LESAKA TECHNOLOGIES INC — Director's Dealing 2014

Jun 17, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2014-06-13

Reporting Person: Seabrooke Christopher Stefan (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-13	Common Stock	S	7487	$11.24	Disposed	15768	Direct
2014-06-13	Common Stock	S	36297	$11.29	Disposed	146489	Indirect
2014-06-16	Common Stock	S	69989	$11.23	Disposed	76500	Indirect

Footnotes

F1: The common stock sold includes (i) 817 shares which were part of an original grant of 2,044 restricted shares, which becomes transferable in five equal annual installments commencing May 8, 2012; (ii) 1,349 shares which were part of an original grant of 4,045 restricted shares, which becomes transferable in three equal annual installments commencing August 27, 2013; (iii) 3,035 shares which were part of an original grant of 9,104 restricted shares, which becomes transferable in three equal annual installments commencing August 26, 2013; and (iv) 2,286 shares which were part of an original grant of 6,857 restricted shares, which becomes transferable in three equal annual installments commencing August 22, 2013.

F2: Sale prices for the transactions reported here range from $11.20 to $11.31. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

F3: The common stock sold was indirectly held by the reporting person and were part of shares described below in (5).

F4: Sale prices for the transactions reported here range from $11.19 to $11.36. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

F5: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, is a shareholder of the company whose wholly owned subsidiary acquired the common stock. The trust beneficially owns 33% of the company that holds the common stock and has the right to vote 67% of the issued shares of the company. The reporting person is one of four trustees of the trust, and all matters voted on require a simple majority. The reporting person is the chief executive of the company that holds the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F6: Sale prices for the transactions reported here range from $11.16 to $11.34. Full information regarding the number of shares sold at each separate price will be provided to the SEC, the issuer or its shareholders upon request.