Form 4 for LILA Liberty Latin America Ltd.
Accepted 2023-03-17 00:00:00 ET · period of report 2023-03-15 · accession 0001712184-23-000059 · 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 | 2023-03-17 | 2023-03-15 | LILA | Nair Balan | Pres, CEO, Dir | M - OptEx | $0.00 | +426.6K | 1.24M | +52% | $0 |
| DM | 2023-03-17 | 2023-03-15 | LILA | Nair Balan | Pres, CEO, Dir | F - Tax | $7.97 | -207.4K | 1.15M | -15% | -$1.65M |
| DM | 2023-03-17 | 2023-03-15 | LILA | Nair Balan | Pres, CEO, Dir | A - Grant | $0.00 | +45.7K | 678.0K | +7% | $0 |
| DM | 2023-03-17 | 2023-03-15 | LILA | Nair Balan | Pres, CEO, Dir | M - OptEx | — | -426.6K | 13.9K | -97% | — |
| DM | 2023-03-17 | 2023-03-15 | LILA | Nair Balan | Pres, CEO, Dir | A - Grant | — | +5,716 | 1,905 | 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 | 2023-03-15 | M | A | 45,139 | $0.00 | 754,185 | 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 A Common Shares | 2023-03-15 | M | A | 3,473 | $0.00 | 757,658 | 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 A Common Shares | 2023-03-15 | F | D | 17,557 | $8.02 | 740,101 | D | — | — | |
| 4 | Common | Class C Common Shares | 2023-03-15 | F | D | 189,889 | $7.96 | 1,150,366 | D | — | — | |
| 5 | Common | Class C Common Shares | 2023-03-15 | A | A | 30,494 | $0.00 | 1,180,860 | 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 2022 annual performance award (the Bonus Shares). |
| 6 | Common | Class A Common Shares | 2023-03-15 | M | A | 31,085 | $0.00 | 709,046 | 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. |
| 7 | Common | Class A Common Shares | 2023-03-15 | A | A | 15,246 | $0.00 | 677,961 | 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 2022 annual performance award (the Bonus Shares). |
| 8 | Common | Class B Common Shares | 2023-03-15 | M | A | 187,500 | $0.00 | 292,500 | D | — | — | (F3) Each Class B common share is convertible, at the holder's election, into one Class A common share at any time for no consideration other than the surrender of the Class B common share for the Class A common share. (F4) Each Restricted Share Unit represents a right to receive one share of the Issuer's Class B common shares at settlement. |
| 9 | Common | Class C Common Shares | 2023-03-15 | M | A | 6,946 | $0.00 | 1,340,255 | 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. |
| 10 | Common | Class C Common Shares | 2023-03-15 | M | A | 90,278 | $0.00 | 1,333,309 | 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. |
| 11 | Common | Class C Common Shares | 2023-03-15 | M | A | 62,171 | $0.00 | 1,243,031 | 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. |
| 12 | Derivative | Restricted Share Units B | 2023-03-15 | M | D | 187,500 | — | 0 | D | — · 2023-03-15 to 2023-03-15 | 187,500 Class B Common Shares | (F4) Each Restricted Share Unit represents a right to receive one share of the Issuer's Class B common shares at settlement. |
| 13 | Derivative | Restricted Share Units A | 2023-03-15 | M | D | 31,085 | — | 31,085 | D | — · — to — | 31,085 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) The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024. |
| 14 | Derivative | Restricted Share Units A | 2023-03-15 | M | D | 45,139 | — | 90,278 | D | — · — to — | 45,139 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. (F6) The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. |
| 15 | Derivative | Restricted Share Units A | 2023-03-15 | M | D | 3,473 | — | 6,944 | D | — · — to — | 3,473 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. (F6) The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. |
| 16 | Derivative | Restricted Share Units C | 2023-03-15 | A | A | 3,811 | — | 3,811 | D | — · 2024-03-01 to 2024-03-01 | 3,811 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. (F7) 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. |
| 17 | Derivative | Restricted Share Units C | 2023-03-15 | M | D | 62,171 | — | 62,171 | D | — · — to — | 62,171 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) The RSUs vest in three equal annual installments on March 15 of 2022, 2023 and 2024. |
| 18 | Derivative | Restricted Share Units C | 2023-03-15 | M | D | 90,278 | — | 180,556 | D | — · — to — | 90,278 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. (F6) The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. |
| 19 | Derivative | Restricted Share Units C | 2023-03-15 | M | D | 6,946 | — | 13,888 | D | — · — to — | 6,946 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. (F6) The RSUs vest in three equal annual installments on March 15 of 2023, 2024 and 2025. |
| 20 | Derivative | Restricted Share Units A | 2023-03-15 | A | A | 1,905 | — | 1,905 | D | — · 2024-03-01 to 2024-03-01 | 1,905 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. (F7) 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. |