Tasker Charles W 4
4 · MiX Telematics Ltd · Filed Nov 8, 2022
Insider Transaction Report
Form 4
Tasker Charles W
DirectorChief Operations Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2022-11-04$0.18/sh+407,573$73,363→ 5,942,380 total - Exercise/Conversion
Stock Appreciation Rights
2022-11-04+875,000→ 0 totalExercise: $0.18→ Ordinary Shares (407,573 underlying)
Holdings
- 2,428,150(indirect: By Spouse)
Ordinary Shares
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 November 24, 2016 and expire on November 24, 2022.
- [F3]875,000 Stock Appreciation Rights were exercised equating to 407,573 ordinary shares (equivalent to 16,303 ADRs) based on an intrinsic value of 2.86 Rand (equivalent to $0.16) and an exercise price of 6.14 Rand (equivalent to $0.34). The conversion prices reflects the approximate U.S. dollar conversion rate of R18.1358 per U.S Dollar as of November 04, 2022.