Kotze Herman 4
4 · NET 1 UEPS TECHNOLOGIES INC · Filed Feb 25, 2020
Insider Transaction Report
Form 4
Kotze Herman
DirectorChief Financial Officer
Transactions
- Award
Common Stock
2020-02-21+267,200→ 815,000 total - Award
Common Stock
2020-02-21+66,800→ 547,800 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 conditional upon the recipients continued employment with the Company through June 30, 2023.
- [F2]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) achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023 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.