Thomas P. Hunt - Sep 3, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt
Stock symbol
SBAC
Transactions as of
Sep 3, 2021
Transactions value $
-$24,527,156
Form type
4
Date filed
9/3/2021, 05:50 PM
Previous filing
Aug 20, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$10.1M -27.7K -38.16% $364.56 44.9K Sep 3, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$6M -16.4K -36.61% $365.35 28.5K Sep 3, 2021 Direct F2
transaction SBAC Class A Common Stock Sale -$6.47M -17.7K -62.08% $366.41 10.8K Sep 3, 2021 Direct F3
transaction SBAC Class A Common Stock Sale -$1.92M -5.22K -48.42% $367.39 5.57K Sep 3, 2021 Direct F4
transaction SBAC Class A Common Stock Sale -$36.8K -100 -1.8% $368.17 5.47K Sep 3, 2021 Direct

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) 63.6K Sep 3, 2021 Class A Common Stock 63.6K $124.59 Direct F5
holding SBAC Stock Options (Right to Buy) 80.8K Sep 3, 2021 Class A Common Stock 80.8K $96.58 Direct F5
holding SBAC Stock Options (Right to Buy) 68.5K Sep 3, 2021 Class A Common Stock 68.5K $115.17 Direct F5
holding SBAC Stock Options (Right to Buy) 54.1K Sep 3, 2021 Class A Common Stock 54.1K $156.50 Direct F6
holding SBAC Restricted Stock Units 1.41K Sep 3, 2021 Class A Common Stock 1.41K Direct F7, F8
holding SBAC Stock Options (Right to Buy) 58.2K Sep 3, 2021 Class A Common Stock 58.2K $182.30 Direct F9
holding SBAC Restricted Stock Units 2.73K Sep 3, 2021 Class A Common Stock 2.73K Direct F7, F10
holding SBAC Restricted Stock Units 2.57K Sep 3, 2021 Class A Common Stock 2.57K Direct F7, F11
holding SBAC Performance Restricted Stock Units 3.86K Sep 3, 2021 Class A Common Stock 3.86K Direct F12, F13
holding SBAC Performance Restricted Stock Units 3.86K Sep 3, 2021 Class A Common Stock 3.86K Direct F12, F14
holding SBAC Restricted Stock Units 3.87K Sep 3, 2021 Class A Common Stock 3.87K Direct F7, F15
holding SBAC Performance Restricted Stock Units 3.87K Sep 3, 2021 Class A Common Stock 3.87K Direct F12, F16
holding SBAC Performance Restricted Stock Units 3.87K Sep 3, 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 transactions ranged from $364.00 to $364.99 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.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $365.00 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 transactions ranged from $366.00 to $366.95 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 $367.01 to $367.95 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 options are immediately exercisable.
F6 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).
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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F9 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).
F10 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).
F11 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).
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 vest 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.