Kurt L. Bagwell - 05 Aug 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
05 Aug 2021
Net transactions value
-$8,839,351
Form type
4
Filing time
06 Aug 2021, 17:37:19 UTC
Next filing
11 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $1,973,438 +17,135 +55% $115.17 48,084 05 Aug 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $2,115,567 +13,518 +28% $156.50 61,602 05 Aug 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $2,578,998 +14,147 +23% $182.30 75,749 05 Aug 2021 Direct
transaction SBAC Class A Common Stock Sale $9,108,865 -26,373 -35% $345.39 49,376 05 Aug 2021 Direct F1
transaction SBAC Class A Common Stock Sale $3,301,470 -9,524 -19% $346.65 39,852 05 Aug 2021 Direct F2
transaction SBAC Class A Common Stock Sale $2,229,495 -6,417 -16% $347.44 33,435 05 Aug 2021 Direct F3
transaction SBAC Class A Common Stock Sale $452,691 -1,300 -3.9% $348.22 32,135 05 Aug 2021 Direct F4
transaction SBAC Class A Common Stock Sale $414,834 -1,186 -3.7% $349.78 30,949 05 Aug 2021 Direct F5
holding SBAC Class A Common Stock 15,530 05 Aug 2021 By LLC F6
holding SBAC Class A Common Stock 26 05 Aug 2021 By Trust F7

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 -17,135 -100% $0.000000* 0 05 Aug 2021 Class A Common Stock 17,135 $115.17 Direct F8
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -13,518 -50% $0.000000 13,519 05 Aug 2021 Class A Common Stock 13,518 $156.50 Direct F9
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -14,147 -32% $0.000000 30,487 05 Aug 2021 Class A Common Stock 14,147 $182.30 Direct F12
holding SBAC Restricted Stock Units 1,409 05 Aug 2021 Class A Common Stock 1,409 Direct F10, F11
holding SBAC Restricted Stock Units 2,734 05 Aug 2021 Class A Common Stock 2,734 Direct F10, F13
holding SBAC Restricted Stock Units 2,571 05 Aug 2021 Class A Common Stock 2,571 Direct F10, F14
holding SBAC Performance Restricted Stock Units 3,856 05 Aug 2021 Class A Common Stock 3,856 Direct F15, F16
holding SBAC Performance Restricted Stock Units 3,856 05 Aug 2021 Class A Common Stock 3,856 Direct F15, F17
holding SBAC Restricted Stock Units 3,872 05 Aug 2021 Class A Common Stock 3,872 Direct F10, F18
holding SBAC Performance Restricted Stock Units 3,872 05 Aug 2021 Class A Common Stock 3,872 Direct F15, F19
holding SBAC Performance Restricted Stock Units 3,872 05 Aug 2021 Class A Common Stock 3,872 Direct F15, F20
* 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 $345.00 to $345.97 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $346.05 to $347.05 per share. The Reporting Person, upon request, will provide the Securites 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $347.07 to $348.06 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.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $348.09 to $348.50 per share. The Reporting Person, upon request, will provide the Securites 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.
F5 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $349.19 to $350.11 per share. The Reporting Person, upon request, will provide the Securites 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.
F6 These shares are held by a limited liability company of which the Reporting Person is the sole manager and whose revocable trust is the sole member.
F7 The trust is for the benefit of one of the Reporting Person's children.
F8 These options are immediately exercisable.
F9 These options vest in accordance with the following schedule: 13,518 vest on each of the first and the third anniversaries of the grant date, and 13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F10 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11 These restricted stock units vest in accordance with the following schedule: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F12 These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
F13 These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F14 These restricted stock units vest in accordance with the following schedule: 1,285 vest on the first and second anniversaries of the grant date and 1,286 vest on the third anniversary of the grant date (February 25, 2020).
F15 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F16 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.
F17 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.
F18 These restricted stock units vest in accordance with the following schedule: 1,290 vest on the first anniversary of the grant date and 1,291 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F19 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.
F20 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.