Granara John 4
4 · MiX Telematics Ltd · Filed Jun 5, 2020
Insider Transaction Report
Form 4
Granara John
DirectorVice President and Group CFO
Transactions
- Award
Share Appreciation Rights
2020-06-01+900,000→ 900,000 totalExercise: $0.35Exp: 2026-06-01→ Ordinary Shares (900,000 underlying) - Award
Restricted Stock Units
2020-06-01+400,000→ 400,000 totalExercise: $0.00→ Ordinary Shares (400,000 underlying)
Footnotes (5)
- [F1]The conversion price reflects the approximate U.S. dollar conversion rate of 5.90 Rand.
- [F2]Represents Stock Settled Share Appreciation Rights which shall vest upon the Issuer's Ordinary Shares achieving a compounded annual growth in the Ordinary Share price of ten percent (10%). Subject to that achievement and continued employment, these shares will vest in equal installments of 25% on June 1 of each year, with the first vesting date being June 1, 2022.
- [F3]Each Share Appreciation Right represents a contingent right to receive 1 Ordinary Share of the Issuer. 25 Ordinary Shares are equal to 1 American Depository Share.
- [F4]Each Restricted Stock Unit represents a contingent right to receive one Ordinary Share of Issuer.
- [F5]The Restricted Stock Units shall vest in two installments. Subject to continued employment, the first 50% shall vest on June 1, 2022 and the second 50% shall vest on June 1, 2023. Vested shares will be delivered upon settlement.