Stefan B. Joselowitz - 28 Dec 2021 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role
President and CEO, Director
Signature
/s/ Joselowitz Stefan B, by Paul M. Dell, as Attorney-in-Fact
Issuer symbol
MIXT
Transactions as of
28 Dec 2021
Transactions value $
$124,029
Form type
4
Filing time
30 Dec 2021, 09:58:43 UTC
Previous filing
24 Jul 2023
Next filing
24 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIXT Ordinary Shares Options Exercise $124K +620K +3.43% $0.20* 18.7M 28 Dec 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MIXT Stock Appreciation Rights Options Exercise $0 +1M $0.00* 0 28 Dec 2021 Ordinary Shares 620K $0.20 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion price reflects the approximate U.S. dollar conversion rate of R15.6712 as of December 28, 2021.
F2 The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on August 31, 2015 and would have expired on August 31, 2021, however special dispensation was received to trade at a later date resulting in the new expiration date being February 10, 2022.
F3 1,000,000 Stock Appreciation Rights were exercised equating to 620,146 ordinary shares (equivalent to 24,806 ADRs) based on an intrinsic value of 5.11 Rand (equivalent to $0.33) and an exercise price of 8.24 Rand (equivalent to $0.53). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.6712 as of December 28, 2021. The intention is to retain the resultant ordinary shares.