SEC Form 5 · accession 0001570585-18-000072

Liberty Global Ltd. · LBTYA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Andrew Cole

Director

Period of report

Dec 31, 2017

Accepted (ET)

Feb 14, 2018 · 8:59 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001570585

Table I — non-derivative securities

No Table I lines on this filing.

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
LiLAC Share Option A (right to buy)^F2	$20.71	Dec 29, 2017	J	894	D	—	Jun 21, 2024	LiLAC Class A	894	D
LiLAC Share Option A (right to buy)^F3	$36.66	Dec 29, 2017	J	728	D	—	Jun 16, 2023	LiLAC Class A	728	D
LiLAC Share Option A (right to buy)^F3	$36.94	Dec 29, 2017	J	292	D	—	Jun 16, 2023	LiLAC Class A	292	D
LiLAC Share Option A (right to buy)^F4	$48.17	Dec 29, 2017	J	215	D	—	Jun 25, 2022	LiLAC Class A	215	D
LiLAC Share Option A (right to buy)^F4	$53.50	Dec 29, 2017	J	536	D	—	Jun 25, 2022	LiLAC Class A	536	D
LiLAC Share Option A (right to buy)^F5	$41.43	Dec 29, 2017	J	712	D	—	Jun 26, 2021	LiLAC Class A	712	D
LiLAC Share Option A (right to buy)^F5	$37.31	Dec 29, 2017	J	285	D	—	Jun 26, 2021	LiLAC Class A	285	D
LiLAC Share Option A (right to buy)^F5	$31.65	Dec 29, 2017	J	231	D	—	Jun 28, 2020	LiLAC Class A	231	D
LiLAC Share Option A (right to buy)^F5	$35.16	Dec 29, 2017	J	578	D	—	Jun 28, 2020	LiLAC Class A	578	D
LiLAC Share Option C (right to buy)^F2	$20.25	Dec 29, 2017	J	1,788	D	—	Jun 21, 2024	LiLAC Class C	1,788	D
LiLAC Share Option C (right to buy)^F3	$37.48	Dec 29, 2017	J	584	D	—	Jun 16, 2023	LiLAC Class C	584	D
LiLAC Share Option C (right to buy)^F3	$37.18	Dec 29, 2017	J	1,457	D	—	Jun 16, 2023	LiLAC Class C	1,457	D
LiLAC Share Option C (right to buy)^F4	$47.89	Dec 29, 2017	J	426	D	—	Jun 25, 2022	LiLAC Class C	426	D
LiLAC Share Option C (right to buy)^F4	$51.95	Dec 29, 2017	J	1,066	D	—	Jun 25, 2022	LiLAC Class C	1,066	D
LiLAC Share Option C (right to buy)^F5	$41.47	Dec 29, 2017	J	1,419	D	—	Jun 26, 2021	LiLAC Class C	1,419	D
LiLAC Share Option C (right to buy)^F5	$37.95	Dec 29, 2017	J	568	D	—	Jun 26, 2021	LiLAC Class C	568	D
LiLAC Share Option C (right to buy)^F5	$30.72	Dec 29, 2017	J	499	D	—	Jun 28, 2020	LiLAC Class C	499	D
LiLAC Share Option C (right to buy)^F5	$36.16	Dec 29, 2017	J	575	D	—	Jun 28, 2020	LiLAC Class C	575	D
LiLAC Share Option C (right to buy)^F5	$33.58	Dec 29, 2017	J	1,245	D	—	Jun 28, 2020	LiLAC Class C	1,245	D
LiLAC Share Option C (right to buy)^F5	$33.08	Dec 29, 2017	J	230	D	—	Jun 28, 2020	LiLAC Class C	230	D

Explanation of responses

F1In connection with the Split-Off (as described in the Remarks section), the options were converted on a one-for-one basis, pursuant to the anti-dilution provisions of the plan under which the options were granted, to options of Splitco with the same terms, conditions and share class as the Issuer's options. These transactions were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Act.
F2The option vests in three equal annual installments commencing on the date of the Issuer's 2018 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.
F3The option vests in three equal annual installments commencing on the date of the Issuer's 2017 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.
F4The option vests in three equal annual installments commencing on the date of the Issuer's 2016 annual general meeting of shareholders and on the date of each annual general meeting of shareholders thereafter.
F5The option is immediately exercisable.

Remarks

On December 29, 2017, the Issuer effected the split-off of its wholly owned subsidiary, Liberty Latin America Ltd. ("Splitco"), by distributing Splitco's common shares (the "distribution") to the holders of the Issuer's LiLAC Ordinary Shares. Immediately following the distribution, the LiLAC Ordinary Shares were redesignated as deferred shares (with virtually no economic rights) and those deferred shares were transferred for no consideration to a third-party designee (such transactions together with the distribution, the "Split-Off"). In the distribution, holders of LiLAC Ordinary Shares received one share of the same class of common shares of Splitco for each LiLAC Ordinary Share held by them at 5:00 p.m., New York City time, on December 29, 2017. The trading symbols for the Issuer's classes of ordinary shares are LBTYA, LBTYB and LBTYK.