Oh Phil-Hyun 4
4 · NET 1 UEPS TECHNOLOGIES INC · Filed Sep 11, 2018
Insider Transaction Report
Form 4
Oh Phil-Hyun
President of KSNET
Transactions
- Disposition to Issuer
Common Stock
2018-06-30−12,000→ 15,000 total - Award
Employee Stock Option (Right to Buy)
2018-09-07+27,000→ 27,000 totalExercise: $6.20Exp: 2028-09-07→ Common Stock (27,000 underlying)
Footnotes (2)
- [F1]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.
- [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.