4//SEC Filing
Joselowitz Stefan B 4
Accession 0001104659-21-154519
CIK 0001576914other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 10:58 AM ET
Size
8.0 KB
Accession
0001104659-21-154519
Insider Transaction Report
Form 4
Joselowitz Stefan B
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Ordinary Shares
2021-12-28$0.20/sh+620,146$124,029→ 18,712,191 total - Exercise/Conversion
Stock Appreciation Rights
2021-12-28+1,000,000→ 0 totalExercise: $0.20→ Ordinary Shares (620,146 underlying)
Footnotes (3)
- [F1]The conversion price reflects the approximate U.S. dollar conversion rate of R15.6712 as of December 28, 2021.
- [F2]The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on August 31, 2015 and would have expired on August 31, 2021, however special dispensation was received to trade at a later date resulting in the new expiration date being February 10, 2022.
- [F3]1,000,000 Stock Appreciation Rights were exercised equating to 620,146 ordinary shares (equivalent to 24,806 ADRs) based on an intrinsic value of 5.11 Rand (equivalent to $0.33) and an exercise price of 8.24 Rand (equivalent to $0.53). The conversion prices reflects the approximate U.S. dollar conversion rate of R15.6712 as of December 28, 2021. The intention is to retain the resultant ordinary shares.
Documents
Issuer
MiX Telematics Ltd
CIK 0001576914
Entity typeother
Related Parties
1- filerCIK 0001809252
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 10:58 AM ET
- Size
- 8.0 KB