MICHAEL T. FRIES - 22 Oct 2024 Form 4 Insider Report for Liberty Latin America Ltd. (LILA)

Role
Executive Chairman, Director
Signature
/s/ John M. Winter, Attorney-in-Fact
Issuer symbol
LILA
Transactions as of
22 Oct 2024
Transactions value $
$0
Form type
4
Filing time
24 Oct 2024, 16:04:36 UTC
Previous filing
15 May 2024
Next filing
15 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 -167K -100% 0 22 Oct 2024 Class A Common Shares 167K $21.58 Direct F1, F2
transaction LILA Share Appreciation Rights A Award +167K 167K 22 Oct 2024 Class A Common Shares 167K $21.58 Direct F1, F2
transaction LILA Share Appreciation Rights C Disposed to Issuer -333K -100% 0 22 Oct 2024 Class C Common Shares 333K $21.39 Direct F1, F2
transaction LILA Share Appreciation Rights C Award +333K 333K 22 Oct 2024 Class C Common Shares 333K $21.39 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.