4//SEC Filing
Kotze Herman 4
Accession 0001062993-18-003702
CIK 0001041514other
Filed
Sep 10, 8:00 PM ET
Accepted
Sep 11, 4:20 PM ET
Size
11.7 KB
Accession
0001062993-18-003702
Insider Transaction Report
Form 4
Kotze Herman
DirectorChief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2018-06-30−39,762→ 411,000 total - Disposition to Issuer
Common Stock
2017-12-31−44,178→ 450,762 total - Award
Common Stock
2018-09-07+58,000→ 469,000 total - Award
Employee Stock Option (Right to Buy)
2018-09-07+58,000→ 58,000 totalExercise: $6.20Exp: 2028-09-07→ Common Stock (58,000 underlying)
Footnotes (4)
- [F1]Represents forfeiture of restricted stock on December 31, 2017. Vesting was subject to the satisfaction of the following conditions: (1) the closing price of the Company's common stock equaled to or exceeded $19.41 for a period of 30 consecutive trading days during a measurement period commencing on the date that the Company filed its Annual Report on Form 10-K for the fiscal year ended 2017 and ending on December 31, 2017 and (2) the recipient remained employed by the Company on a full-time basis when the condition in (1) was met. The stock price did not meet or exceed the specified target and award was forfeited.
- [F2]Represents forfeiture of restricted stock as of June 30, 2018. Vesting was subject to: (A) recipient's continued employment with the Company through to the date it filed its 2018 Form 10-K; (B) if that condition is satisfied, then the shares would have vested based on the agreed levels of Fundamental EPS for fiscal 2018 ("2018 FEPS"), with the minimum target set at 2018 FEPS of $2.88. The Company did not achieve even the minimum 2018 FEPS target and therefore the award was forfeited.
- [F3]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) 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.
- [F4]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.
Issuer
NET 1 UEPS TECHNOLOGIES INC
CIK 0001041514
Entity typeother
Related Parties
1- filerCIK 0001301356
Filing Metadata
- Form type
- 4
- Filed
- Sep 10, 8:00 PM ET
- Accepted
- Sep 11, 4:20 PM ET
- Size
- 11.7 KB