SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol NET 1 UEPS TECHNOLOGIES INC [ UEPS ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 04/01/2020 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | ||||||
| Common Stock | 04/01/2020 | S | 17,534 | D | $3.25 | 1,757,027 | I | See Footnotes(1)(6) | ||
| Common Stock | 04/01/2020 | S | 1,466 | D | $3.25 | 193,006 | I | See Footnotes(2)(5)(6) | ||
| Common Stock | 2,644,224 | I | See Footnotes(3)(6) | |||||||
| Common Stock | 102,872 | I | See Footnotes(4)(5)(6) | |||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. 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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. Shares of the common stock (the "Shares") of Net 1 UEPS Technologies Inc. held directly by IVA International Fund, a series of IVA Fiduciary Trust ("IVA International"). International Value Advisers, LLC ("IVA") serves as the investment adviser to IVA International. |
| 2. Shares of the issuer held directly by IVA Overseas Master Fund, L.P. ("IVA Overseas") IVA serves as the investment adviser to IVA Overseas and is the managing member of IVA Overseas's general partner. |
| 3. Shares of the Issuer held directly by IVA Worldwide Fund, a series of IVA Fiduciary Trust ("IVA Worldwide) and together with IVA International, the "Mutual Funds". IVA serves as the investment adviser of IVA Worldwide. |
| 4. Shares of the issuer held directly by IVA Global Fund (Delaware), L.P. ("IVA Global") and together with IVA Overseas, the "Partnerships". IVA serves as the investment adviser to IVA Global and is the managing member of IVA Global's general partner. |
| 5. IVA, as the managing member of the Partnerships' general partners may be deemed to have an indirect pecuniary interest in the general partners' proportionate interest in the Shares of the Issuer owned directly by the Partnerships. |
| 6. Charles de Vaulx and Charles de Lardemelle, as co-Chief Investment Officers and managing members of IVA may be deemed to have an indirect pecuniary interest in their proportionate interest in the Shares of the Issuer owned by the Mutual Funds and Partnerships. Each of IVA, Mr. de Vaulx and Mr. de Lardemelle disclaims Section 16 beneficial ownership of the Shares of the Issuer held directly by the Mutual Funds and Partnerships except to the extent of their pecuniary interest therein. |
| Remarks: |
| IVA serves as investment adviser to certain unaffiliated separately managed accounts (the "Managed Accounts"). IVA only receives an asset-based management fee from advising the Managed Accounts and therefore does not have any pecuniary interest in the Shares of the Issuer held directly by the Managed Accounts. |
| /s/ Charles de Vaulx as managing member of International Value Advisers, LLC | 04/03/2020 | |
| /s/ Charles de Vaulx | 04/03/2020 | |
| /s/ Charles de Lardemelle | 04/03/2020 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||