<SEC-DOCUMENT>0000914121-19-002102.txt : 20190805
<SEC-HEADER>0000914121-19-002102.hdr.sgml : 20190805
<ACCEPTANCE-DATETIME>20190805171755
ACCESSION NUMBER:		0000914121-19-002102
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190805
DATE AS OF CHANGE:		20190805
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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79579
		FILM NUMBER:		19999590

	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/A

	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/A
<SEQUENCE>1
<FILENAME>he53974891-sc13da.htm
<DESCRIPTION>SCHEDULE 13D AMENDMENT NO. 1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Cadwalader
         Document created using EDGARfilings PROfile 6.0.0.0
         Copyright 1995 - 2019 Broadridge -->
  </head>
<body text="#000000" bgcolor="#ffffff" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">
  <div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">UNITED STATES</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">Washington, D.C. 20549</font></div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">&#160;<font style="font-weight: bold; color: #000000;">Under the Securities Exchange Act of 1934</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center;"><font style="font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">(Amendment No. 1)</font><font style="font-weight: bold; color: #000000;"><br>
      </font></div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z2058e00f6eef4b3581d203de4138106f" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

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

    </table>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif'; font-size: 9pt;">Michael D. Pinnisi</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Hudson Executive Capital LP</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; 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</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">New York, NY 10022</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">(212) 521-8495</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">with a copy to:</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Richard M. Brand</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">Cadwalader, Wickersham &amp; Taft LLP</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">200 Liberty Street</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';">New York, NY 10281</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: center; font-family: Georgia,serif;"><font style="font-family: Arial,Helvetica,'sans-serif';">(212) 504-6000</font>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zea902b63c5274f8e98558d7ed26ff5d1" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE; border-top: #000000 1px solid;">
            <div style="text-align: center;">(Name, Address and Telephone Number of Person</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE;">
            <div style="text-align: center;">Authorized to Receive Notices and Communications)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE; border-bottom: #000000 1px solid;">
            <div style="text-align: center;"><font style="font-weight: bold; color: #000000;">August 1, 2019</font></div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE;">
            <div style="text-align: center;">(Date of Event Which Requires Filing of This Statement)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: middle; background-color: #FEFEFE;">
            <div style="text-align: left;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="text-align: left; 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="color: #000000;">&#167;&#167;</font>240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. <font style="color: rgb(0, 0, 0);">&#9744;</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; 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.</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">* The remainder of this cover page shall be filled out for a reporting person<font style="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;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: justify; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">The information required in the remainder of this cover page shall not be deemed to be <font style="color: #000000;">&#8220;</font>filed<font style="color: #000000;">&#8221;</font> for the
      purpose of Section 18 of the Securities Exchange Act of 1934 (the <font style="color: #000000;">&#8220;</font>Act<font style="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).</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <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;">&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z755f05e5263a43e488f46a0d5ce3adb3" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;"><font style="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-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: right;"><font style="font-weight: bold; color: #000000;">Page 2 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">1</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;NAMES OF REPORTING PERSON<br>
              &#160;Hudson Executive Capital LP</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;">&#160;</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-weight: bold; color: #000000;">2</font>&#160;</div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</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;">(a) <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="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-weight: bold; color: #000000;">3</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SEC USE ONLY&#160;</div>
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">4</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SOURCE OF FUNDS</div>
            <div style="text-align: left;">&#160;OO</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-weight: bold; color: #000000;">5</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<br>
              &#160;ITEMS 2(d) or 2(e)</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">6</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font>Delaware</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;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td 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;" rowspan="4" colspan="2">
            <div style="text-align: left;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</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-weight: bold; color: #000000;">7</font></div>
          </td>
          <td style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE VOTING POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">8</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED VOTING POWER</div>
            <div style="text-align: left;">&#160;8,195,972</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-weight: bold; color: #000000;">9</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE DISPOSITIVE POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">10</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED DISPOSITIVE POWER</div>
            <div style="text-align: left;">&#160;8,195,972</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-weight: bold; color: #000000;">11</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: left;">&#160;8,195,972</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-weight: bold; color: #000000;">12</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</div>
            <div style="text-align: left;">&#160;CERTAIN SHARES</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: left;">&#160;13.7%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(1)</font></sup></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-weight: bold;">14</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;TYPE OF REPORTING PERSON</div>
            <div style="text-align: left;">&#160;PN, IA</div>
          </td>
        </tr>

    </table>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">_______________________________</div>
    <div style="font-family: Arial, Helvetica, 'sans-serif'; text-align: left;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(1)</font></sup>&#160; Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA Technologies, Inc. (the &#8220;<font style="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.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <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" id="z81788ba626c34dad82e073bca7ce3757" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;"><font style="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-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: right;"><font style="font-weight: bold; color: #000000;">Page 3 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">1</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;NAMES OF REPORTING PERSON<br>
              &#160;HEC Management GP LLC</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;">&#160;</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-weight: bold; color: #000000;">2</font>&#160;</div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</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;">(a) <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="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-weight: bold; color: #000000;">3</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SEC USE ONLY&#160;</div>
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">4</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SOURCE OF FUNDS</div>
            <div style="text-align: left;">&#160;OO</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-weight: bold; color: #000000;">5</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<br>
              &#160;ITEMS 2(d) or 2(e)</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">6</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font>Delaware</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;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td 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;" rowspan="4" colspan="2">
            <div style="text-align: left;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</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-weight: bold; color: #000000;">7</font></div>
          </td>
          <td style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE VOTING POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">8</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED VOTING POWER</div>
            <div style="text-align: left;">&#160;8,195,972</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-weight: bold; color: #000000;">9</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE DISPOSITIVE POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">10</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED DISPOSITIVE POWER</div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font>8,195,972</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-weight: bold; color: #000000;">11</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: left;"><font style="color: #000000;">&#160;</font>8,195,972</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-weight: bold; color: #000000;">12</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</div>
            <div style="text-align: left;">&#160;CERTAIN SHARES</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: left;">&#160;13.7%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;">(2)</font></sup></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-weight: bold;">14</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;TYPE OF REPORTING PERSON</div>
            <div style="text-align: left;">&#160;PN, IA</div>
          </td>
        </tr>

    </table>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">_______________________________</div>
    <div style="text-align: left; 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>&#160; Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA Technologies, Inc. (the &#8220;<font style="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.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <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" id="z2cfebc1b0bbf4be1b70235e51f54c55e" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;"><font style="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-weight: bold; color: #000000;">SCHEDULE 13D</font></div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: right;"><font style="font-weight: bold; color: #000000;">Page 4 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td 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;" colspan="4">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="width: 17.07%; vertical-align: top; background-color: #FFFFFF; border-bottom: #000000 1px solid;">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td 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;" colspan="2">
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">1</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;NAMES OF REPORTING PERSON<br>
              &#160;Douglas L. Braunstein</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;">&#160;</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-weight: bold; color: #000000;">2</font>&#160;</div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-left: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</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;">(a) <font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font>(b) <font style="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-weight: bold; color: #000000;">3</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SEC USE ONLY&#160;</div>
            <div style="text-align: left;">&#160;</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-weight: bold; color: #000000;">4</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;SOURCE OF FUNDS</div>
            <div style="text-align: left;">&#160;OO</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-weight: bold; color: #000000;">5</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO<br>
              &#160;ITEMS 2(d) or 2(e)</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">6</font></div>
          </td>
          <td 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;" colspan="5">
            <div style="text-align: left;">&#160;CITIZENSHIP OR PLACE OF ORGANIZATION</div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font>United States</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;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td 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;" rowspan="4" colspan="2">
            <div style="text-align: left;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</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-weight: bold; color: #000000;">7</font></div>
          </td>
          <td style="width: 79.36%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE VOTING POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">8</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED VOTING POWER</div>
            <div style="text-align: left;">&#160;8,195,972</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-weight: bold; color: #000000;">9</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SOLE DISPOSITIVE POWER</div>
            <div style="text-align: left;">&#160;0</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-weight: bold; color: #000000;">10</font></div>
          </td>
          <td style="width: 71.3%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="4">
            <div style="text-align: left;">&#160;SHARED DISPOSITIVE POWER</div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font>8,195,972</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-weight: bold; color: #000000;">11</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
            <div style="text-align: left;"><font style="color: #000000;">&#160;</font>8,195,972</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-weight: bold; color: #000000;">12</font></div>
          </td>
          <td style="width: 80.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid; border-bottom: #000000 1px solid;" colspan="5">
            <div style="text-align: left;">&#160;CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES</div>
            <div style="text-align: left;">&#160;CERTAIN SHARES</div>
            <div style="text-align: left;">&#160;</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-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-weight: bold; color: #000000;">13</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td style="width: 93.98%; vertical-align: top; background-color: #FFFFFF; border-right: #000000 1px solid;" colspan="6">
            <div style="text-align: left;">&#160;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
            <div style="text-align: left;">&#160;13.7%<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="color: #000000;"> (3)</font></sup></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-weight: bold; color: #000000;">14</font></div>
            <div style="text-align: left;"><font style="font-weight: bold; color: #000000;">&#160;</font></div>
          </td>
          <td 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;" colspan="6">
            <div style="text-align: left;">&#160;TYPE OF REPORTING PERSON</div>
            <div style="text-align: left;">&#160;IN</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: left;">&#160;</div>
    <div style="text-align: left;">_______________________________</div>
    <div style="text-align: left; 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>&#160; Calculated based on 60,000,916 shares of outstanding common stock, no par value, of USA Technologies, Inc. (the &#8220;<font style="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.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <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;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="zf02cec3775f748548e3f77e5e84bdee7" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="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-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-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;">&#160;</div>
          </td>
          <td style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;">&#160;</div>
          </td>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>

    </table>
    <div style="text-align: justify; clear: both;"><font style="font-weight: bold; color: #000000;"> <br>
      </font></div>
    <div style="text-align: justify; clear: both; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">ITEM 1. SECURITY AND ISSUER</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: justify;">
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">This amendment No. 1 to Schedule 13D (this &#8220;<font style="font-weight: bold;">Amendment No. 1</font>&#8221;) relates to the Schedule 13D filed on May 20, 2019
        (the &#8220;<font style="font-weight: bold;">Initial 13D</font>&#8221; and, as amended and supplemented through the date of this Amendment No. 1, collectively, the &#8220;<font style="font-weight: bold;">Schedule 13D</font>&#8221;) by the Reporting Persons, relating to
        the common stock, no par value (the &#8220;<font style="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-weight: bold;">Company</font>&#8221;). Capitalized
        terms used but not defined in this Amendment No. 1 shall have the meanings set forth in the Schedule 13D.</div>
    </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font> </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: justify;">
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">The Reporting Persons beneficially own an aggregate of 8,195,972 Shares (the &#8220;<font style="font-weight: bold;">Subject Shares</font>&#8221;). The Subject Shares
        represent approximately 13.7% 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.</div>
    </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font> </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font> </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font> </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="font-family: Arial,Helvetica,'sans-serif';">Item 3 of the Schedule 13D is hereby amended and supplemented by adding the following information: </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left;"><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font>
      <div><font style="color: rgb(0, 0, 0); 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 $46,298,214.71</font><font style="font-family: Arial,Helvetica,'sans-serif';">&#160;</font><font style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">(inclusive of brokerage commissions and other costs of
          execution).</font></div>
      <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
        </font> </div>
      <div style="color: rgb(0, 0, 0); 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.</div>
    </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left;"><font style="font-family: Arial,Helvetica,'sans-serif';"> </font><br>
    </div>
  </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="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="zca219cbefb584632abc8f9f6055bc40d" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="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-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-weight: bold; color: #000000;">Page 6 of 7 Pages</font></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 34%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td rowspan="1" style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <font style="font-family: Georgia,serif;"><font style="font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">ITEM 5. INTEREST IN SECURITIES OF THE ISSUER</font><font style="font-family: Arial,Helvetica,'sans-serif';"> </font></font>
    <div style="text-align: justify;"><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font>
      <div style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following information:</div>
      <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
        </font> </div>
      <div style="color: rgb(0, 0, 0); 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.</div>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
      <div style="color: rgb(0, 0, 0); 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 3 attached hereto and incorporated herein by reference.</div>
    </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: justify;"> <font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font> </div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="background-color: #FFFFFF;"><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
      </font>
      <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">ITEM 7. MATERIAL TO BE FILED AS EXHIBITS</font></div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
        </font> </div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div>
        <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Item 7 of the Schedule 13D is hereby amended and supplemented by adding a reference to the following exhibit:</div>
        <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';"><font style="color: #000000;"> <br>
          </font></div>
        <div style="text-align: left;"><font style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Exhibit 3</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; width: 72pt; font-family: Arial,Helvetica,'sans-serif';">&#160;</font><font style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Schedule of transactions effected during the last 60 days</font></div>
      </div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
        </font> </div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div><font style="font-family: Georgia,serif;"><br>
        </font> </div>
      <font style="font-family: Georgia,serif;"> </font>
      <div><br>
      </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="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="zf1751da2cab5429f98218c97f833cfd8" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 33%; vertical-align: top; background-color: rgb(255, 255, 255);">
            <div style="text-align: left;"><font style="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-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-weight: bold; color: #000000;">Page 7 of 7 Pages</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: center; clear: both;"><font style="font-weight: bold; color: #000000;"> <br>
      </font></div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">SIGNATURE</font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: justify; 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.</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div style="text-align: left; font-family: Arial,Helvetica,'sans-serif';">Date: August 5, 2019</div>
    <div style="text-align: left;"> <br>
    </div>
    <div style="text-align: left;">
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" colspan="2" style="width: 38%;"><font style="font-weight: bold; color: #000000;">HUDSON EXECUTIVE CAPITAL LP</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>
          <tr>
            <td valign="top" align="left" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 3%;">By:&#160; <br>
            </td>
            <td valign="top" align="left" rowspan="1" style="width: 35%;">HEC Management GP, LLC, its general partner</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 3%;">&#160;</td>
            <td valign="top" align="left" rowspan="1" style="width: 35%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <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; Douglas L. Braunstein</td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <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; Douglas L. Braunstein</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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; Managing Member</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>

      </table>
    </div>
    <div style="text-align: left;"> <br>
    </div>
    <div style="text-align: left;">
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" colspan="2" style="width: 38%;"><font style="font-weight: bold; color: #000000;">HEC MANAGEMENT GP LLC</font></td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <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; Douglas L. Braunstein</td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <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: Douglas L. Braunstein</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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; Managing Member</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <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>
          </tr>

      </table>
    </div>
    <div style="text-align: left;">&#160;&#160; </div>
    <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: Arial, Helvetica, sans-serif; font-size: 10pt;">

        <tr>
          <td valign="top" style="width: 50%;">&#160;</td>
          <td valign="top" colspan="2" style="width: 38%;"><font style="font-weight: bold; color: #000000;">DOUGLAS L. BRAUNSTEIN</font></td>
          <td valign="top" style="width: 12%;">&#160;</td>
        </tr>
        <tr>
          <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>
        </tr>
        <tr>
          <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
            <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; Douglas L. Braunstein</td>
          <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
        </tr>
        <tr>
          <td valign="top" style="width: 50%;">&#160;</td>
          <td valign="top" style="width: 3%;">&#160;</td>
          <td valign="bottom" align="left" style="width: 35%;">Douglas L. Braunstein</td>
          <td valign="top" style="width: 12%;">&#160;</td>
        </tr>
        <tr>
          <td valign="top" style="width: 50%;">&#160;</td>
          <td valign="top" style="width: 3%;">&#160;</td>
          <td valign="top" style="width: 35%;"><br>
          </td>
          <td valign="top" style="width: 12%;">&#160;</td>
        </tr>
        <tr>
          <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>
        </tr>

    </table>
    <div><br>
    </div>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
  </div>
  <div><br>
    <div></div>
    <div style="text-align: center; font-family: Arial,Helvetica,'sans-serif';"><font style="font-weight: bold; color: #000000;">EXHIBIT 3<br>
      </font></div>
    <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
    <div><font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div id="DSPFPageHeader">
        <div><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
          </font> </div>
      </div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-family: Arial,Helvetica,'sans-serif';"><u>Schedule of Transactions in Shares</u></div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); 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
        Reporting Persons in respect of the Shares, inclusive of any transactions effected through 4:00 pm, New York City time, on August 5, 2019. &#160;</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: center; color: rgb(0, 0, 0); font-style: italic; font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">USA Technologies, Inc.</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <table cellspacing="0" cellpadding="0" id="ze56b0392c6454b35854b7c064697367c" style="font-family: Arial, Helvetica, sans-serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 19.14%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px double;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">Trade Date</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px double;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">Transaction</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px double;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">Security</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px double;">
              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">Quantity Bought (Sold)</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: #FFFFFF; border-bottom: #000000 2px double;">
              <div style="text-align: center; color: #000000;"><font style="font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">Unit Cost</font><font style="font-family: Arial,Helvetica,'sans-serif';"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.14%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">8/1/2019</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Buy</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">Common Stock</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">1,000,252</div>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: #FFFFFF;">
              <div style="text-align: right; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">$6.93<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup></div>
            </td>
          </tr>
          <tr>
            <td style="width: 19.14%; vertical-align: bottom; background-color: #FFFFFF;" rowspan="1">8/5/2019<br>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';" rowspan="1">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: #FFFFFF;" rowspan="1">Sell Short <br>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';" rowspan="1">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: #FFFFFF;" rowspan="1">European Put Options <br>
            </td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';" rowspan="1">&#160;</td>
            <td style="width: 18.96%; vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: right;" rowspan="1">&#160;(5,300)</td>
            <td style="width: 1.25%; vertical-align: top; background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';" rowspan="1">&#160;</td>
            <td style="width: 18.97%; vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: right;" rowspan="1">$1.40<br>
            </td>
          </tr>

      </table>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';">&#160;</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup> Excludes brokerage commissions and other costs of execution.</div>
      <font style="font-family: Arial,Helvetica,'sans-serif';"> </font>
      <div style="text-align: left; color: rgb(0, 0, 0); font-family: Arial,Helvetica,'sans-serif';"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(2)</sup> The price reported is a weighted average price. These Shares were bought in transactions through a broker-dealer at prices ranging from
        $6.60 to $6.93, 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.</div>
    </div>
    <div> <br>
    </div>
    <div> <br>
    </div>
    <br>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
