BRIAN D. ZOOK - 15 Mar 2022 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
MD, CHIEF ACCOUNTING OFFICER
Signature
/s/ John M. Winter, Attorney-in-Fact
Issuer symbol
LILA
Transactions as of
15 Mar 2022
Net transactions value
-$141,564
Form type
4
Filing time
17 Mar 2022, 09:10:55 UTC
Previous filing
15 Mar 2022
Next filing
19 Sep 2022
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 +7,962 +56% $0.000000 22,203 15 Mar 2022 Direct F1
transaction LILA Class A Common Shares Tax liability $22,283 -2,302 -10% $9.68 19,901 15 Mar 2022 Direct
transaction LILA Class C Common Shares Award $0 +15,926 +52% $0.000000 46,403 15 Mar 2022 Direct F1
transaction LILA Class C Common Shares Tax liability $47,186 -4,905 -11% $9.62 41,498 15 Mar 2022 Direct
transaction LILA Class A Common Shares Options Exercise +5,824 +29% 25,725 15 Mar 2022 Direct F2
transaction LILA Class A Common Shares Tax liability $16,301 -1,684 -6.5% $9.68 24,041 15 Mar 2022 Direct
transaction LILA Class C Common Shares Options Exercise +12,154 +29% 53,652 15 Mar 2022 Direct F2
transaction LILA Class C Common Shares Tax liability $33,795 -3,513 -6.5% $9.62 50,139 15 Mar 2022 Direct
transaction LILA Class A Common Shares Options Exercise +2,631 +11% 26,672 15 Mar 2022 Direct F2
transaction LILA Class A Common Shares Tax liability $7,366 -761 -2.9% $9.68 25,911 15 Mar 2022 Direct
transaction LILA Class C Common Shares Options Exercise +5,262 +10% 55,401 15 Mar 2022 Direct F2
transaction LILA Class C Common Shares Tax liability $14,632 -1,521 -2.7% $9.62 53,880 15 Mar 2022 Direct
holding LILA Class C Common Shares 5,306 15 Mar 2022 By 401(k) Plan
holding LILA Class C Common Shares 1,312 15 Mar 2022 By IRA
holding LILA Class A Common Shares 93 15 Mar 2022 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 -5,824 -50% 5,823 15 Mar 2022 Class A Common Shares 5,824 Direct F2, F3
transaction LILA Restricted Share Units C Options Exercise -12,154 -50% 12,152 15 Mar 2022 Class C Common Shares 12,154 Direct F2, F3
transaction LILA Restricted Share Units A Options Exercise -2,631 -33% 5,260 15 Mar 2022 Class A Common Shares 2,631 Direct F2, F4
transaction LILA Restricted Share Units C Options Exercise -5,262 -33% 10,520 15 Mar 2022 Class C Common Shares 5,262 Direct F2, F4
transaction LILA Restricted Share Units A Award +995 995 15 Mar 2022 Class A Common Shares 995 Direct F2, F5
transaction LILA Restricted Share Units C Award +1,990 1,990 15 Mar 2022 Class C Common Shares 1,990 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 2021 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 Restricted Share Units vest in two equal semi-annual installments on March 15, 2022 and September 15, 2022.
F4 The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024.
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 2021 annual performance award program. These RSUs will vest in full on March 1, 2023, 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.