Statement of Changes in Beneficial Ownership (4)
November 17 2021 - 4:11PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Meyer Christopher G.B. |
2. Issuer Name and Ticker or Trading Symbol
NET 1 UEPS TECHNOLOGIES INC
[
UEPS
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Group Chief Executive Officer |
(Last)
(First)
(Middle)
PRESIDENT PLACE, 4TH FLOOR, CNR. JAN SMUTS AVENUE AND BOLTON ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/16/2021 |
(Street)
JOHANNESBURG, FC, T3
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 11/11/2021 | | A | | 4730 (1) | A | $0 | 239338 | D | |
Common Stock | 11/11/2021 | | A | | 2211 (1) | A | $0 | 241549 | D | |
Common Stock | 11/16/2021 | | P | | 104520 | A | $5.62 (2) | 112034 | I (3) | Family Trust |
Common Stock | 11/16/2021 | | A | | 202229 (4) | A | $0 | 283371 | D | |
Common Stock | 11/16/2021 | | A | | 34671 (5) | A | $0 | 422562 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Number of shares corrected for a computational error, amounts of 4,735 and 2,213 previously reported, should be 4,730 and 2,211, respectively. |
(2) | Purchase prices for the transactions reported here range from $5.54 to $5.74. 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. |
(3) | 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. |
(4) | 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. |
(5) | 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. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Meyer Christopher G.B. PRESIDENT PLACE, 4TH FLOOR CNR. JAN SMUTS AVENUE AND BOLTON ROAD JOHANNESBURG, FC, T3 | X |
| Group Chief Executive Officer |
|
Signatures
|
/s/ Chris G.B Meyer | | 11/17/2021 |
**Signature of Reporting Person | Date |
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Net 1 Ueps Technologies (NASDAQ:UEPS)
Historical Stock Chart
From Apr 2023 to Apr 2024