Sec Form 4 Filing - Khemka Vivek @ Liberty Latin America Ltd. - 2020-10-01

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
Khemka Vivek
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, CT&PO
(Last) (First) (Middle)
C/O LIBERTY LATIN AMERICA LTD., 1550 WEWATTA STREET, SUITE 710
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2020
(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 10/01/2020 M 7,655 A 30,289 D
Class A Common Shares 10/01/2020 F 3,367 D $ 8.82 26,922 D
Class C Common Shares 10/01/2020 M 14,736 A 79,314 D
Class C Common Shares 10/01/2020 F 6,481 D $ 8.73 72,833 D
Class C Common Shares 10/05/2020 M 10,482 A 83,315 D
Class C Common Shares 10/05/2020 F 4,610 D $ 8.84 78,705 D
Class C Common Shares 3,996 I By 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. Deemed 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 ( 1 ) 10/01/2020 M 7,655 ( 2 ) ( 2 ) Class A Common Shares 7,655 ( 1 ) 0 D
Restricted Share Units C ( 1 ) 10/01/2020 M 14,736 ( 3 ) ( 2 ) ( 2 ) Class C Common Shares 14,736 ( 3 ) ( 1 ) 0 D
Restricted Share Units C ( 4 ) ( 1 ) 10/01/2020 A 10,482 ( 5 ) 10/05/2020 10/05/2020 Class C Common Shares 10,482 ( 5 ) $ 0 10,482 D
Restricted Share Units C ( 1 ) 10/05/2020 M 10,482 10/05/2020 10/05/2020 Class C Common Shares 10,482 ( 1 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Khemka Vivek
C/O LIBERTY LATIN AMERICA LTD.
1550 WEWATTA STREET, SUITE 710
DENVER, CO80202
SVP, CT&PO
Signatures
/s/ John M. Winter, Attorney-in-Fact 10/05/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 )The Restricted Share Units vest in two equal semi-annual installments on April 1, 2020 and October 1, 2020.
( 3 )573 shares subject to an RSU that could only be settled in shares were voluntarily forfeited by the Reporting Person prior to the vesting of such RSUs on October 1, 2020.
( 4 )In connection with the Issuer's recently completed rights offering to purchase Class C common shares (LILAK), holders of outstanding share appreciation rights (SARs) to acquire shares of Class A common shares (LILA) or LILAK and holders of outstanding restricted share units (RSUs) or performance-based RSUs relating to shares of LILA or LILAK received a new grant of RSUs relating to shares of LILAK to compensate for the diminution in value associated with the common shares underlying their outstanding SARs, RSUs and performance-based RSUs. These grants of RSUs were approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
( 5 )The number of RSUs was determined based, in part, on the volume-weighted average trading price of both LILAK shares and the subscription rights to purchase LILAK shares over the trading days occurring during the subscription period for the rights offering, beginning on and including September 11, 2020 and ending on and including September 25, 2020.

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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