Gert Pretorius - Mar 3, 2022 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role: Executive Vice President
Signature: /s/ Gert Pretorius, by Paul M. Dell, as Attorney-in-Fact
Stock symbol: MIXT
Transactions as of: Mar 3, 2022
Transactions value $: $280,385
Form type: 4
Date filed: 3/4/2022, 03:06 PM
Previous filing: Jan 3, 2022
Next filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MIXT	Ordinary Shares	Options Exercise	$56.5K	+297K	+36.11%	$0.19^*	1.12M	Mar 3, 2022	Direct	F1
transaction	MIXT	Ordinary Shares	Options Exercise	$55.1K	+240K	+21.38%	$0.23^*	1.36M	Mar 3, 2022	Direct	F1
transaction	MIXT	Ordinary Shares	Options Exercise	$56.7K	+246K	+18.12%	$0.23^*	1.61M	Mar 3, 2022	Direct	F1
transaction	MIXT	Ordinary Shares	Options Exercise	$112K	+431K	+26.85%	$0.26^*	2.04M	Mar 3, 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	Stock Appreciation Rights	Options Exercise	$0	+500K		$0.00^*	0	Mar 3, 2022	Ordinary Shares	297K	$0.19	Direct	F1, F2, F3
transaction	MIXT	Stock Appreciation Rights	Options Exercise	$0	+438K		$0.00^*	0	Mar 3, 2022	Ordinary Shares	240K	$0.23	Direct	F1, F4, F5
transaction	MIXT	Stock Appreciation Rights	Options Exercise	$0	+438K		$0.00^*	0	Mar 3, 2022	Ordinary Shares	246K	$0.23	Direct	F1, F4, F6
transaction	MIXT	Stock Appreciation Rights	Options Exercise	$0	+825K		$0.00^*	0	Mar 3, 2022	Ordinary Shares	431K	$0.26	Direct	F1, F7, F8

* 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 May 30, 2016 and expire on May 30, 2022.
F3	500,000 Stock Appreciation Rights were exercised equating to 297,241 ordinary shares (equivalent to 11,890 ADRs) based on an intrinsic value of 4.31 Rand (equivalent to $0.28) and an exercise price of 7.25 Rand (equivalent to $0.47). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.2723 as of March 3, 2022.
F4	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 November 24, 2016 and expire on November 24, 2022.
F5	437,500 Stock Appreciation Rights were exercised equating to 239,569 ordinary shares (equivalent to 9,583 ADRs) based on an intrinsic value of 3.97 Rand (equivalent to $0.26) and an exercise price of 7.25 Rand (equivalent to $0.47). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.2723 as of March 3, 2022.
F6	437,500 Stock Appreciation Rights were exercised equating to 246,421 ordinary shares (equivalent to 9,857 ADRs) based on an intrinsic value of 4.23 Rand (equivalent to $0.28) and an exercise price of 7.51 Rand (equivalent to $0.49). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.2723 as of March 3, 2022.
F7	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 May 30, 2017 and expire on May 30, 2023.
F8	825,000 Stock Appreciation Rights were exercised equating to 431,276 ordinary shares (equivalent to 17,251 ADRs) based on an intrinsic value of 3.79 Rand (equivalent to $0.25) and an exercise price of 7.25 Rand (equivalent to $0.47). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.2723 as of March 3, 2022.