Balan Nair - 28 Jul 2022 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
President and CEO, Director
Signature
/s/ John M. Winter, Attorney-in-Fact
Issuer symbol
LILA
Transactions as of
28 Jul 2022
Net transactions value
-$891,051
Form type
4
Filing time
01 Aug 2022, 16:43:17 UTC
Previous filing
11 Jul 2022
Next filing
06 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class B Common Shares Award $0 +125,000 $0.000000 125,000 28 Jul 2022 Direct F1, F2
transaction LILA Class C Common Shares Award $0 +177,305 +19% $0.000000 1,100,090 28 Jul 2022 Direct
transaction LILA Class C Common Shares Tax liability $891,051 -124,797 -11% $7.14 975,293 28 Jul 2022 Direct
holding LILA Class C Common Shares 1,139 28 Jul 2022 By IRA
holding LILA Class C Common Shares 7,057 28 Jul 2022 By 401(k) Plan

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 Award +10,417 10,417 28 Jul 2022 Class A Common Shares 10,417 Direct F3, F4
transaction LILA Restricted Share Units C Award +20,834 20,834 28 Jul 2022 Class C Common Shares 20,834 Direct F3, F4
transaction LILA Share Appreciation Rights A Award $0 +23,132 $0.000000 23,132 28 Jul 2022 Class A Common Shares 23,132 $9.69 Direct F5
transaction LILA Share Appreciation Rights C Award $0 +46,264 $0.000000 46,264 28 Jul 2022 Class C Common Shares 46,264 $9.63 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Class B common share is convertible, at the holder's election, into one Class A common share at any time for no consideration other than the surrender of the Class B common share for the Class A common share.
F2 Class B common shares are granted pursuant to, and subject to, the terms of the Amended and Restated Employment Agreement between the Reporting Person and the Issuer, effective July 28, 2022.
F3 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.
F4 The RSUs vest in three equal annual installments on March 15 of 2023, 2024, and 2025.
F5 The SARs vest in three equal annual installments on March 15 of 2023, 2024, and 2025.

Remarks:

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