SEC Form 4 · accession 0001062993-18-003709
LESAKA TECHNOLOGIES INC · LSAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phil-Hyun Oh
Officer — President of KSNET
Period of report
Jun 30, 2018
Accepted (ET)
Sep 11, 2018 · 5:30 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 | Jun 30, 2018 | D | 12,000 | $0.00 | D | 15,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $6.20 | Sep 7, 2018 | A | 27,000 | A | — | Sep 7, 2028 | Common Stock | 27,000 | 27,000 | D |
Explanation of responses
- F1Represents forfeiture of restricted stock as of June 30, 2018. Vesting was subject to: (A) recipient's continued employment with the Company through to the date it filed its 2018 Form 10-K; (B) if that condition is satisfied, then the shares would have vested based on the agreed levels of Fundamental EPS for fiscal 2018 ("2018 FEPS"), with the minimum target set at 2018 FEPS of $2.88. The Company did not achieve even the minimum 2018 FEPS target and therefore the award was forfeited.
- F2Subject to the recipient's continuous service through the applicable vesting date, one third of the options vest on each of the first, second and third anniversaries of the grant date, September 7, 2018.