Paul M. Dell - Dec 9, 2021 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role
Group Chief Financial Officer
Signature
/s/ Paul M. Dell
Stock symbol
MIXT
Transactions as of
Dec 9, 2021
Transactions value $
$0
Form type
4
Date filed
7/24/2023, 06:25 PM
Next filing
Feb 11, 2022

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 Award $0 +500K $0.00 500K Dec 9, 2021 Ordinary Shares 500K $0.47 Direct F1, F2
transaction MIXT Stock Appreciation Rights Award $0 +585K $0.00 585K Nov 1, 2022 Ordinary Shares 585K $0.28 Direct F1, 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 December 9, 2021 and expire on December 9, 2027.
F3 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 1, 2022 and expire on November 1, 2028.