Home > Insider Trading > Filing (0001062993-21-011139)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1041514	Net 1 Ueps Technologies Inc	UEPS	Functions Related To Depository Banking, Nec (6099)	980171860

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1872089	G.b. Christopher Meyer	President Place, 4Th Floor Cnr. Jan Smuts Avenue And Bolton Road Rosebank, Johannesburg, Fc T3	Group Chief Executive Officer	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-11-17	5,226	$5.68	117,260	No	4	P	Indirect	Family Trust
Common Stock	Acquisiton	2021-11-17	7,034	$0.00	429,596	No	4	A	Direct
Common Stock	Acquisiton	2021-11-17	1,808	$0.00	431,404	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Family Trust
No	4	A	Direct
No	4	A	Direct

Footnotes

A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer's June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of $1.0 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.
Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.