Thomas P. Hunt - Dec 14, 2021 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt
Stock symbol
SBAC
Transactions as of
Dec 14, 2021
Transactions value $
-$26,957,972
Form type
4
Date filed
12/16/2021, 06:14 PM
Previous filing
Sep 3, 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 $7.93M +63.6K +1164.37% $124.59 69.1K Dec 14, 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $7.89M +68.5K +99.19% $115.17 138K Dec 14, 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $5.26M +28.8K +20.95% $182.30 166K Dec 14, 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $7.81M +80.8K +48.55% $96.58 247K Dec 14, 2021 Direct
transaction SBAC Class A Common Stock Options Exercise $6.35M +40.6K +16.4% $156.50 288K Dec 14, 2021 Direct
transaction SBAC Class A Common Stock Tax liability -$61.8M -169K -58.81% $365.02 119K Dec 14, 2021 Direct F1
transaction SBAC Class A Common Stock Sale -$248K -678 -0.57% $365.52 118K Dec 15, 2021 Direct F2
transaction SBAC Class A Common Stock Sale -$150K -409 -0.35% $366.60 117K Dec 15, 2021 Direct 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 -63.6K -100% $0.00* 0 Dec 14, 2021 Class A Common Stock 63.6K $124.59 Direct F4
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -80.8K -100% $0.00* 0 Dec 14, 2021 Class A Common Stock 80.8K $96.58 Direct F4
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -68.5K -100% $0.00* 0 Dec 14, 2021 Class A Common Stock 68.5K $115.17 Direct F4
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -40.6K -75% $0.00 13.5K Dec 14, 2021 Class A Common Stock 40.6K $156.50 Direct F5
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -28.8K -49.53% $0.00 29.4K Dec 14, 2021 Class A Common Stock 28.8K $182.30 Direct F8
holding SBAC Restricted Stock Units 1.41K Dec 14, 2021 Class A Common Stock 1.41K Direct F6, F7
holding SBAC Restricted Stock Units 2.73K Dec 14, 2021 Class A Common Stock 2.73K Direct F6, F9
holding SBAC Restricted Stock Units 2.57K Dec 14, 2021 Class A Common Stock 2.57K Direct F6, F10
holding SBAC Performance Restricted Stock Units 3.86K Dec 14, 2021 Class A Common Stock 3.86K Direct F11, F12
holding SBAC Performance Restricted Stock Units 3.86K Dec 14, 2021 Class A Common Stock 3.86K Direct F11, F13
holding SBAC Restricted Stock Units 3.87K Dec 14, 2021 Class A Common Stock 3.87K Direct F6, F14
holding SBAC Performance Restricted Stock Units 3.87K Dec 14, 2021 Class A Common Stock 3.87K Direct F11, F15
holding SBAC Performance Restricted Stock Units 3.87K Dec 14, 2021 Class A Common Stock 3.87K Direct F11, F16
* 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $365.06 to $365.94 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 $366.30 to $367.06 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 options are immediately exercisable.
F5 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).
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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F8 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).
F9 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).
F10 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).
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 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).
F15 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.
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.