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LESAKA TECHNOLOGIES INC — Director's Dealing 2010
Nov 12, 2010
33213_dirs_2010-11-12_9c64d132-540d-4dbc-87ce-e079a1cd7f19.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2010-11-10
Reporting Person: Belamant Serge (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-11-10 | Common Stock | A | 50000 | — | Disposed | 227489 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-11-10 | Employee Stock Option (Right to Buy) | $10.59 | A | 100000 | Acquired | 2020-11-10 | Common Stock (100000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 725799 | Indirect |
Footnotes
F1: Represents a grant of restricted stock approved by the Issuer's board of directors, upon recommendation of its remuneration committee, pursuant to the Amended and Restated Stock Incentive Plan. Subject to the satisfaction of certain vesting conditions related to the Issuer's financial performance and the recipient's continuous service through the applicable vesting date, one-third of the shares will vest on each of the first, second and third anniversaries of the grant date, November 10, 2010.
F2: Subject to the recipient's continuous service through the applicable vesting date, one third of the options vest on each of the first, second and third anniversaries of the grant date, November 10, 2010.