Meyer Christopher G.B. 4
4 · NET 1 UEPS TECHNOLOGIES INC · Filed Nov 18, 2021
Insider Transaction Report
Form 4
Meyer Christopher G.B.
DirectorGroup Chief Executive Officer
Transactions
- Award
Common Stock
2021-11-17+7,034→ 429,596 total - Award
Common Stock
2021-11-17+1,808→ 431,404 total - Purchase
Common Stock
2021-11-17$5.68/sh+5,226$29,684→ 117,260 total(indirect: By Trust)
Footnotes (3)
- [F1]A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F2]Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer's June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of $1.0 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.
- [F3]Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.