Form 4 for LSAK LESAKA TECHNOLOGIES INC
Accepted 2021-12-15 00:00:00 ET · period of report 2021-12-13 · accession 0001062993-21-012896 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021-12-15 | 2021-12-13 | LSAK | Mali Lincoln Camagu | CEO: Southern Africa | P - Purchase | $5.63 | +24.0K | 291.7K | +9% | +$135.2K | |
| M | 2021-12-15 | 2021-12-13 | LSAK | Mali Lincoln Camagu | CEO: Southern Africa | A - Grant | $0.00 | +38.6K | 330.3K | +13% | $0 |
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 | 2021-12-13 | P | A | 24,006 | $5.63 | 291,726 | D | — | — | (F1) The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transactions. Purchase prices for the transactions reported here range from ZAR 88.53 to ZAR 90.0 on December 13, 2021. 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. |
| 2 | Common | Common Stock | 2021-12-13 | A | A | 31,283 | $0.00 | 323,009 | D | — | — | (F2) Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Mali's February 5, 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 ZAR 6.25 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 | 2021-12-13 | A | A | 7,277 | $0.00 | 330,286 | 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. |