Catherine J. Lewis - 04 Nov 2022 Form 4 Insider Report for MiX Telematics Ltd

Role
Executive Vice President
Signature
/s/ Lewis Catherine J, by Paul M. Dell, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
04 Nov 2022
Net transactions value
+$55,022
Form type
4
Filing time
08 Nov 2022, 08:37:05 UTC
Previous filing
30 Jun 2022
Next filing
14 Dec 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 $55,022 +305,680 +15% $0.1800* 2,391,619 04 Nov 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 +656,250 $0.000000* 0 04 Nov 2022 Ordinary Shares 305,680 $0.1800 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 November 24, 2016 and expire on November 24, 2022.
F3 656,250 Stock Appreciation Rights were exercised equating to 305,680 ordinary shares (equivalent to 12,228 ADRs) based on an intrinsic value of 2.86 Rand (equivalent to $0.16) and an exercise price of 6.14 Rand (equivalent to $0.34). The conversion prices reflects the approximate U.S. dollar conversion rate of R18.1358 as of November 4, 2022.