Sec Form 4 Filing - WINTER JOHN M @ Liberty Latin America Ltd. - 2020-03-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
WINTER JOHN M
2. Issuer Name and Ticker or Trading Symbol
Liberty Latin America Ltd. [ LILA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, CLO AND SECRETARY
(Last) (First) (Middle)
1550 WEWATTA STREET, SUITE 710
3. Date of Earliest Transaction (MM/DD/YY)
03/13/2020
(Street)
DENVER, CO80202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Shares 03/13/2020 A 30,050 ( 1 ) A $ 0 ( 1 ) 38,118 D
Class A Common Shares 03/13/2020 F 8,709 D $ 10.42 29,409 D
Class C Common Shares 03/13/2020 A 60,100 ( 1 ) A $ 0 ( 1 ) 76,732 D
Class C Common Shares 03/13/2020 F 17,374 D $ 10.48 59,358 D
Class C Common Shares 1,992 I By 401(k) Plan
Class C Common Shares 176 I By Liberty Global 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. D eemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units A ( 2 ) 03/13/2020 A 3,756 ( 3 ) ( 3 ) Class A Common Shares 3,756 ( 2 ) 3,756 D
Restricted Share Units C ( 2 ) 03/13/2020 A 7,512 ( 3 ) ( 3 ) Class C Common Shares 7,512 ( 2 ) 7,512 D
Share Appreciation Rights A $ 10.42 03/13/2020 A 42,449 ( 4 ) 03/13/2027 Class A Common Shares 42,449 $ 0 42,449 D
Share Appreciation Rights C $ 10.48 03/13/2020 A 84,898 ( 4 ) 03/13/2027 Class C Common Shares 84,898 $ 0 84,898 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WINTER JOHN M
1550 WEWATTA STREET
SUITE 710
DENVER, CO80202
SVP, CLO AND SECRETARY
Signatures
/s/ John M. Winter 03/17/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 2019 annual performance award (the Bonus Shares).
( 2 )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 )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 2019 annual performance award program. These RSUs will vest in full on March 1, 2021, provided that the Reporting Person does not sell, transfer or otherwise dispose of the Bonus Shares through such date.
( 4 )The Share Appreciation Rights vest in three equal annual installments commencing on March 13, 2021.

Remarks:
The trading symbols for the Issuer's classes of common shares are LILA, LILAB, and LILAK.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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