Steven E. Bernstein - Jan 19, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, Chairman
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Jan 19, 2022
Transactions value $
$215,631
Form type
4
Date filed
1/21/2022, 04:48 PM
Previous filing
May 17, 2021
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $216K +1.9K +39.24% $113.55 6.74K Jan 19, 2022 Direct
holding SBAC Class A Common Stock 102K Jan 19, 2022 See Footnote F1

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 -1.9K -100% $0.00* 0 Jan 19, 2022 Class A Common Stock 1.9K $113.55 Direct F2
holding SBAC Stock Options (Right to Buy) 2.31K Jan 19, 2022 Class A Common Stock 2.31K $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.98K Jan 19, 2022 Class A Common Stock 1.98K $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.41K Jan 19, 2022 Class A Common Stock 1.41K $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1.5K Jan 19, 2022 Class A Common Stock 1.5K $212.31 Direct F3
holding SBAC Restricted Stock Units 183 Jan 19, 2022 Class A Common Stock 183 Direct F4, F5
holding SBAC Restricted Stock Units 380 Jan 19, 2022 Class A Common Stock 380 Direct F4, F6
holding SBAC Restricted Stock Units 619 Jan 19, 2022 Class A Common Stock 619 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F2 These options are exercisable immediately.
F3 These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 These restricted stock units vest in accordance with the following schedule: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.
F6 These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.
F7 These restricted stock units vest in accordance with the following schedule: 206 vest on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.