Edgar Filing: NET 1 UEPS TECHNOLOGIES INC

Ownership Submission

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

GENERAL ATLANTIC LLC

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)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
*See Remarks

(Last)

(First)

(Middle)

55 EAST 52ND STREET, 32ND FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2014

(Street)

NEW YORK, NY 10055

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/08/2014		S		48,449	D	$ 9.3	2,580,579	D ⁽¹⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		42,608	D	$ 9.3	2,269,451	D ⁽²⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		1,699	D	$ 9.3	90,520	D ⁽³⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		180	D	$ 9.3	9,613	D ⁽⁴⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		31	D	$ 9.3	1,620	D ⁽⁵⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		5,626	D	$ 9.3	299,654	D ⁽⁶⁾ ⁽⁸⁾
Common Stock	05/08/2014		S		1,407	D	$ 9.3	74,950	D ⁽⁷⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	136,433	D	$ 10.09	2,444,146	D ⁽¹⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	119,983	D	$ 10.09	2,149,468	D ⁽²⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	4,786	D	$ 10.09	85,734	D ⁽³⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	509	D	$ 10.09	9,104	D ⁽⁴⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	85	D	$ 10.09	1,535	D ⁽⁵⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	15,842	D	$ 10.09	283,812	D ⁽⁶⁾ ⁽⁸⁾
Common Stock	05/09/2014		S	V	3,962	D	$ 10.09	70,988	D ⁽⁷⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	93,699	D	$ 10.53	2,350,447	D ⁽¹⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	82,403	D	$ 10.53	2,067,065	D ⁽²⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	3,287	D	$ 10.53	82,447	D ⁽³⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	349	D	$ 10.53	8,755	D ⁽⁴⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	59	D	$ 10.53	1,476	D ⁽⁵⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	10,881	D	$ 10.53	272,931	D ⁽⁶⁾ ⁽⁸⁾
Common Stock	05/12/2014		S	V	2,722	D	$ 10.53	68,266	D ⁽⁷⁾ ⁽⁸⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

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 Underlying Securities
(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)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GENERAL ATLANTIC LLC 55 EAST 52ND STREET 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
General Atlantic Partners 80, L.P. C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
General Atlantic Partners 82, L.P. C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAPSTAR LLC C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAPCO GMBH & CO KG C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAP Coinvestments CDA, L.P. C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAP COINVESTMENTS III LLC C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAP COINVESTMENTS IV LLC C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 55 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks
GAPCO MANAGEMENT GMBH C/O GENERAL ATLANTIC SERVICE COMPANY,LLC 5 EAST 52ND STREET, 32ND FLOOR NEW YORK, NY 10055		X		*See Remarks

Signatures

/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date
/s/ Thomas J. Murphy		05/12/2014
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	By General Atlantic Partners 80, L.P. ("GAP 80").
(2)	By General Atlantic Partners 82, L.P. ("GAP 82").
(3)	By GapStar, LLC ("GapStar").
(4)	GAPCO GmbH & Co. KG ("KG").
(5)	By GAP Coinvestments CDA, L.P. ("GAPCO CDA").
(6)	By GAP Coinvestments III, LLC ("GAPCO III").
(7)	By GAP Coinvestments IV, LLC ("GAPCO IV").
(8)	General Atlantic LLC ("GA LLC") is the general partner of GAP 80, GAP 82 and GAPCO CDA and is also the managing member of GAPCO III and GAPCO IV. GAPCO Management GmbH ("GmbH Management") is the general partner of KG. The officers of GapStar are managing directors of GA LLC. Certain managing directors of GA LLC make investment decisions for GmbH Management, which may be deemed to beneficially own the shares of common stock directly held by KG.
Remarks: Each of the reporting persons described in the notes above may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each reporting person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the reporting person. This report shall not be deemed an admission that the reporting persons are a member of a group or the beneficial owner of any securities not directly owned by the reporting person.

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