Gert Pretorius - 03 Mar 2022 Form 4 Insider Report for MiX Telematics Ltd

Role
Executive Vice President
Signature
/s/ Gert Pretorius, by Paul M. Dell, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Mar 2022
Net transactions value
+$280,385
Form type
4
Filing time
04 Mar 2022, 15:06:12 UTC
Previous filing
03 Jan 2022
Next filing
11 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 $56,476 +297,241 +36% $0.1900* 1,120,368 03 Mar 2022 Direct F1
transaction MIXT Ordinary Shares Options Exercise $55,101 +239,569 +21% $0.2300* 1,359,937 03 Mar 2022 Direct F1
transaction MIXT Ordinary Shares Options Exercise $56,677 +246,421 +18% $0.2300* 1,606,358 03 Mar 2022 Direct F1
transaction MIXT Ordinary Shares Options Exercise $112,132 +431,276 +27% $0.2600* 2,037,634 03 Mar 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 +500,000 $0.000000* 0 03 Mar 2022 Ordinary Shares 297,241 $0.1900 Direct F1, F2, F3
transaction MIXT Stock Appreciation Rights Options Exercise $0 +437,500 $0.000000* 0 03 Mar 2022 Ordinary Shares 239,569 $0.2300 Direct F1, F4, F5
transaction MIXT Stock Appreciation Rights Options Exercise $0 +437,500 $0.000000* 0 03 Mar 2022 Ordinary Shares 246,421 $0.2300 Direct F1, F4, F6
transaction MIXT Stock Appreciation Rights Options Exercise $0 +825,000 $0.000000* 0 03 Mar 2022 Ordinary Shares 431,276 $0.2600 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.