Smith Alexander Michael Ramsay 4
4 · NET 1 UEPS TECHNOLOGIES INC · Filed Sep 11, 2018
Insider Transaction Report
Form 4
Smith Alexander Michael Ramsay
DirectorChief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2018-09-07+30,000→ 30,000 totalExercise: $6.20Exp: 2028-09-07→ Common Stock (30,000 underlying) - Award
Common Stock
2018-09-07+30,000→ 52,817 total
Footnotes (2)
- [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 2015 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) (1) the trading price the Company's shares must equal or exceed certain agreed volume-weighted average stock price ("VWAP") levels for a period of 30 consecutive trading days during a measurement period commencing on the date that it files its Annual Report on Form 10-K for the fiscal year ended 2021 and ending on December 31, 2021 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]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, September 7, 2018.