Balan Nair - 15 Mar 2024 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
15 Mar 2024
Net transactions value
-$1,892,981
Form type
4
Filing time
19 Mar 2024, 16:08:06 UTC
Previous filing
14 Mar 2024
Next filing
25 Apr 2024
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 +36,848 +4.7% $0.000000 815,167 15 Mar 2024 Direct F1
transaction LILA Class A Common Shares Options Exercise $0 +31,085 +3.8% $0.000000 846,252 15 Mar 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +45,139 +5.3% $0.000000 891,391 15 Mar 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +3,472 +0.39% $0.000000 894,863 15 Mar 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +60,116 +6.7% $0.000000 954,979 15 Mar 2024 Direct F2
transaction LILA Class B Common Shares Options Exercise $0 +156,250 +57% $0.000000 428,750 15 Mar 2024 Direct F3, F4
transaction LILA Class C Common Shares Award $0 +73,696 +5.6% $0.000000 1,398,604 15 Mar 2024 Direct F1
transaction LILA Class C Common Shares Options Exercise $0 +62,171 +4.4% $0.000000 1,460,775 15 Mar 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +90,278 +6.2% $0.000000 1,551,053 15 Mar 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +6,944 +0.45% $0.000000 1,557,997 15 Mar 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +120,232 +7.7% $0.000000 1,678,229 15 Mar 2024 Direct F2
transaction LILA Class C Common Shares Tax liability $1,892,981 -299,997 -18% $6.31 1,378,232 15 Mar 2024 Direct
holding LILA Class C Common Shares 11,849 15 Mar 2024 By 401(k) Plan
holding LILA Class C Common Shares 1,139 15 Mar 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 -31,085 -100% 0 15 Mar 2024 Class A Common Shares 31,085 Direct F2, F5
transaction LILA Restricted Share Units A Options Exercise -45,139 -50% 45,139 15 Mar 2024 Class A Common Shares 45,139 Direct F2, F6
transaction LILA Restricted Share Units A Options Exercise -3,472 -50% 3,472 15 Mar 2024 Class A Common Shares 3,472 Direct F2, F6
transaction LILA Restricted Share Units A Options Exercise -60,116 -33% 120,232 15 Mar 2024 Class A Common Shares 60,116 Direct F2, F7
transaction LILA Restricted Share Units B Options Exercise -156,250 -100% 0 15 Mar 2024 Class B Common Shares 156,250 Direct F4
transaction LILA Restricted Share Units C Options Exercise -62,171 -100% 0 15 Mar 2024 Class C Common Shares 62,171 Direct F2, F5
transaction LILA Restricted Share Units C Options Exercise -90,278 -50% 90,278 15 Mar 2024 Class C Common Shares 90,278 Direct F2, F6
transaction LILA Restricted Share Units C Options Exercise -6,944 -50% 6,944 15 Mar 2024 Class C Common Shares 6,944 Direct F2, F6
transaction LILA Restricted Share Units C Options Exercise -120,232 -33% 240,464 15 Mar 2024 Class C Common Shares 120,232 Direct F2, F7
transaction LILA Restricted Share Units A Award +4,606 4,606 15 Mar 2024 Class A Common Shares 4,606 Direct F2, F8
transaction LILA Restricted Share Units C Award +9,212 9,212 15 Mar 2024 Class C Common Shares 9,212 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.