Christopher G.B. Meyer - 17 Nov 2021 Form 4 Insider Report for NET 1 UEPS TECHNOLOGIES INC (LSAK)

Role
Group Chief Executive Officer, Director
Signature
/s/ Chris G.B Meyer
Issuer symbol
LSAK
Transactions as of
17 Nov 2021
Net transactions value
+$29,684
Form type
4
Filing time
18 Nov 2021, 15:10:23 UTC
Previous filing
17 Nov 2021
Next filing
21 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSAK Common Stock Purchase $29,684 +5,226 +4.7% $5.68 117,260 17 Nov 2021 Family Trust F1
transaction LSAK Common Stock Award $0 +7,034 +1.7% $0.000000 429,596 17 Nov 2021 Direct F2
transaction LSAK Common Stock Award $0 +1,808 +0.42% $0.000000 431,404 17 Nov 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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 its 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 Issuer 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.
F3 Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.