Balan Nair - 22 Oct 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
22 Oct 2024
Net transactions value
$0
Form type
4
Filing time
24 Oct 2024, 16:06:24 UTC
Previous filing
26 Jul 2024
Next filing
18 Nov 2024
SEC
View on sec.gov

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 Share Appreciation Rights A Disposed to Issuer -200,000 -100% 0 22 Oct 2024 Class A Common Shares 200,000 $21.58 Direct F1, F2
transaction LILA Share Appreciation Rights A Award +200,000 200,000 22 Oct 2024 Class A Common Shares 200,000 $21.58 Direct F1, F2
transaction LILA Share Appreciation Rights A Disposed to Issuer -115,740 -100% 0 22 Oct 2024 Class A Common Shares 115,740 $18.63 Direct F1, F2
transaction LILA Share Appreciation Rights A Award +115,740 115,740 22 Oct 2024 Class A Common Shares 115,740 $18.63 Direct F1, F2
transaction LILA Share Appreciation Rights A Disposed to Issuer -122,827 -100% 0 22 Oct 2024 Class A Common Shares 122,827 $19.91 Direct F1, F2
transaction LILA Share Appreciation Rights A Award +122,827 122,827 22 Oct 2024 Class A Common Shares 122,827 $19.91 Direct F1, F2
transaction LILA Share Appreciation Rights A Disposed to Issuer -220,734 -100% 0 22 Oct 2024 Class A Common Shares 220,734 $10.42 Direct F1, F2
transaction LILA Share Appreciation Rights A Award +220,734 220,734 22 Oct 2024 Class A Common Shares 220,734 $10.42 Direct F1, F2
transaction LILA Share Appreciation Rights C Disposed to Issuer -400,000 -100% 0 22 Oct 2024 Class C Common Shares 400,000 $21.39 Direct F1, F2
transaction LILA Share Appreciation Rights C Award +400,000 400,000 22 Oct 2024 Class C Common Shares 400,000 $21.39 Direct F1, F2
transaction LILA Share Appreciation Rights C Disposed to Issuer -231,480 -100% 0 22 Oct 2024 Class C Common Shares 231,480 $18.24 Direct F1, F2
transaction LILA Share Appreciation Rights C Award +231,480 231,480 22 Oct 2024 Class C Common Shares 231,480 $18.24 Direct F1, F2
transaction LILA Share Appreciation Rights C Disposed to Issuer -245,654 -100% 0 22 Oct 2024 Class C Common Shares 245,654 $20.03 Direct F1, F2
transaction LILA Share Appreciation Rights C Award +245,654 245,654 22 Oct 2024 Class C Common Shares 245,654 $20.03 Direct F1, F2
transaction LILA Share Appreciation Rights C Disposed to Issuer -441,468 -100% 0 22 Oct 2024 Class C Common Shares 441,468 $10.48 Direct F1, F2
transaction LILA Share Appreciation Rights C Award +441,468 441,468 22 Oct 2024 Class C Common Shares 441,468 $10.48 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions involve an extension of the seven-year exercise period on existing share appreciation rights (SAR) for an additional three-year period. For Form 4 reporting purposes, this is shown as if the outstanding SAR were to be cancelled and replaced by a new SAR. However, from the Issuer's perspective, no new SAR is issued, the Issuer has only extended the expiration term on the original grant, with the same pricing and other terms continuing to apply.
F2 Vesting and exercise of the existing SAR has not changed as a result of the extension and therefore the SAR continues to be immediately exercisable.

Remarks:

The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK.