Powerfleet, Inc. — Director's Dealing 2021

Mar 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2021-03-16

Reporting Person: MAVROMMATIS NED (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-16	Common Stock, par value $0.01 per share	M	16863	$5.93	Acquired	280425	Direct
2021-03-16	Common Stock, par value $0.01 per share	M	24339	$5.71	Acquired	304764	Direct
2021-03-16	Common Stock, par value $0.01 per share	M	30000	$4.37	Acquired	334764	Direct
2021-03-16	Common Stock, par value $0.01 per share	M	46112	$6.00	Acquired	380876	Direct
2021-03-16	Common Stock, par value $0.01 per share	F	71464	$9.05	Disposed	309412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-16	Employee Stock Options (right to buy	$5.93	M	16863	Disposed	2022-03-30	Common Stock, par value $0.01 per share (16863)	Direct
2021-03-16	Employee Stock Options (right to buy	$5.71	M	24339	Disposed	2023-04-05	Common Stock, par value (24339)	Direct
2021-03-16	Employee Stock Options (right to buy	$4.37	M	30000	Disposed	2026-03-24	Common Stock, par value (30000)	Direct
2021-03-16	Employee Stock Options (right to buy	$6.00	M	46112	Disposed	2027-02-17	Common Stock, par value $0.01 per share (46112)	Direct

Footnotes

F1: These shares of common stock, par value $0.01 per share (the "Common Stock") of PowerFleet, Inc. (the "Company") were withheld by the Company to pay the exercise price of the options exercised, as reported herein, and to satisfy tax withholding obligations.

F2: These options vested in equal increments over a four-year period commencing on the April 3, 2013, such that 25% of the options vested on the first, second, third and fourth anniversaries of the grant date.

F3: These options vested in equal increments over a four-year period commencing on the March 24, 2016, such that 25% of the options vested on the first, second, third and fourth anniversaries of the grant date.

F4: These options vested in equal increments over a four-year period commencing on the February 17, 2017, such that 25% of the options vested on the first, second, third and fourth anniversaries of the grant date.