Pretorius Gert 4
4 · MiX Telematics Ltd · Filed Feb 13, 2023
Insider Transaction Report
Form 4
Pretorius Gert
Executive Vice President
Transactions
- Exercise/Conversion
Ordinary Shares
2023-02-07$0.26/sh+109,233$28,401→ 1,363,636 total - Exercise/Conversion
Stock Appreciation Rights
2023-02-07+275,000→ 0 totalExercise: $0.26→ Ordinary Shares (109,233 underlying)
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, 2017 and expire on May 30, 2023.
- [F3]275,000 Stock Appreciation Rights were exercised equating to 109,233 ordinary shares (equivalent to 4,369 ADRs) based on an intrinsic value of 2.28 Rand (equivalent to $0.13) and an exercise price of 5.74 Rand (equivalent to $0.33). The conversion prices reflects the approximate U.S. dollar conversion rate of R17.6128 as of February 7, 2023.