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Dealings in securities by directors
FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE 000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
("FSR")
DEALINGS IN SECURITIES BY DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following information is disclosed:
Director : Sizwe Errol Nxasana
Company : FirstRand Limited
Date of transaction : 15 September 2014
Nature of transaction : Settlement of conditional share plan ("CSP") award in cash
Class of securities : Ordinary shares in terms of CSP
Settlement price : R43.98
Number of conditional shares
constituting the original award : 576 567
Number of conditional shares settled
in cash : 576 567
Price of original award : R20.17
Award date : 13 September 2011
Vesting date : 13 September 2014
Period of vesting : 36 months – in full
Value of original award : R11 629 356.39
Value of settlement : R25 357 416.67
Directors’ interest : Direct beneficial
Clearance obtained : Yes
The restriction on the conditional shares was lifted on 13 September 2014. Mr Nxasana elected settlement in cash
of the award.
Date of transaction : 15 September 2014
Nature of transaction : Settlement of CSP award in cash
Class of securities : Ordinary shares In terms of CSP
Settlement price : R45.20
Number of conditional shares
constituting the original award : 194 325
Number of conditional shares settled
in cash : 194 325
Price of original award : R27.7886
Award date : 11 September 2012
Vesting date : 11 September 2014
Period of vesting : 24 months – in full
Value of original award : R5 400 019.70
Value of Settlement : R8 783 490.00
Directors’ interest : Direct beneficial
Clearance obtained : Yes
40% of Mr Nxasana’s variable pay award in 2012 was deferred in conditional shares, totalling 194 325.
The restriction on the conditional shares was lifted on 11 September 2014. Mr Nxasana elected settlement in cash
of the award.
The cash proceeds of both transactions will be used by Mr Nxasana to settle the tax liability incurred on both
awards and to fulfil other financial obligations.
This transaction represents 11.1% of Mr Nxasana total holding of FirstRand ordinary shares at 15 September 2014.
Director : Johan Petrus Burger
Company : FirstRand Limited
Date of transaction : 15 September 2014
Nature of transaction : Settlement of CSP award in cash and shares (on-market purchase
of shares by FSR)
Class of securities : Ordinary shares in terms of CSP
Settlement Price : R43.98
Number of conditional shares
constituting the original award : 461 870
Number of conditional shares settled
in cash : 381 870
On-market purchase of
FSR ordinary shares : 80 000
Price of original award : R20.17
Award date : 13 September 2011
Vesting date : 13 September 2014
Period of vesting : 36 months – in full
Value of original award : R9 315 917.90
Value of shares purchased : R3 518 400.00
Value of cash settlement : R16 794 642.60
Directors’ interest : Direct beneficial
Clearance obtained : Yes
The restriction on the conditional shares was lifted on 13 September 2014. Mr Burger elected settlement in cash for
part and elected to acquire the remainder of the shares constituting the award.
Date of transaction : 15 September 2014
Nature of transaction : Settlement of CSP award in cash
Class of securities : Ordinary shares in terms of CSP
Settlement price : R45.20
Number of conditional shares
constituting the original award : 174 173
Number of conditional shares settled
in cash : 174 173
Price or original award : R27.7886
Award date : 11 September 2012
Vesting date : 11 September 2014
Period of vesting : 24 months – in full
Value of original award : R4 840 023.83
Value of settlement : R7 872 619.60
Directors’ interest : Direct beneficial
Clearance obtained : Yes
40% of Mr Burger’s variable pay award in 2012 was deferred in conditional shares, totalling 174 173.
The restriction on the conditional shares was lifted on 11 September 2014. Mr Burger elected settlement in cash of
the award.
The cash proceeds of both transactions will be utilised by Mr Burger to settle the tax liability incurred on both
awards, to fund the purchase of shares and to fulfil other financial obligations.
This cash settlement represents 7.8% of Mr Burger’s total holding of FirstRand ordinary shares at 15 September
2014.
Director : Hetash Surendrakumar Kellan
Company : FirstRand Limited
Date of transaction : 15 September 2014
Nature of transaction : Settlement of CSP award in cash and shares (on-market purchase
of shares by FSR)
Class of securities : Ordinary shares in terms of CSP
Settlement price : R43.98
Number of conditional shares
constituting the original award : 174 484
Number of conditional shares settled
in cash : 97 917
On-market purchase of
FSR ordinary shares : 76 567
Price of original award : R20.17
Award date : 13 September 2011
Vesting date : 13 September 2014
Period of vesting : 36 months – in full
Value of original award : R3 519 342.28
Value of shares purchased : R3 367 416.67
Value of cash settlement : R4 306 389.66
Directors’ interest : Direct beneficial
Clearance obtained : Yes
The restriction on the conditional shares was lifted on 13 September 2014. Mr Kellan elected settlement in cash for
part and elected to acquire the remainder of the shares constituting the award.
Date of transaction : 15 September 2014
Nature of transaction : Settlement of CSP award in cash
Class of securities : Ordinary shares in terms of CSP
Settlement price : R45.20
Number of conditional shares
constituting the original award : 26 000
Number of conditional shares settled
in cash : 26 000
Price or original award : R27.7886
Award date : 11 September 2012
Vesting date : 11 September 2014
Period of vesting : 24 months – in full
Value of original award : R722 503.60
Value of settlement : R1 175 200.00
Directors’ interest : Direct beneficial
Clearance obtained : Yes
40% of Mr Kellan’s variable pay award in 2012 was deferred in conditional shares, totalling 26 000.
The restriction on the conditional shares was lifted on 11 September 2014. Mr Kellan elected settlement in cash of
the award.
The cash proceeds of both transactions will be utilised by Mr Kellan to settle the tax liability incurred on both
awards, to fund the purchase of shares and to fulfil other financial obligations.
The cash settlement represents 12.7% of Mr Kellan’s total holding of FirstRand ordinary shares at 15 September
2014
Sandton
17 September 2014
Sponsor
RAND MERCHANT BANK (a division of the FirstRand Bank Limited)
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