Mark R. Ciarfella - Aug 19, 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
Aug 19, 2021
Transactions value $
-$1,362,006
Form type
4
Date filed
8/20/2021, 06:12 PM
Previous filing
Aug 13, 2021
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $1.06M +6.76K +32.16% $156.50 27.8K Aug 19, 2021 Direct
transaction SBAC Class A Common Stock Sale -$2.42M -6.76K -24.33% $358.01 21K Aug 19, 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
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -6.76K -50% $0.00 6.76K Aug 19, 2021 Class A Common Stock 6.76K $156.50 Direct F2
holding SBAC Restricted Stock Units 705 Aug 19, 2021 Class A Common Stock 705 Direct F3, F4
holding SBAC Stock Options (Right to Buy) 22.8K Aug 19, 2021 Class A Common Stock 22.8K $182.30 Direct F5
holding SBAC Restricted Stock Units 1.39K Aug 19, 2021 Class A Common Stock 1.39K Direct F3, F6
holding SBAC Restricted Stock Units 1.31K Aug 19, 2021 Class A Common Stock 1.31K Direct F3, F7
holding SBAC Performance Restricted Stock Units 1.96K Aug 19, 2021 Class A Common Stock 1.96K Direct F8, F9
holding SBAC Performance Restricted Stock Units 1.96K Aug 19, 2021 Class A Common Stock 1.96K Direct F8, F10
holding SBAC Restricted Stock Units 2.03K Aug 19, 2021 Class A Common Stock 2.03K Direct F3, F11
holding SBAC Performance Restricted Stock Units 2.03K Aug 19, 2021 Class A Common Stock 2.03K Direct F8, F12
holding SBAC Performance Restricted Stock Units 2.03K Aug 19, 2021 Class A Common Stock 2.03K Direct F8, F13
* 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 $358.00 to $358.17 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 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).
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 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).
F5 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).
F6 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).
F7 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).
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 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.
F10 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.
F11 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).
F12 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.
F13 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.