Form 4 for LILA Liberty Latin America Ltd.
Accepted 2022-03-17 00:00:00 ET · period of report 2022-03-15 · accession 0001712184-22-000113 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-17 | 2022-03-15 | LILA | Nair Balan | Pres, CEO, Dir | M - OptEx | — | +305.7K | 993.5K | +44% | — |
| DM | 2022-03-17 | 2022-03-15 | LILA | Nair Balan | Pres, CEO, Dir | F - Tax | $9.62 | -251.2K | 849.9K | -23% | -$2.42M |
| DM | 2022-03-17 | 2022-03-15 | LILA | Nair Balan | Pres, CEO, Dir | A - Grant | $0.00 | +265.3K | 966.6K | +38% | $0 |
| DM | 2022-03-17 | 2022-03-15 | LILA | Nair Balan | Pres, CEO, Dir | M - OptEx | — | -305.7K | 124.3K | -71% | — |
| DM | 2022-03-17 | 2022-03-15 | LILA | Nair Balan | Pres, CEO, Dir | A - Grant | — | +33.2K | 22.1K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Shares | 2022-03-15 | M | A | 31,087 | — | 562,839 | D | — | — | (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. |
| 2 | Common | Class C Common Shares | 2022-03-15 | M | A | 62,172 | — | 962,206 | D | — | — | (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. |
| 3 | Common | Class C Common Shares | 2022-03-15 | F | D | 41,026 | $9.62 | 921,180 | D | — | — | |
| 4 | Common | Class A Common Shares | 2022-03-15 | M | A | 68,824 | — | 531,752 | D | — | — | (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. |
| 5 | Common | Class C Common Shares | 2022-03-15 | M | A | 143,629 | — | 993,490 | D | — | — | (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. |
| 6 | Common | Class C Common Shares | 2022-03-15 | F | D | 93,456 | $9.62 | 900,034 | D | — | — | |
| 7 | Common | Class A Common Shares | 2022-03-15 | A | A | 88,420 | $0.00 | 462,928 | D | — | — | (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). |
| 8 | Common | Class C Common Shares | 2022-03-15 | A | A | 176,840 | $0.00 | 966,553 | D | — | — | (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). |
| 9 | Common | Class C Common Shares | 2022-03-15 | F | D | 116,692 | $9.62 | 849,861 | D | — | — | |
| 10 | Derivative | Restricted Share Units A | 2022-03-15 | M | D | 68,824 | — | 68,824 | D | — · — to — | 68,824 Class A Common 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. |
| 11 | Derivative | Restricted Share Units C | 2022-03-15 | M | D | 143,629 | — | 143,628 | D | — · — to — | 143,629 Class C Common 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. |
| 12 | Derivative | Restricted Share Units A | 2022-03-15 | M | D | 31,087 | — | 62,170 | D | — · — to — | 31,087 Class A Common 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. (F4) The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024. |
| 13 | Derivative | Restricted Share Units C | 2022-03-15 | M | D | 62,172 | — | 124,342 | D | — · — to — | 62,172 Class C Common 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. (F4) The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024. |
| 14 | Derivative | Restricted Share Units A | 2022-03-15 | A | A | 11,052 | — | 11,052 | D | — · — to — | 11,052 Class A Common 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. (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. |
| 15 | Derivative | Restricted Share Units C | 2022-03-15 | A | A | 22,105 | — | 22,105 | D | — · — to — | 22,105 Class C Common 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. (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. |