Stefan B. Joselowitz - 23 Mar 2022 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
23 Mar 2022
Transactions value $
$112,092
Form type
4
Date filed
24 Mar 2022, 13:50
Previous filing
30 Dec 2021
Next filing
10 Jun 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 $112K +590K +3.15% $0.19* 19.3M 23 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 +1M $0.00* 0 23 Mar 2022 Ordinary Shares 590K $0.19 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 May 30, 2016 and expire on May 30, 2022.
F3 1,000,000 Stock Appreciation Rights were exercised equating to 589,958 ordinary shares (equivalent to 23,598 ADRs) based on an intrinsic value of 4.23 Rand (equivalent to $0.28) and an exercise price of 7.17 Rand (equivalent to $0.48). The conversion prices reflects the approximate U.S. dollar conversion rate of R14.8812 as of March 22, 2022.