Jeffrey Stoops - Aug 16, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Aug 16, 2021
Transactions value $
-$13,170,384
Form type
4
Date filed
8/18/2021, 06:04 PM
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Gift $0 -16K -6.59% $0.00 227K Jun 16, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$3.88M -11K -4.86% $352.23 216K Aug 16, 2021 Direct F2
transaction SBAC Class A Common Stock Sale -$2.17M -6.14K -2.84% $352.87 210K Aug 16, 2021 Direct F3
transaction SBAC Class A Common Stock Sale -$7.11M -20.1K -9.58% $354.02 190K Aug 16, 2021 Direct F4
transaction SBAC Class A Common Stock Sale -$11.7K -33 -0.02% $354.64 190K Aug 16, 2021 Direct
holding SBAC Class A Common Stock 114K Aug 16, 2021 By LLC F5
holding SBAC Class A Common Stock 260K Aug 16, 2021 By Limited Partnership F6

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) 202K Aug 16, 2021 Class A Common Stock 202K $96.58 Direct F7
holding SBAC Stock Options (Right to Buy) 174K Aug 16, 2021 Class A Common Stock 174K $115.17 Direct F7
holding SBAC Stock Options (Right to Buy) 138K Aug 16, 2021 Class A Common Stock 138K $156.50 Direct F8
holding SBAC Restricted Stock Units 3.59K Aug 16, 2021 Class A Common Stock 3.59K Direct F9, F10
holding SBAC Stock Options (Right to Buy) 149K Aug 16, 2021 Class A Common Stock 149K $182.30 Direct F11
holding SBAC Restricted Stock Units 6.98K Aug 16, 2021 Class A Common Stock 6.98K Direct F9, F12
holding SBAC Restricted Stock Units 6.51K Aug 16, 2021 Class A Common Stock 6.51K Direct F9, F13
holding SBAC Performance Restricted Stock Units 9.77K Aug 16, 2021 Class A Common Stock 9.77K Direct F14, F15
holding SBAC Performance Restricted Stock Units 9.77K Aug 16, 2021 Class A Common Stock 9.77K Direct F14, F16
holding SBAC Restricted Stock Units 10.1K Aug 16, 2021 Class A Common Stock 10.1K Direct F17, F18
holding SBAC Performance Restricted Stock Units 10.1K Aug 16, 2021 Class A Common Stock 10.1K Direct F14, F19
holding SBAC Performance Restricted Stock Units 10.1K Aug 16, 2021 Class A Common Stock 10.1K Direct F14, F20
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a non-profit foundation of which the Reporting Person serves as the President and one of the two directors in an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $351.63 to $352.62 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $352.63 to $353.58 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 transaction ranged from $353.63 to $354.57 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.
F5 These shares are owned by Calculated Risk Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
F6 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F7 These options are immediately exercisable.
F8 These options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (March 6, 2018).
F9 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F11 These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F12 These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F13 These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F14 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F15 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.
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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F18 These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 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.

Remarks:

The Reporting Person no longer has beneficial ownership over the securities held by the four different trusts, each for the benefit of one of the Reporting Person's four children, or by the irrevocable family trust for the benefit of the Reporting Person's current and future descendants, for which beneficial ownership was previously reported.