4//SEC Filing
Tasker Charles W 4
Accession 0001104659-23-026728
CIK 0001576914other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 4:16 PM ET
Size
9.4 KB
Accession
0001104659-23-026728
Insider Transaction Report
Form 4
Tasker Charles W
DirectorChief Operations Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2023-02-28$0.26/sh+460,336$119,687→ 6,198,930 total - Exercise/Conversion
Stock Appreciation Rights
2023-02-28+1,100,000→ 0 totalExercise: $0.26→ Ordinary Shares (460,336 underlying)
Holdings
- 2,428,150(indirect: By Spouse)
Ordinary Shares
Footnotes (4)
- [F1]Shareholders are advised of the following information relating to dealings in securities by a director MiX Telematics relating to the exercise of share appreciation rights ("SARs") under the MiX Telematics Limited Long-Term Incentive Plan ("LTIP"). Charles Tasker is exercising 1 100 000 SARS, equating to 460 336 ordinary shares, granted to him under the LTIP as set out in the table below, and his intention is to sell all of the 460 336 shares issued to him in respect of the LTIP. At the conclusion of this process, Charles Tasker's total shareholding will remain unchanged at 326 669 American Depositary Shares (equivalent to 8 166 744 MiX Telematics ordinary shares).
- [F2]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.
- [F3]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.
- [F4]1,100,000 Stock Appreciation Rights were exercised equating to 460,336 ordinary shares (equivalent to 18,413 ADRs) based on an intrinsic value of 2.49 Rand (equivalent to $0.14) and an exercise price of 5.95 Rand (equivalent to $0.32). The conversion prices reflects the approximate U.S. dollar conversion rate of R18.4106 per U.S Dollar as of February 28, 2023.
Documents
Issuer
MiX Telematics Ltd
CIK 0001576914
Entity typeother
Related Parties
1- filerCIK 0001809487
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 4:16 PM ET
- Size
- 9.4 KB