LESAKA TECHNOLOGIES INC — Director's Dealing 2021

Nov 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2021-11-16

Reporting Person: Meyer Christopher G.B. (Director, Group Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-11	Common Stock	A	4730	—	Acquired	239338	Direct
2021-11-11	Common Stock	A	2211	—	Acquired	241549	Direct
2021-11-16	Common Stock	P	104520	$5.62	Acquired	112034	Indirect
2021-11-16	Common Stock	A	202229	—	Acquired	283371	Direct
2021-11-16	Common Stock	A	34671	—	Acquired	422562	Direct

Footnotes

F1: Number of shares corrected for a computational error, amounts of 4,735 and 2,213 previously reported, should be 4,730 and 2,211, respectively.

F2: Purchase prices for the transactions reported here range from $5.54 to $5.74. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

F3: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F4: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer's June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match the reporting person's purchase of shares of its common stock up to an amount of $1.0 million ("Matching Arrangement"). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to the reporting person's employment with the Issuer on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

F5: Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuer's shares of common stock following his purchase. The shares vested on the date of grant.