Form 4 for LSAK LESAKA TECHNOLOGIES INC
Accepted 2021-11-18 00:00:00 ET · period of report 2021-11-17 · accession 0001062993-21-011139 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2021-11-18 | 2021-11-17 | LSAK | Meyer Christopher G.B. | Group CEO, Dir | A - Grant | $0.00 | +8,842 | 429.6K | +2% | $0 |
| I | 2021-11-18 | 2021-11-17 | LSAK | Meyer Christopher G.B. | Group CEO, Dir | P - Purchase | $5.68 | +5,226 | 117.3K | +5% | +$29.7K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-11-17 | A | A | 1,808 | $0.00 | 431,404 | D | — | — | (F3) 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. |
| 2 | Common | Common Stock | 2021-11-17 | A | A | 7,034 | $0.00 | 429,596 | D | — | — | (F2) 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. |
| 3 | Common | Common Stock | 2021-11-17 | P | A | 5,226 | $5.68 | 117,260 | I Family Trust | — | — | (F1) 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. |