Brian D. Zook - Mar 15, 2022 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
MD, CHIEF ACCOUNTING OFFICER
Signature
/s/ John M. Winter, Attorney-in-Fact
Stock symbol
LILA
Transactions as of
Mar 15, 2022
Transactions value $
-$141,564
Form type
4
Date filed
3/17/2022, 09:10 AM
Previous filing
Mar 15, 2022
Next filing
Sep 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class A Common Shares Award $0 +7.96K +55.91% $0.00 22.2K Mar 15, 2022 Direct F1
transaction LILA Class A Common Shares Tax liability -$22.3K -2.3K -10.37% $9.68 19.9K Mar 15, 2022 Direct
transaction LILA Class C Common Shares Award $0 +15.9K +52.26% $0.00 46.4K Mar 15, 2022 Direct F1
transaction LILA Class C Common Shares Tax liability -$47.2K -4.91K -10.57% $9.62 41.5K Mar 15, 2022 Direct
transaction LILA Class A Common Shares Options Exercise +5.82K +29.26% 25.7K Mar 15, 2022 Direct F2
transaction LILA Class A Common Shares Tax liability -$16.3K -1.68K -6.55% $9.68 24K Mar 15, 2022 Direct
transaction LILA Class C Common Shares Options Exercise +12.2K +29.29% 53.7K Mar 15, 2022 Direct F2
transaction LILA Class C Common Shares Tax liability -$33.8K -3.51K -6.55% $9.62 50.1K Mar 15, 2022 Direct
transaction LILA Class A Common Shares Options Exercise +2.63K +10.94% 26.7K Mar 15, 2022 Direct F2
transaction LILA Class A Common Shares Tax liability -$7.37K -761 -2.85% $9.68 25.9K Mar 15, 2022 Direct
transaction LILA Class C Common Shares Options Exercise +5.26K +10.49% 55.4K Mar 15, 2022 Direct F2
transaction LILA Class C Common Shares Tax liability -$14.6K -1.52K -2.75% $9.62 53.9K Mar 15, 2022 Direct
holding LILA Class C Common Shares 5.31K Mar 15, 2022 By 401(k) Plan
holding LILA Class C Common Shares 1.31K Mar 15, 2022 By IRA
holding LILA Class A Common Shares 93 Mar 15, 2022 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LILA Restricted Share Units A Options Exercise -5.82K -50% 5.82K Mar 15, 2022 Class A Common Shares 5.82K Direct F2, F3
transaction LILA Restricted Share Units C Options Exercise -12.2K -50% 12.2K Mar 15, 2022 Class C Common Shares 12.2K Direct F2, F3
transaction LILA Restricted Share Units A Options Exercise -2.63K -33.34% 5.26K Mar 15, 2022 Class A Common Shares 2.63K Direct F2, F4
transaction LILA Restricted Share Units C Options Exercise -5.26K -33.34% 10.5K Mar 15, 2022 Class C Common Shares 5.26K Direct F2, F4
transaction LILA Restricted Share Units A Award +995 995 Mar 15, 2022 Class A Common Shares 995 Direct F2, F5
transaction LILA Restricted Share Units C Award +1.99K 1.99K Mar 15, 2022 Class C Common Shares 1.99K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer's annual performance award program includes a shareholder incentive program that allows participants, including the Reporting Person, to receive up to 100% of their annual performance awards in common shares of the Issuer in lieu of cash; thereby, aligning our employees' interests and our shareholders. These shares represent the Reporting Person's election to receive such common shares in respect of his 2021 annual performance award (the Bonus Shares).
F2 Each Restricted Share Unit represents a right to receive one share of the Issuer's Class A common shares or Class C common shares, as the case may be, at settlement.
F3 The Restricted Share Units vest in two equal semi-annual installments on March 15, 2022 and September 15, 2022.
F4 The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024.
F5 Based on the Reporting Person's share election described in footnote 1, the Reporting Person also received RSUs equal to 12.5% of the Bonus Shares pursuant to the shareholder incentive program of the 2021 annual performance award program. These RSUs will vest in full on March 1, 2023, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.

Remarks:

The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK.