Christopher G.B. Meyer - Jul 1, 2021 Form 4 Insider Report for NET 1 UEPS TECHNOLOGIES INC (LSAK)

Role: Chief Executive Officer, Director
Signature: /s/ Chris G.B. Meyer
Stock symbol: LSAK
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/13/2021, 04:09 PM
Next filing: Nov 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSAK	Common Stock	Award	$0	+117K		$0.00	117K	Jul 1, 2021	Direct	F1
transaction	LSAK	Common Stock	Award	$0	+58.7K	+50%	$0.00	176K	Jul 2, 2021	Direct	F2
transaction	LSAK	Common Stock	Award	$0	+58.7K	+33.33%	$0.00	235K	Jul 2, 2021	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock approved by the remuneration committee of the Issuers board of directors pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is subject to the recipients continuous service through the applicable vesting date on June 30, 2024.
F2	Represents a grant of restricted stock approved by the remuneration committee of the Issuers board of directors in accordance with Mr. Meyers June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Companys common stock is equal to or exceeds certain stock price levels during specific measurement period from June 30, 2021, to June 30, 2024, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.
F3	Represents a grant of restricted stock approved by the remuneration committee of the Issuers board of directors in accordance with Mr. Meyers June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) achieving the Companys three year financial services plan during the specific measurement period from June 30, 2021, to June 30, 2024, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.