Filing Details

Accession Number:
0001062993-21-012896
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-12-15 16:05:36
Reporting Period:
2021-12-13
Accepted Time:
2021-12-15 16:05:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1041514 Net 1 Ueps Technologies Inc UEPS Functions Related To Depository Banking, Nec (6099) 980171860
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1860296 Camagu Lincoln Mali President Place, 4Th Floor
Cnr. Jan Smuts Avenue And Bolton Road
Rosebank, Johannesburg, Fc T3 T3
Ceo: Southern Africa No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2021-12-13 24,006 $5.63 291,726 No 4 P Direct
Common Stock Acquisiton 2021-12-13 31,283 $0.00 323,009 No 4 A Direct
Common Stock Acquisiton 2021-12-13 7,277 $0.00 330,286 No 4 A Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 A Direct
No 4 A Direct
Footnotes
  1. The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 88.53 to ZAR 90.0 on December 13, 2021. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.
  2. Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Mali's February 5, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of ZAR 6.25 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.
  3. Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.