Mark R. Ciarfella - Jun 10, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Operations
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Jun 10, 2021
Transactions value $
-$1,229,040
Form type
4
Date filed
6/11/2021, 05:52 PM
Next filing
Aug 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $691K +6K +28.6% $115.17 27K Jun 10, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$1.92M -6K -22.24% $320.01 21K Jun 10, 2021 Direct F2

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 Stock Options (Right to Buy) Options Exercise $0 -6K -71.62% $0.00 2.38K Jun 10, 2021 Class A Common Stock 6K $115.17 Direct F3
holding SBAC Stock Options (Right to Buy) 13.5K Jun 10, 2021 Class A Common Stock 13.5K $156.50 Direct F4
holding SBAC Restricted Stock Units 705 Jun 10, 2021 Class A Common Stock 705 Direct F5, F6
holding SBAC Stock Options (Right to Buy) 22.8K Jun 10, 2021 Class A Common Stock 22.8K $182.30 Direct F7
holding SBAC Restricted Stock Units 1.39K Jun 10, 2021 Class A Common Stock 1.39K Direct F5, F8
holding SBAC Restricted Stock Units 1.31K Jun 10, 2021 Class A Common Stock 1.31K Direct F5, F9
holding SBAC Performance Restricted Stock Units 1.96K Jun 10, 2021 Class A Common Stock 1.96K Direct F10, F11
holding SBAC Performance Restricted Stock Units 1.96K Jun 10, 2021 Class A Common Stock 1.96K Direct F10, F12
holding SBAC Restricted Stock Units 2.03K Jun 10, 2021 Class A Common Stock 2.03K Direct F5, F13
holding SBAC Performance Restricted Stock Units 2.03K Jun 10, 2021 Class A Common Stock 2.03K Direct F10, F14
holding SBAC Performance Restricted Stock Units 2.03K Jun 10, 2021 Class A Common Stock 2.03K Direct F10, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 39.94744 shares acquired through a dividend reinvestment plan.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $320.00 to $320.57 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.
F3 These options are immediately exercisable.
F4 These options vest in accordance with the following schedule: 6,759 vest on each of the first through third anniversaries of the grant date and 6,760 vest on the fourth anniversary of the grant date (March 6, 2018).
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F7 These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F8 These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F9 These restricted stock units vest in accordance with the following schedule: 653 vest on the first and second anniversaries of the grant date and 654 vest on the third anniversary of the grant date (February 25, 2020).
F10 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F12 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F13 These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F14 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F15 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.