Ian Jacobs - 02 Apr 2024 Form 4 Insider Report for MiX Telematics Ltd

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 02 Apr 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Apr 2024, 20:01:46 UTC
Prior SEC filing: 14 Jun 2022
Next SEC filing: 03 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Ian Jacobs, by Paul M. Dell, as Attorney-in-Fact

Key filing fact

Ian Jacobs filed Form 4 for MiX Telematics Ltd on 04 Apr 2024.

Key facts

This page summarizes Ian Jacobs's Form 4 filing for MiX Telematics Ltd.
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 04 Apr 2024, 20:01.

Change

Previous filing in this sequence was filed on 14 Jun 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MIXT transaction

Ordinary Shares

Disposed to Issuer

Transaction value
Shares: -240,700
Change %: -100%
Price
Shares after: 0
Date: 02 Apr 2024
Ownership: Direct
Footnotes: F1, F2, F3

MIXT transaction

Ordinary Shares

Disposed to Issuer

Transaction value
Shares: -34,096,150
Change %: -100%
Price
Shares after: 0
Date: 02 Apr 2024
Ownership: See footnote
Footnotes: F1, F2, F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Ian Jacobs is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

On April 2, 2024 (the "Scheme Implementation Date"), the parties to the implementation agreement, dated as of October 10, 2023 (the "Agreement"), by and among MiX Telematics Limited ("MiX Telematics"), Powerfleet, Inc. ("Powerfleet), and Main Street 2000 Proprietary Limited ("Powerfleet Sub"), completed the transactions contemplated thereby (the "Business Combination"), pursuant to which (i) Powerfleet Sub acquired all of the issued ordinary shares of Mix Telematics, no par value ("MiX Ordinary Shares"), including the MiX Ordinary Shares represented by Mix Telematics' American Depositary Shares ("MiX ADSs"),

Footnote F2

through the implementation of a scheme of arrangement (the "Scheme") in accordance with Sections 114 and 115 of the South African Companies Act, No. 71 of 2008, as amended, in exchange for shares of common stock, par value $0.01 per share, of Powerfleet ("Powerfleet Common Stock") and (ii) as a result of the transactions, including the Scheme, contemplated by the Agreement, MiX Telematics became an indirect, wholly owned subsidiary of Powerfleet.

Footnote F3

Disposed of pursuant to the Agreement in exchange for 30,718 shares of Powerfleet Common Stock having a market value of approximately $157,276 on the Scheme Implementation Date.

Footnote F4

Disposed of pursuant to the Agreement in exchange for 4,351,351 shares of Powerfleet Common Stock having a market value of approximately $22,278,917 on the Scheme Implementation Date.

Footnote F5

This includes 842,584 MiX ADSs representing 21,064,600 MiX Ordinary Shares held by 786 Partners LP, over which Ian Jacobs has voting power and 521,262 MiX ADSs translating to 13,031,550 MiX Ordinary Shares held by 402 Fund LP, over which Ian Jacobs has voting power. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.