Net1 UEPS Technologies, Inc.: Form 144 - Filed by Newsfilecorp.com
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549

FORM 144

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

OMB APPROVAL
 

OMB Number:    3235-0101

Expires:    December 31, 2009

Estimated average burden hours per response . . . . 2.00

 

 
 

SEC USE  ONLY
 

DOCUMENT SEQUENCE NO.

 
 

CUSIP NUMBER

ATTENTION:  

Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

  
 

1 (a) NAME OF ISSUER (Please type or print)

(b) IRS IDENT. NO.

(c) S.E.C. FILE NO.

WORK LOCATION

Net 1 UEPS Technologies, Inc. (UEPS)

 98-0171860 000-31203

 

       

1 (d) ADDRESS OF ISSUER

STREET CITY STATE ZIP CODE

(e) TELEPHONE NO.

President Place, 4th Floor, Cnr, Jan Smuts Avenue and Bolton Road, Rosebank Johannesburg South Africa  

2711

343-2000

 

 

 

2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD

(b) RELATIONSHIP TO ISSUER

(c) ADDRESS  

 STREET CITY STATE ZIP CODE

Nitin Soma

Officer

President Place, 4th Floor, Cnr. Jan Smuts Avenue and Bolton Road

INSTRUCTION:  The person filing this notice should contact the issuer to obtain the IRS Identification Number and the SEC File Number.

3 (a)

(b)

SEC USE ONLY

(c)

(d)

(e)

(f)

(g)

Title of the
Class of
Securities
To Be Sold

Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities

Broker-Dealer
File Number

Number of Shares
or Other Units
To Be Sold

Aggregate
Market
Value

Number of Shares
or Other Units
Outstanding

Approximate
Date of Sale

Name of Each
Securities
Exchange

(See instr. 3(f))
(See instr. 3(c)) (See instr. 3(d)) (See Instr. 3(e)) (MO. DAY   YR..) (See instr. 3(g))

Common Stock

 Stifel Nicolaus & Company
Incorporated, 18 Columbia Turnpike,
Florham Park, NJ 07932

150,002

2,884,538

45,378,397

03/11/2010 -
03/31/2010

Nasdaq

INSTRUCTIONS:

1.

(a)

Name of issuer

(b)

Issuer’s I.R.S. Identification Number 

(c)     Issuer’s S.E.C. file number, if any

(d)     Issuer’s address, including zip code

(e)

Issuer’s telephone number, including area code

2.

(a)

Name of person for whose account the securities are to be sold

(b)    Such person's Social Security or I.R.S identification number

(c)

Such person’s relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)

(d)

Such person’s address, including zip code

3.

(a)

Title of the class of securities to be sold

(b)

Name and address of each broker through whom the securities are intended to be sold

(c)

Number of shares or other units to be sold (if debt securities, give the aggregate face amount)

(d)

Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice

(e)

Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer

(f)

Approximate date on which the securities are to be sold (g) Name of each securities exchange, if any, on which the securities are intended to be sold

(g)

Name of each securities exchange, if any, on which the securities are intended to be sold.

  Potential persons who are to respond to the collection of information contained in this form are not
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SEC 1147 (08-07)  
 

TABLE I — SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of
the Class

Date You
Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired
(If gift, also give date donor acquired)

Amount of
Securities Acquired

Date of
Payment

Nature of Payment

             

Common Stock

Various

Other stock based awards and stock options

Issued to Nitin Soma by Company

150,002

Various

Cash

             

INSTRUCTIONS:  

If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given.  If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

   

TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS
 Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of
Securities Sold

Gross Proceeds

Not applicable

 

      

 

 

 

REMARKS:  

 

 

 

 

 

INSTRUCTIONS:

 

ATTENTION:

See the definition of “person” in paragraph (a) of Rule 144.  Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition.  In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

 

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

 

 

  
 

03/10/2010

  

 

/s/ Nitin Soma

DATE OF NOTICE

 

 SIGNATURE

The notice shall be signed by the person for whose account the securities are to be sold.  At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.

ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001).