SEC Form 5 · accession 0001712184-18-000094
Liberty Latin America Ltd. · LILA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Option C (right to buy)F2 | $14.21 | Dec 29, 2017 | J | 522 | A | — | Jun 12, 2018 | Class C Common Shares | 522 | 522 | D |
| Share Option C (right to buy)F2 | $14.86 | Dec 29, 2017 | J | 261 | A | — | Jun 12, 2018 | Class C Common Shares | 261 | 261 | D |
| Share Option C (right to buy)F2 | $15.53 | Dec 29, 2017 | J | 1,304 | A | — | Jun 12, 2018 | Class C Common Shares | 1,304 | 1,304 | D |
| Share Option C (right to buy)F2 | $16.24 | Dec 29, 2017 | J | 652 | A | — | Jun 12, 2018 | Class C Common Shares | 652 | 652 | D |
| Share Option C (right to buy)F2 | $7.34 | Dec 29, 2017 | J | 1,304 | A | — | Jun 17, 2019 | Class C Common Shares | 1,304 | 1,304 | D |
| Share Option C (right to buy)F2 | $6.72 | Dec 29, 2017 | J | 261 | A | — | Jun 17, 2019 | Class C Common Shares | 261 | 261 | D |
| Share Option C (right to buy)F2 | $7.35 | Dec 29, 2017 | J | 652 | A | — | Jun 17, 2019 | Class C Common Shares | 652 | 652 | D |
| Share Option C (right to buy)F2 | $6.71 | Dec 29, 2017 | J | 522 | A | — | Jun 17, 2019 | Class C Common Shares | 522 | 522 | D |
| Share Option C (right to buy)F2 | $12.06 | Dec 29, 2017 | J | 73 | A | — | Jun 17, 2020 | Class C Common Shares | 73 | 73 | D |
| Share Option C (right to buy)F2 | $12.13 | Dec 29, 2017 | J | 146 | A | — | Jun 17, 2020 | Class C Common Shares | 146 | 146 | D |
| Share Option C (right to buy)F2 | $13.26 | Dec 29, 2017 | J | 366 | A | — | Jun 17, 2020 | Class C Common Shares | 366 | 366 | D |
| Share Option C (right to buy)F2 | $13.18 | Dec 29, 2017 | J | 183 | A | — | Jun 17, 2020 | Class C Common Shares | 183 | 183 | D |
| Share Option C (right to buy)F2 | $33.58 | Dec 29, 2017 | J | 1,245 | A | — | Jun 28, 2020 | Class C Common Shares | 1,245 | 1,245 | D |
| Share Option C (right to buy)F2 | $36.16 | Dec 29, 2017 | J | 575 | A | — | Jun 28, 2020 | Class C Common Shares | 575 | 575 | D |
| Share Option C (right to buy)F2 | $33.08 | Dec 29, 2017 | J | 230 | A | — | Jun 28, 2020 | Class C Common Shares | 230 | 230 | D |
| Share Option C (right to buy)F2 | $30.72 | Dec 29, 2017 | J | 499 | A | — | Jun 28, 2020 | Class C Common Shares | 499 | 499 | D |
Explanation of responses
- F1This option was granted as a result of the adjustments described in this footnote. In connection with the completion of the Split-Off (as described in the Remarks section), all option awards held by the reporting person with respect to Liberty Global's LiLAC ordinary shares (each, a "Pre-Split LiLAC Award") were adjusted pursuant to the anti-dilution provisions of the incentive plan under which the option awards were granted, such that the reporting person (i) disposed of the Pre-Split LiLAC Award and (ii) received an option relating to shares of the corresponding class of the Issuer's common shares ("Post-Split Splitco Award"). The terms of the Post-Split Splitco Award will, in all material respects, be the same as those of the corresponding Pre-Split LiLAC Award. These adjustments were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
- F2The option is immediately exercisable.
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.