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MIXT MiX Telematics Limited

14.55
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MiX Telematics Limited NYSE:MIXT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 14.55 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

05/06/2020 11:36pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Pretorius Gert
2. Issuer Name and Ticker or Trading Symbol

MiX Telematics Ltd [ MIXT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

HOWICK CLOSE, WATERFALL PARK, BEKKER ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

6/1/2020
(Street)

MIDRAND, T3 1686
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares         689854 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Share Appreciation Rights $.3491 (1)6/1/2020  A   700000     (2)6/1/2026 Ordinary Shares 700000 (3)$0 700000 D  
Restricted Stock Units $0 (4)6/1/2020  A   300000     (5) (5)Ordinary Shares 300000 (4)$0 300000 D  

Explanation of Responses:
(1) The conversion price reflects the approximate U.S. dollar conversion rate of 5.90 Rand.
(2) Represents Stock Settled Share Appreciation Rights which shall vest upon the Issuer's Ordinary Shares achieving a compounded annual growth in the Ordinary Share price of ten percent (10%). Subject to that achievement and continued employment, these shares will vest in equal installments of 25% on June 1 of each year, with the first vesting date being June 1, 2022.
(3) Each Share Appreciation Right represents a contingent right to receive 1 Ordinary Share of the Issuer. 25 Ordinary Shares are equal to 1 American Depository Share.
(4) Each Restricted Stock Unit represents a contingent right to receive one Ordinary Share of Issuer.
(5) The Restricted Stock Units shall vest in two installments. Subject to continued employment, the first 50% shall vest on June 1, 2022 and the second 50% shall vest on June 1, 2023. Vested shares will be delivered upon settlement.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Pretorius Gert
HOWICK CLOSE, WATERFALL PARK
BEKKER ROAD
MIDRAND, T3 1686


Executive Vice President

Signatures
/s/ Gert Pretorius, by John R. Granara III, as Attorney-in-Fact6/5/2020
**Signature of Reporting PersonDate

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