LESAKA TECHNOLOGIES INC — Director's Dealing 2016

Aug 29, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2016-08-25

Reporting Person: Belamant Serge (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-25	Common Stock	A	200000	$0.0	Acquired	662425	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	725799	Indirect

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 2019 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 2019 ("2019 FEPS"), as follows: (i) one-third if the Company achieves 2019 FEPS of $2.60; (ii) two-thirds if the Company achieves 2019 FEPS of $2.80; and (iii) all of the shares if the Company achieves 2019 FEPS of $3.00. At levels of 2019 FEPS greater than $2.60 and less than $3.00, the number of shares that will vest will be determined by linear interpolation relative to 2019 FEPS of $3.00. Any shares that do not vest in accordance with the above-described conditions will be forfeited.

F2: 725,799 shares of common stock are held by the CI Law Trustees Limited for the San Roque Trust dated 8/18/92. Mr. Belamant, as proxy of CI Law Trustees, has the power to vote all of the CI Law Trustees' shares.