Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MIXT | Ordinary Shares | Options Exercise | $16.2K | +81K | +4.22% | $0.20* | 2M | Dec 29, 2021 | Direct | F1 |
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 | +125K | $0.00* | 0 | Dec 29, 2021 | Ordinary Shares | 81K | $0.20 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The conversion price reflects the approximate U.S. dollar conversion rate of R15.8526 as of December 29, 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 | 125,000 Stock Appreciation Rights were exercised equating to 81,039 ordinary shares (equivalent to 3,242 ADRs) based on an intrinsic value of 5.77 Rand (equivalent to $0.36) and an exercise price of 8.90 Rand (equivalent to $0.56). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.8526 as of December 29, 2021. The intention is to dispose of all the resultant ordinary shares. |