Rocio Lorenzo - 15 Mar 2023 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
CCO
Signature
John M. Winter, Attorney-in-Fact
Issuer symbol
LILA
Transactions as of
15 Mar 2023
Net transactions value
$0
Form type
4
Filing time
17 Mar 2023, 16:33:19 UTC
Previous filing
03 Mar 2023
Next filing
22 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class A Common Shares Award $0 +7,623 +26% $0.000000 36,680 15 Mar 2023 Direct F1
transaction LILA Class A Common Shares Options Exercise $0 +10,418 +28% $0.000000 47,098 15 Mar 2023 Direct F2
transaction LILA Class C Common Shares Award $0 +15,247 +26% $0.000000 73,836 15 Mar 2023 Direct F1
transaction LILA Class C Common Shares Options Exercise $0 +20,834 +28% $0.000000 94,670 15 Mar 2023 Direct F2

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 -10,418 -33% 20,832 15 Mar 2023 Class A Common Shares 10,418 Direct F2, F3
transaction LILA Restricted Share Units C Options Exercise -20,834 -33% 41,666 15 Mar 2023 Class C Common Shares 20,834 Direct F2, F3
transaction LILA Restricted Share Units A Award +952 952 15 Mar 2023 Class A Common Shares 952 Direct F2, F4
transaction LILA Restricted Share Units C Award +1,905 1,905 15 Mar 2023 Class C Common Shares 1,905 Direct F2, F4
* 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 her 2022 annual performance award (the Bonus Shares).
F2 Each Restricted Share Unit (RSU) 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 RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025.
F4 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 2022 annual performance award program. These RSUs will vest in full on March 1, 2024, 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.