Christopher G.b. Meyer - 11 Nov 2021 Form 4 Insider Report for NET 1 UEPS TECHNOLOGIES INC (LSAK)

Reporting relationship: Group Chief Executive Officer, Director
Issuer ticker: LSAK
Reported as of: 11 Nov 2021
Net transaction value: +$41,560
SEC form: 4
Accepted by SEC: 15 Nov 2021, 15:18:12 UTC
Prior SEC filing: 13 Jul 2021
Next SEC filing: 17 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Chris G.B. Meyer

Filing notes and source

Key filing fact

Christopher G.b. Meyer filed Form 4 for NET 1 UEPS TECHNOLOGIES INC (LSAK) on 15 Nov 2021.

Key facts

This page summarizes Christopher G.b. Meyer's Form 4 filing for NET 1 UEPS TECHNOLOGIES INC (LSAK).
6 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 15 Nov 2021, 15:18.

Change

Previous filing in this sequence was filed on 13 Jul 2021.
Current net transaction value: +$41,560.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LSAK transaction

Common Stock

Purchase

Transaction value: $19,960
Shares: +3,514
Change %
Price: $5.68
Shares after: 3,514
Date: 11 Nov 2021
Ownership: Family Trust
Footnotes: F1

LSAK transaction

Common Stock

Award

Transaction value: $0
Shares: +4,735
Change %: +2%
Price: $0.000000
Shares after: 239,343
Date: 11 Nov 2021
Ownership: Direct
Footnotes: F2

LSAK transaction

Common Stock

Award

Transaction value: $0
Shares: +2,213
Change %: +0.92%
Price: $0.000000
Shares after: 241,556
Date: 11 Nov 2021
Ownership: Direct
Footnotes: F3

LSAK transaction

Common Stock

Purchase

Transaction value: $21,600
Shares: +4,000
Change %: +114%
Price: $5.40
Shares after: 7,514
Date: 12 Nov 2021
Ownership: Family Trust
Footnotes: F1

LSAK transaction

Common Stock

Award

Transaction value: $0
Shares: +5,118
Change %: +2.1%
Price: $0.000000
Shares after: 246,674
Date: 12 Nov 2021
Ownership: Direct
Footnotes: F2

LSAK transaction

Common Stock

Award

Transaction value: $0
Shares: +2,033
Change %: +0.82%
Price: $0.000000
Shares after: 248,707
Date: 12 Nov 2021
Ownership: Direct
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Footnote F2

Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer???s June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match The reporting person???s purchase of shares of our common stock up to an amount of $1.0 million (Matching Arrangement). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to The reporting person???s employment with the Company on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

Footnote F3

Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuers shares of common stock following his purchase. The shares vested on the date of grant.