4//SEC Filing
NET 1 UEPS TECHNOLOGIES INC 4
Accession 0001062993-16-011331
$LSAKCIK 0001041514operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 4:31 PM ET
Size
6.4 KB
Accession
0001062993-16-011331
Insider Transaction Report
Form 4
Belamant Serge
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2016-08-25+200,000→ 662,425 total
Holdings
- 725,799(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]Represents a grant of restricted stock. Vesting is subject to: (A) recipient's employment with the Company through to the date it files its 2019 Form 10-K; (B) if that condition is satisfied, then the shares will vest based on the level of Fundamental EPS the Company achieves for fiscal 2019 ("2019 FEPS"), as follows: (i) one-third if the Company achieves 2019 FEPS of $2.60; (ii) two-thirds if the Company achieves 2019 FEPS of $2.80; and (iii) all of the shares if the Company achieves 2019 FEPS of $3.00. At levels of 2019 FEPS greater than $2.60 and less than $3.00, the number of shares that will vest will be determined by linear interpolation relative to 2019 FEPS of $3.00. Any shares that do not vest in accordance with the above-described conditions will be forfeited.
- [F2]725,799 shares of common stock are held by the CI Law Trustees Limited for the San Roque Trust dated 8/18/92. Mr. Belamant, as proxy of CI Law Trustees, has the power to vote all of the CI Law Trustees' shares.
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, 4:31 PM ET
- Size
- 6.4 KB