Jack Langer - May 13, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Director
Signature: /s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol: SBAC
Transactions as of: May 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/17/2021, 06:12 PM
Next filing: Feb 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SBAC	Class A Common Stock						3.28K	May 13, 2021	Direct
holding	SBAC	Class A Common Stock						14.9K	May 13, 2021	By Trust	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SBAC	Restricted Stock Units	Award	$0	+619		$0.00	619	May 13, 2021	Class A Common Stock	619		Direct	F4, F7
holding	SBAC	Stock Options (Right to Buy)						1.9K	May 13, 2021	Class A Common Stock	1.9K	$113.55	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						2.31K	May 13, 2021	Class A Common Stock	2.31K	$100.00	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						1.98K	May 13, 2021	Class A Common Stock	1.98K	$132.00	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						1.41K	May 13, 2021	Class A Common Stock	1.41K	$157.51	Direct	F2
holding	SBAC	Stock Options (Right to Buy)						1.5K	May 13, 2021	Class A Common Stock	1.5K	$212.31	Direct	F3
holding	SBAC	Restricted Stock Units						183	May 13, 2021	Class A Common Stock	183		Direct	F4, F5
holding	SBAC	Restricted Stock Units						380	May 13, 2021	Class A Common Stock	380		Direct	F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F2	These options are immediately exercisable.
F3	These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
F4	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5	These restricted stock units vest in accordance with the following schedule: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.
F6	These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.
F7	These restricted stock units vest in accordance with the following schedule: 206 vest on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.