Brian D. Lazarus - Sep 3, 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 3, 2021
Transactions value $
-$6,090,191
Form type
4
Date filed
9/8/2021, 05:49 PM
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $2.79M +24.3K +119.36% $115.17 44.6K Sep 3, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$4.95M -13.5K -30.35% $365.86 31.1K Sep 3, 2021 Direct F2
transaction SBAC Class A Common Stock Sale -$3.93M -10.7K -34.55% $366.57 20.3K Sep 3, 2021 Direct F3
transaction SBAC Class A Common Stock Options Exercise $100K +868 +4.27% $115.17 21.2K Sep 7, 2021 Direct
transaction SBAC Class A Common Stock Tax liability -$100K -273 -1.29% $366.48 20.9K Sep 7, 2021 Direct 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 -24.3K -96.55% $0.00 868 Sep 3, 2021 Class A Common Stock 24.3K $115.17 Direct F5
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -868 -100% $0.00* 0 Sep 7, 2021 Class A Common Stock 868 $115.17 Direct F5
holding SBAC Stock Options (Right to Buy) 21.2K Sep 3, 2021 Class A Common Stock 21.2K $156.50 Direct F6
holding SBAC Restricted Stock Units 554 Sep 3, 2021 Class A Common Stock 554 Direct F7, F8
holding SBAC Stock Options (Right to Buy) 23.5K Sep 3, 2021 Class A Common Stock 23.5K $182.30 Direct F9
holding SBAC Restricted Stock Units 1.09K Sep 3, 2021 Class A Common Stock 1.09K Direct F7, F10
holding SBAC Restricted Stock Units 1.04K Sep 3, 2021 Class A Common Stock 1.04K Direct F7, F11
holding SBAC Performance Restricted Stock Units 1.56K Sep 3, 2021 Class A Common Stock 1.56K Direct F12, F13
holding SBAC Performance Restricted Stock Units 1.56K Sep 3, 2021 Class A Common Stock 1.56K Direct F12, F14
holding SBAC Restricted Stock Units 1.62K Sep 3, 2021 Class A Common Stock 1.62K Direct F7, F15
holding SBAC Performance Restricted Stock Units 1.62K Sep 3, 2021 Class A Common Stock 1.62K Direct F12, F16
holding SBAC Performance Restricted Stock Units 1.62K Sep 3, 2021 Class A Common Stock 1.62K Direct F12, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 74.53 shares acquired through a dividend reinvestment plan.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $365.26 and $366.25 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 $366.27 and $367.08 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 shares used to pay option exercise price or withheld for payment of tax liability.
F5 These options are immediately exercisable.
F6 These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second 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: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018).
F9 These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F11 These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 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: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary 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.