SEC Form 4 · accession 0001712184-18-000033
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common SharesF1 | Dec 29, 2017 | J | 3,453 | — | A | 3,453 | D | |
| Class C Common SharesF1 | Dec 29, 2017 | J | 8,540 | — | A | 8,540 | D | |
| Class C Common SharesF1 | Dec 29, 2017 | J | 89 | — | A | 89 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation Rights AF2 | $21.58 | Jan 2, 2018 | A | 11,854 | A | — | Jan 2, 2025 | Class A Common Shares | 11,854 | 11,854 | D |
| Share Appreciation Rights CF2 | $21.39 | Jan 2, 2018 | A | 23,708 | A | — | Jan 2, 2025 | Class C Common Shares | 23,708 | 23,708 | D |
Explanation of responses
- F1Pursuant to the Split-Off (as described in the Remarks section), the reporting person received one share of the same class of common shares of Liberty Latin America Ltd. (the "Issuer") for each share of Liberty Global plc's ("Liberty Global") LiLAC ordinary shares held by the reporting person at 5:00 p.m., New York City time, on December 29, 2017. The Split-Off was exempt pursuant to Rule 16b-7 under the Securities Exchange Act of 1934, as amended.
- F2The SARs provide for vesting in three equal annual installments beginning on March 15, 2019.
Remarks
On December 29, 2017, Liberty Global effected the split-off of its wholly-owned subsidiary, the Issuer, by distributing the Issuer's common shares (the "distribution") to the holders of Liberty Global'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 the Issuer 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 common shares are LILA, LILAB, and LILAK.