Lincoln C. Mali - Dec 3, 2021 Form 4 Insider Report for NET 1 UEPS TECHNOLOGIES INC (LSAK)

Role
CEO: South Africa
Signature
/s/ Lincoln C. Mali
Stock symbol
LSAK
Transactions as of
Dec 3, 2021
Transactions value $
$217,400
Form type
4
Date filed
12/7/2021, 03:15 PM
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSAK Common Stock Purchase $29.9K +6.01K +3.99% $4.97 157K Dec 3, 2021 Direct F1
transaction LSAK Common Stock Award $0 +6.93K +4.42% $0.00 164K Dec 3, 2021 Direct F2
transaction LSAK Common Stock Award $0 +918 +0.56% $0.00 165K Dec 3, 2021 Direct F3
transaction LSAK Common Stock Purchase $188K +36.1K +21.95% $5.19 201K Dec 6, 2021 Direct F1
transaction LSAK Common Stock Award $0 +43.4K +21.61% $0.00 244K Dec 6, 2021 Direct F2
transaction LSAK Common Stock Award $0 +7.25K +2.97% $0.00 251K Dec 6, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 78.0 to ZAR 80.0 and ZAR 75.51 and ZAR 83.50 on December 3, 2021 and December 6, 2021, respectively. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.
F2 Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Mali's February 5, 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 ZAR 6.25 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.