LESAKA TECHNOLOGIES INC — Director's Dealing 2015

Aug 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2015-08-19

Reporting Person: Soma Nitin (Vice President, IT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-08-19	Common Stock	A	12000	$0.0	Acquired	54661	Direct

Footnotes

F1: Represents a grant of restricted stock. Vesting is subject to: (A) recipient's employment with the Company through to the date it files its 2018 Form 10-K; (B) if that condition is satisfied, then the shares will vest based on the level of Fundamental EPS the Company achieves for fiscal 2018 ("2018 FEPS"), as follows: (i) one-third if the Company achieves 2018 FEPS of $2.88; (ii) two-thirds if the Company achieves 2018 FEPS of $3.30; and (iii) all of the shares if the Company achieves 2018 FEPS of $3.76. At levels of 2018 FEPS greater than $2.88 and less than $3.76, the number of shares that will vest will be determined by linear interpolation relative to 2018 FEPS of $3.30. Any shares that do not vest in accordance with the above-described conditions will be forfeited.