Liberty Latin America (LILA) executive Fries acquired 13,544 shares
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Insider transactions reported
Michael T Fries (executive at Liberty Latin America Ltd., LILA) reported that they acquired 13,544 shares, and gave up 5,946 shares at $14.45 to cover taxes or an exercise price on Mar 15, 2021. After these transactions the filing shows 232,901 shares held directly and 404,042 shares held directly.
- Reporting person
- Fries Michael T
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 15, 2021 | Exercise or conversion of a derivative (M) | Class A Common Shares1 | +13,544 | - | - | 238,847 direct |
| Mar 15, 2021 | Shares withheld for taxes or exercise price (F) | Class A Common Shares2 | -5,946 | $14.45 | $85.9K | 232,901 direct |
| Mar 15, 2021 | Exercise or conversion of a derivative (M) | Class C Common Shares1 | +20,536 | - | - | 413,058 direct |
| Mar 15, 2021 | Shares withheld for taxes or exercise price (F) | Class C Common Shares3 | -9,016 | $14.50 | $131K | 404,042 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Mar 15, 2021 | Exercise or conversion of a derivative (M) | Restricted Share Units AOn 13,544 Class A Common Shares1, 4 | -13,544 | - | - | 0 direct |
| Mar 15, 2021 | Exercise or conversion of a derivative (M) | Restricted Share Units COn 20,536 Class C Common Shares1, 4, 5 | -20,536 | - | - | 0 direct |
Holdings before and after
- Class A Common Shares: 225,303 to 232,901 direct
- Class C Common Shares: 392,522 to 404,042 direct
- Restricted Share Units A: 13,544 to 0 direct
- Restricted Share Units C: 20,536 to 0 direct
Footnotes from the filing
- 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. In December 2020, Liberty Global eliminated the LILAK stock fund as an investment alternative available under Liberty Global's 401(k) plan. As a result, the 345 LILA shares the reporting person previously reported as beneficially owned under the plan were liquidated.
- 3. In December 2020, Liberty Global eliminated the LILAK stock fund as an investment alternative available under Liberty Global's 401(k) plan. As a result, the 2,282 LILAK shares the reporting person previously reported as beneficially owned under the plan were liquidated.
- 4. The Restricted Share Units vest in full on the first anniversary date following the date of grant.
- 5. 6,552 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 March 15, 2021.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Fries report in this LILA Form 4?
Michael T Fries (executive at Liberty Latin America Ltd., LILA) reported that they acquired 13,544 shares, and gave up 5,946 shares at $14.45 to cover taxes or an exercise price on Mar 15, 2021. After these transactions the filing shows 232,901 shares held directly and 404,042 shares held directly.
How many LILA shares does Fries hold after this filing?
The filing shows 232,901 shares held directly, 404,042 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for LILA
Earlier insider filings at LILA
- Mar 17, 2021SEC Form 4: Alfonso Angoitia De exercised 8,554 units of Class C Common Shares at a strike of $0.00 and exercised 4,227 units of Class A Common Shares at a strike of $0.00, increasing direct ownership by 268% to 35,146 units
- Mar 17, 2021SEC Form 4: Miranda Curtis exercised 4,277 units of Class A Common Shares at a strike of $0.00 and exercised 8,554 units of Class C Common Shares at a strike of $0.00, increasing direct ownership by 370% to 23,842 units
- Mar 17, 2021SEC Form 4: R H Charles Bracken exercised 4,277 units of Class A Common Shares at a strike of $0.00 and exercised 8,554 units of Class C Common Shares at a strike of $0.00, increasing direct ownership by 307% to 37,937 units
- Mar 3, 2021SEC Form 4: D Brian Zook exercised 290 units of Class A Common Shares at a strike of $0.00, disposed of $1,244 worth of Class A Common Shares (100 units at $12.44), exercised 580 units of Class C Common Shares at a strike of $0.00 and disposed of $2,483 worth of Class C Common Shares (199 units at $12.47), increasing ownership by 210% to 21,127 units
- Mar 3, 2021SEC Form 4: M John Winter exercised 7,512 units of Class C Common Shares at a strike of $0.00, disposed of $27,283 worth of Class C Common Shares (2,187 units at $12.47), exercised 3,756 units of Class A Common Shares at a strike of $0.00 and disposed of $15,985 worth of Class A Common Shares (1,285 units at $12.44), increasing ownership by 204% to 111,061 units
Quantisnow market dataNASDAQ
LILA
Liberty Latin America Ltd.
- Market cap
- 30-day
- Sector
- Telecommunications
- Industry
- Cable & Other Pay Television Services
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