Gert Pretorius - 07 Feb 2023 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
07 Feb 2023
Net transactions value
+$28,401
Form type
4
Filing time
13 Feb 2023, 10:35:55 UTC
Previous filing
30 Jun 2022
Next filing
16 Feb 2023
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 $28,401 +109,233 +8.7% $0.2600* 1,363,636 07 Feb 2023 Direct F1, F2

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 +275,000 $0.000000* 0 07 Feb 2023 Ordinary Shares 109,233 $0.2600 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, 2017 and expire on May 30, 2023.
F3 275,000 Stock Appreciation Rights were exercised equating to 109,233 ordinary shares (equivalent to 4,369 ADRs) based on an intrinsic value of 2.28 Rand (equivalent to $0.13) and an exercise price of 5.74 Rand (equivalent to $0.33). The conversion prices reflects the approximate U.S. dollar conversion rate of R17.6128 as of February 7, 2023.