FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Liberty Latin America Ltd. [ LILA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/15/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Shares | 03/15/2023 | A | 7,623(1) | A | $0(1) | 36,680 | D | |||
Class A Common Shares | 03/15/2023 | M | 10,418 | A | $0(2) | 47,098 | D | |||
Class C Common Shares | 03/15/2023 | A | 15,247(1) | A | $0(1) | 73,836 | D | |||
Class C Common Shares | 03/15/2023 | M | 20,834 | A | $0(2) | 94,670 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Share Units A | (2) | 03/15/2023 | M | 10,418 | (3) | (3) | Class A Common Shares | 10,418 | (2) | 20,832 | D | ||||
Restricted Share Units C | (2) | 03/15/2023 | M | 20,834 | (3) | (3) | Class C Common Shares | 20,834 | (2) | 41,666 | D | ||||
Restricted Share Units A | (2) | 03/15/2023 | A | 952 | 03/01/2024(4) | 03/01/2024(4) | Class A Common Shares | 952 | (2) | 952 | D | ||||
Restricted Share Units C | (2) | 03/15/2023 | A | 1,905 | 03/01/2024(4) | 03/01/2024(4) | Class C Common Shares | 1,905 | (2) | 1,905 | D |
Explanation of Responses: |
1. 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 her 2022 annual performance award (the Bonus Shares). |
2. Each Restricted Share Unit (RSU) 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. |
3. The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. |
4. 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 2022 annual performance award program. These RSUs will vest in full on March 1, 2024, 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. |
John M. Winter, Attorney-in-Fact | 03/17/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |