Duncan Cocroft - May 18, 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 18, 2021
Transactions value $
-$523,647
Form type
4
Date filed
5/20/2021, 06:01 PM
Previous filing
May 17, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$524K -1.8K -2.64% $290.27 66.6K May 18, 2021 Direct 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
holding SBAC Stock Options (Right to Buy) 1.9K May 18, 2021 Class A Common Stock 1.9K $113.55 Direct F2
holding SBAC Stock Options (Right to Buy) 2.31K May 18, 2021 Class A Common Stock 2.31K $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.98K May 18, 2021 Class A Common Stock 1.98K $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.41K May 18, 2021 Class A Common Stock 1.41K $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1.5K May 18, 2021 Class A Common Stock 1.5K $212.31 Direct F3
holding SBAC Restricted Stock Units 183 May 18, 2021 Class A Common Stock 183 Direct F4, F5
holding SBAC Restricted Stock Units 380 May 18, 2021 Class A Common Stock 380 Direct F4, F6
holding SBAC Restricted Stock Units 619 May 18, 2021 Class A Common Stock 619 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $290.25 to $290.37 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These options are exercisable immediately.
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.