Paul M. Dell - 09 Feb 2022 Form 4 Insider Report for MiX Telematics Ltd

Role
Chief Accounting Officer
Signature
/s/ Paul M. Dell, by John R Granara III, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
09 Feb 2022
Net transactions value
+$29,656
Form type
4
Filing time
11 Feb 2022, 07:17:04 UTC
Previous filing
24 Jul 2023
Next filing
02 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 $29,656 +123,565 +12356% $0.2400* 124,565 09 Feb 2022 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 Share Appreciation Rights Options Exercise $0 +200,000 $0.000000* 0 09 Feb 2022 Ordinary Shares 123,565 $0.2400 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of grant date.
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 200,000 Stock Appreciation Rights were exercised equating to 123,565 ordinary shares (equivalent to 4,943 ADRs) based on an intrinsic value of 5.06 Rand (equivalent to $0.33) and an exercise price of 8.19 Rand (equivalent to $0.54). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.2986 as of February 9, 2022. The intention is to dispose of all the resultant ordinary shares.