Christopher J. Noyes - Mar 15, 2023 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
SVP, CHIEF FINANCIAL OFFICER
Signature
/s/ John M. Winter, Attorney-in-Fact
Stock symbol
LILA
Transactions as of
Mar 15, 2023
Transactions value $
-$457,677
Form type
4
Date filed
3/17/2023, 04:35 PM
Previous filing
Mar 3, 2023
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class A Common Shares Award $0 +7.62K +5.33% $0.00 151K Mar 15, 2023 Direct F1
transaction LILA Class A Common Shares Options Exercise $0 +12K +7.93% $0.00 163K Mar 15, 2023 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +17.4K +10.67% $0.00 180K Mar 15, 2023 Direct F2
transaction LILA Class A Common Shares Tax liability -$153K -19.1K -10.62% $8.02 161K Mar 15, 2023 Direct
transaction LILA Class C Common Shares Award $0 +15.2K +3.98% $0.00 398K Mar 15, 2023 Direct F1
transaction LILA Class C Common Shares Options Exercise $0 +23.9K +6% $0.00 422K Mar 15, 2023 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +34.7K +8.22% $0.00 457K Mar 15, 2023 Direct F2
transaction LILA Class C Common Shares Tax liability -$304K -38.2K -8.37% $7.96 419K Mar 15, 2023 Direct
holding LILA Class A Common Shares 20K Mar 15, 2023 By IRA
holding LILA Class C Common Shares 753 Mar 15, 2023 By IRA
holding LILA Class C Common Shares 9.06K Mar 15, 2023 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 Options Exercise -12K -50% 12K Mar 15, 2023 Class A Common Shares 12K Direct F2, F3
transaction LILA Restricted Share Units A Options Exercise -17.4K -33.33% 34.7K Mar 15, 2023 Class A Common Shares 17.4K Direct F2, F4
transaction LILA Restricted Share Units C Options Exercise -23.9K -50% 23.9K Mar 15, 2023 Class C Common Shares 23.9K Direct F2, F3
transaction LILA Restricted Share Units C Options Exercise -34.7K -33.33% 69.4K Mar 15, 2023 Class C Common Shares 34.7K Direct F2, F4
transaction LILA Restricted Share Units A Award +952 952 Mar 15, 2023 Class A Common Shares 952 Direct F2, F5
transaction LILA Restricted Share Units C Award +1.91K 1.91K Mar 15, 2023 Class C Common Shares 1.91K 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 2022 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 RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024.
F4 The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025.
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 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.