Jeffrey Stoops - Nov 18, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Chief Executive Officer & Pres, Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Nov 18, 2021
Transactions value $
-$36,193,217
Form type
4
Date filed
11/22/2021, 04:35 PM
Previous filing
Aug 18, 2021
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 $19.5M +202K +106.35% $96.58 391K Nov 18, 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $20M +174K +44.39% $115.17 565K Nov 18, 2021 Direct
transaction SBAC Class A Common Stock Tax liability -$75.7M -216K -38.24% $350.29 349K Nov 18, 2021 Direct F1
holding SBAC Class A Common Stock 114K Nov 18, 2021 By LLC F2
holding SBAC Class A Common Stock 260K Nov 18, 2021 By Limited Partnership F3

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 -202K -100% $0.00* 0 Nov 18, 2021 Class A Common Stock 202K $96.58 Direct F4
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -174K -100% $0.00* 0 Nov 18, 2021 Class A Common Stock 174K $115.17 Direct F4
holding SBAC Stock Options (Right to Buy) 138K Nov 18, 2021 Class A Common Stock 138K $156.50 Direct F5
holding SBAC Restricted Stock Units 3.59K Nov 18, 2021 Class A Common Stock 3.59K Direct F6, F7
holding SBAC Stock Options (Right to Buy) 149K Nov 18, 2021 Class A Common Stock 149K $182.30 Direct F8
holding SBAC Restricted Stock Units 6.98K Nov 18, 2021 Class A Common Stock 6.98K Direct F6, F9
holding SBAC Restricted Stock Units 6.51K Nov 18, 2021 Class A Common Stock 6.51K Direct F6, F10
holding SBAC Performance Restricted Stock Units 9.77K Nov 18, 2021 Class A Common Stock 9.77K Direct F11, F12
holding SBAC Performance Restricted Stock Units 9.77K Nov 18, 2021 Class A Common Stock 9.77K Direct F11, F13
holding SBAC Restricted Stock Units 10.1K Nov 18, 2021 Class A Common Stock 10.1K Direct F14, F15
holding SBAC Performance Restricted Stock Units 10.1K Nov 18, 2021 Class A Common Stock 10.1K Direct F11, F16
holding SBAC Performance Restricted Stock Units 10.1K Nov 18, 2021 Class A Common Stock 10.1K Direct F11, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability and option exercise price.
F2 These shares are owned by Calculated Risk SBA 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.
F3 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.
F4 These options are immediately exercisable.
F5 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).
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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).
F8 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).
F9 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).
F10 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).
F11 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12 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.
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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F15 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).
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.