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Filing Details

Accession Number:: 0001062993-21-012896
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-15 16:05:36
Reporting Period:: 2021-12-13

Accepted Time:: 2021-12-15 16:05:36
SEC Url:: Form 4 Filing

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
1860296	Camagu Lincoln Mali	President Place, 4Th Floor Cnr. Jan Smuts Avenue And Bolton Road Rosebank, Johannesburg, Fc T3 T3	Ceo: Southern Africa	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-12-13	24,006	$5.63	291,726	No	4	P	Direct
Common Stock	Acquisiton	2021-12-13	31,283	$0.00	323,009	No	4	A	Direct
Common Stock	Acquisiton	2021-12-13	7,277	$0.00	330,286	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	A	Direct
No	4	A	Direct

Footnotes

The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 88.53 to ZAR 90.0 on December 13, 2021. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.
Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Mali's February 5, 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 ZAR 6.25 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.