4//SEC Filing
NET 1 UEPS TECHNOLOGIES INC 4
Accession 0001062993-14-005273
$LSAKCIK 0001041514operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 1:22 PM ET
Size
8.8 KB
Accession
0001062993-14-005273
Insider Transaction Report
Form 4
Belamant Serge
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2014-08-27+83,448→ 83,448 totalExercise: $11.23Exp: 2024-08-27→ Common Stock (83,448 underlying) - Award
Common Stock
2014-08-27+83,448→ 495,016 total
Holdings
- 725,799(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2004 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the closing price of the Company's common stock is equal to or exceeds $19.41 (subject to appropriate adjustment for any stock split or stock dividend) for a period of 30 consecutive trading days during a measurement period commencing on the date that the Company files its Annual Report on Form 10-K for the fiscal year ended 2017 and ending on December 31, 2017 and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.
- [F2]Dr. Belamant owns 411,568 shares of common stock directly. 725,799 shares of common stock are held by the CI Law Trustees Limited for the San Roque Trust dated 8/18/92. Dr. Belamant, as proxy of CI Law Trustees, has the power to vote all of the CI Law Trustees' shares.
- [F3]Subject to the recipient's continuous service through the applicable vesting date, one third of the options vest on each of the first, second and third anniversaries of the grant date, August 27, 2014.
Issuer
NET 1 UEPS TECHNOLOGIES INC
CIK 0001041514
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001041514
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 1:22 PM ET
- Size
- 8.8 KB