Balan Nair - Mar 15, 2024 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
President and CEO, Director
Signature
/s/ John M. Winter, Attorney-in-Fact
Stock symbol
LILA
Transactions as of
Mar 15, 2024
Transactions value $
-$1,892,981
Form type
4
Date filed
3/19/2024, 04:08 PM
Previous filing
Mar 14, 2024
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class A Common Shares Award $0 +36.8K +4.73% $0.00 815K Mar 15, 2024 Direct F1
transaction LILA Class A Common Shares Options Exercise $0 +31.1K +3.81% $0.00 846K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +45.1K +5.33% $0.00 891K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +3.47K +0.39% $0.00 895K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +60.1K +6.72% $0.00 955K Mar 15, 2024 Direct F2
transaction LILA Class B Common Shares Options Exercise $0 +156K +57.34% $0.00 429K Mar 15, 2024 Direct F3, F4
transaction LILA Class C Common Shares Award $0 +73.7K +5.56% $0.00 1.4M Mar 15, 2024 Direct F1
transaction LILA Class C Common Shares Options Exercise $0 +62.2K +4.45% $0.00 1.46M Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +90.3K +6.18% $0.00 1.55M Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +6.94K +0.45% $0.00 1.56M Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +120K +7.72% $0.00 1.68M Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Tax liability -$1.89M -300K -17.88% $6.31 1.38M Mar 15, 2024 Direct
holding LILA Class C Common Shares 11.8K Mar 15, 2024 By 401(k) Plan
holding LILA Class C Common Shares 1.14K Mar 15, 2024 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 -31.1K -100% 0 Mar 15, 2024 Class A Common Shares 31.1K Direct F2, F5
transaction LILA Restricted Share Units A Options Exercise -45.1K -50% 45.1K Mar 15, 2024 Class A Common Shares 45.1K Direct F2, F6
transaction LILA Restricted Share Units A Options Exercise -3.47K -50% 3.47K Mar 15, 2024 Class A Common Shares 3.47K Direct F2, F6
transaction LILA Restricted Share Units A Options Exercise -60.1K -33.33% 120K Mar 15, 2024 Class A Common Shares 60.1K Direct F2, F7
transaction LILA Restricted Share Units B Options Exercise -156K -100% 0 Mar 15, 2024 Class B Common Shares 156K Direct F4
transaction LILA Restricted Share Units C Options Exercise -62.2K -100% 0 Mar 15, 2024 Class C Common Shares 62.2K Direct F2, F5
transaction LILA Restricted Share Units C Options Exercise -90.3K -50% 90.3K Mar 15, 2024 Class C Common Shares 90.3K Direct F2, F6
transaction LILA Restricted Share Units C Options Exercise -6.94K -50% 6.94K Mar 15, 2024 Class C Common Shares 6.94K Direct F2, F6
transaction LILA Restricted Share Units C Options Exercise -120K -33.33% 240K Mar 15, 2024 Class C Common Shares 120K Direct F2, F7
transaction LILA Restricted Share Units A Award +4.61K 4.61K Mar 15, 2024 Class A Common Shares 4.61K Direct F2, F8
transaction LILA Restricted Share Units C Award +9.21K 9.21K Mar 15, 2024 Class C Common Shares 9.21K Direct F2, F8
* 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 50% 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 2023 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 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 each Class A Common Share.
F4 Each Restricted Share Unit represents a right to receive one share of the Issuer's Class B common shares at settlement.
F5 The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024.
F6 The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025.
F7 The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026.
F8 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 2023 annual performance award program. These RSUs will vest in full on March 1, 2025, 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.