Joselowitz Stefan B 4
4 · MiX Telematics Ltd · Filed Mar 24, 2022
Insider Transaction Report
Form 4
Joselowitz Stefan B
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Stock Appreciation Rights
2022-03-23+1,000,000→ 0 totalExercise: $0.19→ Ordinary Shares (589,958 underlying) - Exercise/Conversion
Ordinary Shares
2022-03-23$0.19/sh+589,958$112,092→ 19,302,149 total
Footnotes (3)
- [F1]For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of grant date.
- [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 May 30, 2016 and expire on May 30, 2022.
- [F3]1,000,000 Stock Appreciation Rights were exercised equating to 589,958 ordinary shares (equivalent to 23,598 ADRs) based on an intrinsic value of 4.23 Rand (equivalent to $0.28) and an exercise price of 7.17 Rand (equivalent to $0.48). The conversion prices reflects the approximate U.S. dollar conversion rate of R14.8812 as of March 22, 2022.