LESAKA TECHNOLOGIES INC — Director's Dealing 2010

Nov 12, 2010

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: Kotze Herman (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-10	Common Stock	A	33000	—	Disposed	59666	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	67000	Acquired	2020-11-10	Common Stock (67000)	Direct

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.