Christopher J. Noyes - Mar 15, 2024 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, 2024
Transactions value $
-$620,645
Form type
4
Date filed
3/19/2024, 04:16 PM
Previous filing
Mar 14, 2024
Next filing
Jul 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LILA Class A Common Shares Award $0 +13.3K +8.27% $0.00 175K Mar 15, 2024 Direct F1
transaction LILA Class A Common Shares Options Exercise $0 +12K +6.85% $0.00 187K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +17.4K +9.3% $0.00 204K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Options Exercise $0 +20.7K +10.16% $0.00 225K Mar 15, 2024 Direct F2
transaction LILA Class A Common Shares Tax liability -$207K -32.8K -14.6% $6.30 192K Mar 15, 2024 Direct
transaction LILA Class C Common Shares Award $0 +26.7K +6.32% $0.00 449K Mar 15, 2024 Direct F1
transaction LILA Class C Common Shares Options Exercise $0 +23.9K +5.33% $0.00 473K Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +34.7K +7.34% $0.00 508K Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Options Exercise $0 +41.5K +8.17% $0.00 549K Mar 15, 2024 Direct F2
transaction LILA Class C Common Shares Tax liability -$414K -65.6K -11.95% $6.31 483K Mar 15, 2024 Direct
holding LILA Class A Common Shares 20K Mar 15, 2024 By IRA
holding LILA Class C Common Shares 753 Mar 15, 2024 By IRA
holding LILA Class C Common Shares 11.8K Mar 15, 2024 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 -100% 0 Mar 15, 2024 Class A Common Shares 12K Direct F2, F3
transaction LILA Restricted Share Units A Options Exercise -17.4K -50% 17.4K Mar 15, 2024 Class A Common Shares 17.4K Direct F2, F4
transaction LILA Restricted Share Units A Options Exercise -20.7K -33.34% 41.5K Mar 15, 2024 Class A Common Shares 20.7K Direct F2, F5
transaction LILA Restricted Share Units C Options Exercise -23.9K -100% 0 Mar 15, 2024 Class C Common Shares 23.9K Direct F2, F3
transaction LILA Restricted Share Units C Options Exercise -34.7K -50% 34.7K Mar 15, 2024 Class C Common Shares 34.7K Direct F2, F4
transaction LILA Restricted Share Units C Options Exercise -41.5K -33.33% 82.9K Mar 15, 2024 Class C Common Shares 41.5K Direct F2, F5
transaction LILA Restricted Share Units A Award +1.67K 1.67K Mar 15, 2024 Class A Common Shares 1.67K Direct F2, F6
transaction LILA Restricted Share Units C Award +3.34K 3.34K Mar 15, 2024 Class C Common Shares 3.34K Direct F2, F6
* 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 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 The RSUs vest in three equal annual installments on March 15 of 2024, 2025 and 2026.
F6 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.