160;</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(a) <font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="font-size: 10pt;
                  font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">3</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SEC USE ONLY&#160;</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">4</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOURCE OF FUNDS</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">OO</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">5</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><br>
                </font>ITEMS 2(d) or 2(e)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">6</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CITIZENSHIP OR PLACE OF ORGANIZATION</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;&#160;</font>United States</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 15.7%; vertical-align: middle; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</font></div>
          </td>
          <td style="width: 4.94%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">7</font></div>
          </td>
          <td colspan="4" style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">8</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED VOTING POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">9</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SOLE DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;0</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.68%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">10</font></div>
          </td>
          <td colspan="4" style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">SHARED DISPOSITIVE POWER</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">11</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#160;</font>7,195,720</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">12</font></div>
          </td>
          <td colspan="5" style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">CERTAIN SHARES</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 13%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">12%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;"> (3)</font></sup></font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.02%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">14</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td colspan="6" style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">TYPE OF REPORTING PERSON</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">IN</font></div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">_______________________________</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(3)</font></sup> Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA
        Technologies, Inc. (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Company</font>&#8221;), as reported in the Company&#8217;s prospectus filed pursuant to Rule 424(b)(4) on May 23, 2018. Such shares of common
        stock consist of 53,670,467 shares issued and outstanding as of May 1, 2018, an offering of 5,432,583 shares by the Company, and the exercise of the underwriter&#8217;s option to purchase an additional 897,866 shares.</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="zf02cec3775f748548e3f77e5e84bdee7">

        <tr>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 5 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
          </td>
          <td style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
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    <div style="text-align: justify; clear: both;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 1. SECURITY AND ISSUER</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">This statement on Schedule 13D relates to the common stock, no par value (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica,
          sans-serif; font-weight: bold;">Shares</font>&#8221;), of USA Technologies, Inc., a company organized under the laws of the State of Pennsylvania (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Company</font>&#8221;).



        The principal executive offices of the Company are located at 100 Deerfield Lane, Suite 300, Malvern, Pennsylvania 19355.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The Reporting Persons (as defined below) beneficially own an aggregate of 7,195,720 Shares (the &#8220;<font style="font-size: 10pt; font-family:
          Arial, Helvetica, sans-serif; font-weight: bold;">Subject Shares</font>&#8221;). The Subject Shares represent approximately <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">12</font>% of the issued and
        outstanding Shares based on 60,000,916 outstanding Shares, as reported in the Company&#8217;s prospectus filed pursuant to Rule 424(b)(4) on May 23, 2018. Such Shares consist of 53,670,467 Shares issued and outstanding as of May 1, 2018, an offering of
        5,432,583 Shares by the Company, and the exercise of the underwriter&#8217;s option to purchase an additional 897,866 Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 2. IDENTITY AND BACKGROUND</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(a) This statement is being filed by Hudson Executive Capital LP, a Delaware limited partnership (&#8220;<font style="font-size: 10pt; font-family:
          Arial, Helvetica, sans-serif; font-weight: bold;">Hudson Executive</font>&#8221;), HEC Management GP LLC, a Delaware limited liability company (&#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Management GP</font>&#8221;),



        and Douglas L. Braunstein (together with Hudson Executive and Management GP, the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Reporting Persons</font>&#8221;).</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(b) The principal business address of the Reporting Persons is c/o Hudson Executive Capital LP, 570 Lexington Avenue, 35th Floor, New York, NY
        10022.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(c) Hudson Executive&#8217;s principal business is to serve as investment advisor to certain affiliated investment funds (the &#8220;<font style="font-size:
          10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">HEC Funds</font>&#8221;). Management GP&#8217;s principal business is to serve as the general partner of Hudson Executive. The principal occupation of Mr. Braunstein is to serve as the
        Managing Partner of Hudson Executive and the Managing Member of Management GP.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(d) None of the Reporting Persons, nor any of their officers or managing directors, have during the last five years been convicted in a criminal
        proceeding (excluding traffic violations or similar misdemeanors).</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(e) None of the Reporting Persons, nor any of their officers or managing directors, have during the last five years been a party to a civil
        proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or
        finding any violations with respect to such laws.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(f) Hudson Executive is a Delaware limited partnership. Management GP is a Delaware limited liability company. Mr. Braunstein is a citizen of the
        United States.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">As of the date hereof, the Reporting Persons are deemed to beneficially own the Subject Shares as detailed in Items 1 and 5. The aggregate purchase
        price for the Subject Shares is $39,331,542.64 <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">(inclusive of brokerage commissions and other costs of execution)</font>.</font></div>
    <div><br>
    </div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The source of funding for the transactions pursuant to which the Reporting Persons obtained beneficial ownership of the Subject Shares was derived
        from the respective capital of the HEC Funds.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 4. PURPOSE OF TRANSACTION</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The Reporting Persons acquired the Subject Shares in the belief that the Shares are undervalued and are an attractive investment.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Certain of the Reporting Persons have had and may continue to have discussions with the Company&#8217;s management and board of directors (the &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Board</font>&#8221;) to discuss the Company&#8217;s business, strategies and corporate governance. The Reporting Persons may seek to have additional conversations with the
        management, Board, and stockholders of the Company, and other persons</font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
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    </div>
    <div style="background-color: #FFFFFF;">
      <div><br>
      </div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 6 of 7 Pages</font></div>
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    <div style="clear: both;"><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">to discuss the Company&#8217;s business, strategies, corporate governance and other matters related to the Company.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The Reporting Persons intend to review their respective investment in the Company on a continuing basis. Depending on various factors,
        including, without limitation, the outcome of any discussions referenced above, the Company&#8217;s financial position and strategic direction, actions taken by the Board, price levels of the Shares, other investment opportunities available to the
        Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may from time to time and at any time in the future take such actions with respect to the investment in the Company as they
        deem appropriate, including: (i) acquiring additional Shares and/or other equity, debt, notes or other securities of the Company, or derivative or other instruments that are based upon or relate to the value of the Shares or the Company
        (collectively, &#8220;<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">Securities</font>&#8221;) in the open market or otherwise&#894; (ii) disposing of any or all of their Securities in the open market or otherwise&#894;
        (iii) engaging in any hedging or similar transactions with respect to the Securities&#894; or (iv) considering, proposing or otherwise engaging in one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;">ITEM 5. INTEREST IN SECURITIES OF THE ISSUER</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(a) and (b) Information about the number and percentage of Shares beneficially owned by the Reporting Persons is set forth in Item 1, and that
        information is incorporated by reference herein.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Hudson Executive, as the investment adviser to the HEC Funds, may be deemed to share power to vote or direct the vote of (and share power to
        dispose or direct the disposition of) the Subject Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Management GP, as the general partner of Hudson Executive may be deemed to share power to vote or direct the vote of (and share power to dispose
        or direct the disposition of) the Subject Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">By virtue of his role with respect to Hudson Executive and Management GP, Mr. Braunstein may be deemed to share power to vote or direct the vote
        of (and share power to dispose or direct the disposition of) the Subject Shares and, therefore, each of Mr. Braunstein, Management GP and Hudson Executive may be deemed to be a beneficial owner of the Subject Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(c) All transactions in the Shares effected during the past 60 days on behalf of an HEC Fund over which the Reporting Persons have investment
        discretion are set forth in Exhibit 2 attached hereto and incorporated herein by reference.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(d) The HEC Funds have the right to receive dividends from, and the proceeds from the sale of, the Subject Shares. No other person is known to
        the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Subject Shares.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(e) Not applicable.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">&#160;</font></div>
    <div style="background-color: #FFFFFF;">
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The Reporting Persons have no contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any
          securities of the Company.</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">ITEM 7. MATERIAL TO BE FILED AS EXHIBITS</font></div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">Exhibit 1</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">Joint Filing Agreement of the Reporting Persons</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">Exhibit 2</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">Schedule of transactions effected during the last 60 days</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">CUSIP No. 90328S500</font></div>
          </td>
          <td style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">Page 7 of 7 Pages</font></div>
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    <div style="text-align: center; clear: both;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;"> <br>
      </font></div>
    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">SIGNATURE</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: justify;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
        complete and correct.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Date: May 20, 2019</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">

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            <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">HUDSON EXECUTIVE CAPITAL LP</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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            <td valign="top" align="left" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 3%;" rowspan="1">By:&#160; <br>
            </td>
            <td valign="top" align="left" style="width: 35%;" rowspan="1"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">HEC Management GP, LLC, its general partner</font></td>
            <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
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            <td valign="top" align="left" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 3%;" rowspan="1">&#160;</td>
            <td valign="top" align="left" style="width: 35%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
          </tr>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">By: </div>
            </td>
            <td valign="top" align="left" style="width: 35%; border-bottom: #000000 2px solid;">/s/&#160; <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Douglas L. Braunstein</font></td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" align="left" style="width: 35%;">Name:&#160; <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Douglas L. Braunstein</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Title:&#160;&#160;&#160;&#160; M<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">anaging Member</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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      <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> <br>
      </font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font>
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            <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">HEC MANAGEMENT GP LLC</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">By: </div>
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            <td valign="top" align="left" style="width: 35%; border-bottom: #000000 2px solid;">/s/&#160; <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Douglas L. Braunstein</font></td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="bottom" align="left" style="width: 35%;">Name<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">: Douglas L. Braunstein</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">Title<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">:&#160;&#160;&#160; Managing Member</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 35%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
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          <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">DOUGLAS L. BRAUNSTEIN</font></td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">EXHIBIT 1</font></div>
    <div>&#160;</div>
    <div><br>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"><u>Joint Filing Agreement</u></font></font></div>
    <div><br>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The undersigned hereby agree to jointly prepare and file with regulatory authorities this Schedule 13D and any future amendments thereto reporting
        each of the undersigned&#8217;s ownership of securities of the Company named herein, and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the
        Securities Exchange Act of 1934. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be
        responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.</font></div>
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    <div> <br>
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    <div style="text-align: left;">
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Date: May 20, 2019</font></div>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">HUDSON EXECUTIVE CAPITAL LP</font></td>
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              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
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              <td valign="top" style="width: 3%;" rowspan="1">By:&#160; <br>
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              <td valign="top" align="left" style="width: 50%;" rowspan="1">&#160;</td>
              <td valign="top" style="width: 3%;" rowspan="1">&#160;</td>
              <td valign="top" align="left" style="width: 35%;" rowspan="1">&#160;</td>
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            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
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              <td valign="bottom" align="left" style="width: 35%;">Name:&#160; <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Douglas L. Braunstein</font></td>
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              <td valign="top" style="width: 50%;">&#160;</td>
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              <td valign="top" style="width: 35%;">Title:&#160;&#160;&#160;&#160; M<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">anaging Member</font></td>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
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        <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> <br>
        </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">HEC MANAGEMENT GP LLC</font></td>
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              <td valign="top" style="width: 50%;">&#160;</td>
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              <td valign="bottom" align="left" style="width: 35%;">Name<font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">: Douglas L. Braunstein</font></td>
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              <td valign="top" style="width: 50%;">&#160;</td>
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              <td valign="top" style="width: 35%;">&#160;</td>
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        <font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;"> </font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">&#160;</font></div>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 38%;" colspan="2"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">DOUGLAS L. BRAUNSTEIN</font></td>
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            <td valign="top" style="width: 50%;">&#160;</td>
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            <td valign="top" style="width: 12%;">&#160;</td>
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              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt;">By: </div>
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            <td valign="bottom" align="left" style="width: 35%;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Douglas L. Braunstein</font></td>
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; color: #000000;">EXHIBIT 2</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">The following table sets forth all transactions with respect to Shares effected in the last sixty days by the Reporting Persons or on behalf of the
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    <div style="text-align: center;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; font-weight: bold; font-style: italic;">USA Technologies, Inc.</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$4.22</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/22/2019</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$4.07</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/23/2019</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(2,012)</font></div>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.99</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/24/2019</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(1,217)</font></div>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.84</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/25/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(2,626)</font></div>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.80</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/26/2019</font></div>
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          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(3,077)</font></div>
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            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.82</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">4/29/2019</font></div>
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          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.81</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/2/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(2,045)</font></div>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.76</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/3/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
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          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.72</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/7/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(4,548)</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.57</font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/8/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Put Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">39,989</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$3.82</font></div>
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            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/8/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Common Stock</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">2,644,296</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$5.69<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/9/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Common Stock</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">227,584</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$5.67<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(3)</sup></font></div>
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          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/10/2019</font></div>
          </td>
          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Common Stock</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">40,000</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$5.80</font></div>
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        </tr>
        <tr>
          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/13/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Common Stock</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">85,000</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$5.72</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/16/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Buy</font></div>
          </td>
          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Common Stock</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">1,250,000</font></div>
          </td>
          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">$5.75</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.11%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">5/16/2019</font></div>
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          <td style="width: 1.16%; vertical-align: top;">&#160;</td>
          <td style="width: 19.1%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">Sell</font></div>
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          <td style="width: 1.1%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">European Call Options</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.12%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">(12,500)</font></div>
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          <td style="width: 1.12%; vertical-align: top;">&#160;</td>
          <td style="width: 19.06%; vertical-align: bottom;">
            <div style="text-align: right;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif; color: #000000;">$0.28</font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(1) Excludes brokerage commissions and other costs of execution.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(2) The price reported is a weighted average price. These Shares were bought in transactions through a broker-dealer at prices ranging from $5.69
        to $5.72, inclusive. Hudson Executive and the other Reporting Persons undertake to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number
        of Shares sold at each separate price within the range set forth in this footnote 2.</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: Arial, Helvetica, sans-serif;">(3) The price reported is a weighted average price. These Shares were bought in transactions through a broker-dealer at prices ranging from $5.63
        to $5.65, inclusive. Hudson Executive and the other Reporting Persons undertake to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number
        of Shares sold at each separate price within the range set forth in this footnote 3.</font></div>
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