PROSPECTUS SUPPLEMENT NO. 2 Filed Pursuant to Rule 424 (b)(3) (To Prospectus dated October 30, 2000 and Prospectus Supplement No. 1 thereto dated January 26, 2001) Registration No. 333-48972 ----------------------------- USA TECHNOLOGIES, INC. 16,691,997 shares of Common Stock ----------------------------- The table entitled "1999-B COMMON STOCK PURCHASE WARRANTS" appearing under the "SELLING SHAREHOLDERS" section of the Prospectus is deleted and shall be replaced in its entirety by the new table below. The new table reflects the addition of Alex Consulting, Inc. Subsequent to the date of the Prospectus, Adele H. Hepburn transferred to Alex Consulting, Inc. 1999-B Warrants to purchase up to 30,000 shares of Common Stock from us. In addition, the new table set forth below reflects the expiration on June 30, 2001 of those 1999-B Warrants which had not been exercised as of that date by the selling shareholders.
Beneficial Ownership Selling Shareholder Common Stock Offered Hereby After Offering - ----------------------- --------------------------- -------------------- Number Percent ------ ------- ADAMSON, BROOKE ANN 3,800 ALEX CONSULTING, INC. (1) 30,000 270,000 1.31% ALPERT, ALAN 5,000 ANDERSON, JACKSON L 15,000 ANDERSON, WAYNE 10,000 ARNDT, BARRY 1,000 AYERS, JOHN P 10,000 BEARD, ALEXANDER 500 BELIN, MARION & TEDDIE 20,000 BESCH, NANCY & EARL 5,000 BEYER, GUNTER 2,500 BOLITSKY, JOSEPH 20,000 BOYNTON, EDWIN (2) 20,000 100,500 * BOYNTON, JAMES R 10,000 BURKS, WILLIAM P 2,500 CALVARESE, JOANNE 10,000 CALVARESE, VINCENT 10,000 CARL, JERROLD & SUSAN COHEN 50,000 CASTLE JR, AUGUST 30,000 CASTOR GROUP LTD 100,000 CATINO, JANET K 5,000 CHISTOLINI, JOHN 10,000 CIESIELSKI, JUDY ANN 10,000 COHEN, MARC 10,000 COSTELLO, MAUREEN 10,000 CURRIN, CLIFTON 5,000 CURTIS, A KENNETH & WILLIAM K 20,000 CURTIS, WILLIAM K & LINDA S 30,000 DAILEY, JAMES 10,000 D'ANGELO, DAVID 10,000 DEMEDIO, DAVID (3) 3,000 15,824 * DEMEDIO, MARTHA 1,000 DOLAN, LEO 5,000 EASON, JEAN 2,000 FIELDMAN, HAY & ULLMAN (4) 225,000 0 * FRYE, WAYNE 1,250 GEDDIS, MARGARET 2,500 GIDDENS, ROBERT G 10,000 GIDEON TRADING LTD 275,000 GLICKSTEIN, HARRIET & CARY 10,000 GLOMB, CHARLES F 5,000 GREEN, JOHN R 5,000 GRETH, CHARLES & RONNIE NEFF 5,000 HAMILTON FBO IRA, ROBERT (5) 20,000 33,684 * HAMILTON, JAMES 5,000 HANSCOM, JANE 1,000 HANSEN, NANCY 15,000 HARGETT, JUDY & JOHN 2,500 HARRIS IRA, BETTY 17,500
Beneficial Ownership Selling Shareholder Common Stock Offered Hereby After Offering - ----------------------- --------------------------- -------------------- Number Percent ------ ------- HARRIS, JASON BRADLEY 20,000 HARRITY, VIRGINIA 5,000 HARRITY, WILLIAM 10,000 HAUPTFUHRER FAMILY PARTNER 5,000 HAUPTFUHRER, BARBARA 10,000 HAVENS, ANDREA 5,000 HEALD, JACK & CYNTHIA 10,000 HEBENSTREIT, ANDREW 10,000 HEPBURN, AUSTIN B (6) 5,000 319,455 1.55% HOLLAWAY, STEVEN 10,000 HOLMWOOD, JAMES 20,000 HORGAN, THOMAS & LISA 10,000 HRUBALA ASSOC. A PARTNERSHIP 10,000 HUGHES, CHRISTINE 2,500 HYMAN, MICHAEL 5,000 IW MILLER GROUP (7) 100,000 198,750 * JACOBY, ROBERT & MARY LOU 10,000 JOHNSTON, WILLIAM ROBERT 10,000 JONES SR, DONALD & JOAN 5,000 JONES, DONALD R 2,500 JOSHI, RICK 8,400 KELLEHER, CHARLES 10,000 KILGORE, ROBERT 20,000 KILMARX, GEORGE & JUNE 10,000 KNERR, SHIRLEY 50,000 KOLESNIKOFF, EMERSON 10,000 KRAFTON, JOHN & SANDRA 5,000 KROMBOLZ, PHILLIP 20,000 KRUGER, LEON M 5,000 LANG, EILEEN 500 LICHTENSTEIN, ISRAEL & NESIA 5,000 LOPEZ, PATRICK 7,500 LUCE, STEPHEN (8) 5,000 7,882 * LUPPINO, FRANCES 10,000 LURIO, DOUG AND MARGARET (9) 5,000 53,213 * MARINO, SALVATORE 5,000 MASON, KATHLEEN 50,000 MAXWELL, LELAND (10) 5,000 74,217 * MCCARTHY, G ELLARD 5,000 MCCARTY, THOMAS (11) 69,000 0 * MCGARRAH, BOB 25,000 MEEKS, DR. JAMES E 12,500 MERRIMAN, JAMES F 5,000 MIGLIACCIO, AL 10,000 MILLER, HARLEY 5,000 MILLIGAN, DAVID 1,000 MOFFITT, WANDA S 5,000 NELSON, ELIZABETH 10,000 NISHA MEHTA INVESTMENTS 60,000 PAKRADOONI, PETER 10,000 PAPA, GARY 10,000 PARKER, KATHY & DOUGLAS 2,000 - ------------ * Less than one percent (1%). (1) Alex Consulting, Inc. is a consultant to USA on public relations and financial matters. (2) Mr. Boynton is a Director of USA. (3) Mr. DeMedio is an employee of USA. (4) Fieldman, Hay & Ullman, LLP, represented USA in connection with prior litigation. (5) Mr. Hamilton is an employee of USA. (6) Adele Hepburn (the wife of Austin Hepburn) is the Director of Public Relations of USA. (7) I.W. Miller Group, Inc. is our public relations firm. (8) Mr. Luce is an employee of USA. (9) Mr. Lurio is a Director and his law firm, Lurio & Associates, P.C., is general counsel to USA. (10) Mr. Maxwell is the Chief Financial Officer of USA. (11) Mr. McCarty is the President of Vista Marketing Research, Inc. which serves as a consultant to USA. (12) Mr. Sellers is a Director of USA. (13) Ms. Young is a former employee of USA. The date of this Prospectus Supplement is September 6, 2001.
Beneficial Ownership Selling Shareholder Common Stock Offered Hereby After Offering - ----------------------- --------------------------- -------------------- Number Percent ------ ------- PARKER, MICHAEL 5,000 PARKER, RICHARD & LAURA 10,000 PELTER, TIMOTHY 500 PONTON JR., JOHN W 5,000 QUINN, DANIEL 20,000 RAFFERTY, PAUL 10,000 RECKTENWALD, WILLIAM 10,000 RENNER IV, HARRY 10,000 ROBERTS, NOMA ANN 5,000 ROLFE, RANDALL C 1,000 ROPER, LEE & LISA 5,000 RUGART, KARL 10,000 SELLERS, WILLIAM (12) 130,000 324,075 1.57% SHAHEEN, LOUIS & JANET 5,000 SMITH, PATRICIA JILL 73,500 STETSON IV, JOHN & SOLVEIG 5,000 STEWART, HOMER 1,000 STITT, PRISCILLA 10,000 STULL, CLARK & CAROLYN 2,500 WHEELER, ARTHUR 20,000 WOLFE, CLAUDINE W 2,000 WOLFE, HOWARD H 1,500 WORDEN FAMILY PARTNERSHIP 5,000 WORDEN, GEOFFREY 12,500 WRIGHT, JOHN D 5,000 YOCUM, GEORGE 4,000 YOUNG, FRANCES (13) 130,000 600,000 2.91% ZELENKA, DONALD 25,000 ZEYHER, LOIS & DAVID 5,000 --------- TOTAL 2,340,450 =========