Brendan Thomas Cavanagh - Sep 2, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Sep 2, 2021
Transactions value $
-$15,061,288
Form type
4
Date filed
9/3/2021, 05:48 PM
Previous filing
Mar 29, 2022
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 Options Exercise $6.93M +60.2K +194.03% $115.17 91.2K Sep 2, 2021 Direct
transaction SBAC Class A Common Stock Sale -$7.82M -21.5K -23.53% $364.56 69.7K Sep 2, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$6.06M -16.6K -23.8% $365.53 53.1K Sep 2, 2021 Direct F2
transaction SBAC Class A Common Stock Sale -$8.11M -22.1K -41.64% $366.42 31K Sep 2, 2021 Direct F3
holding SBAC Class A Common Stock 19K Sep 2, 2021 By LLC F4

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 -60.2K -100% $0.00* 0 Sep 2, 2021 Class A Common 60.2K $115.17 Direct F5
holding SBAC Stock Options (Right to Buy) 50.2K Sep 2, 2021 Class A Common Stock 50.2K $156.50 Direct F6
holding SBAC Restricted Stock Units 1.31K Sep 2, 2021 Class A Common Stock 1.31K Direct F7, F8
holding SBAC Stock Options (Right to Buy) 55.7K Sep 2, 2021 Class A Common Stock 55.7K $182.30 Direct F9
holding SBAC Restricted Stock Units 2.59K Sep 2, 2021 Class A Common Stock 2.59K Direct F7, F10
holding SBAC Restricted Stock Units 2.44K Sep 2, 2021 Class A Common Stock 2.44K Direct F7, F11
holding SBAC Performance Restricted Stock Units 3.66K Sep 2, 2021 Class A Common Stock 3.66K Direct F12, F13
holding SBAC Performance Restricted Stock Units 3.66K Sep 2, 2021 Class A Common Stock 3.66K Direct F12, F14
holding SBAC Restricted Stock Units 3.87K Sep 2, 2021 Class A Common Stock 3.87K Direct F7, F15
holding SBAC Performance Restricted Stock Units 3.87K Sep 2, 2021 Class A Common Stock 3.87K Direct F12, F16
holding SBAC Performance Restricted Stock Units 3.87K Sep 2, 2021 Class A Common Stock 3.87K Direct F12, F17
* 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 transaction ranged from $364.02 to $365.01 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 transaction ranged from $365.02 to $365.99 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 $366.03 to $366.65 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 These shares are owned by Cavanagh Investments, LLC. The Reporting Person holds all voting and dispositive power for these shares. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
F5 These options are immediately exercisable.
F6 These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F9 These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F11 These restricted stock units vest in accordance with the following schedule: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F12 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F13 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.
F14 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.
F15 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 vests on each of the second and third anniversaries of the grant date (March 4, 2021).
F16 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.
F17 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.