SEC Form 4 · accession 0001062993-16-011336
LESAKA TECHNOLOGIES INC · LSAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Herman Kotze
Officer — Chief Financial Officer · Director
Period of report
Aug 25, 2016
Accepted (ET)
Aug 29, 2016 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001041514
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 25, 2016 | A | 150,000 | $0.00 | A | 288,940 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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.