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

Role: Director, Chairman
Signature: /s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol: SBAC
Transactions as of: 19 Jan 2022
Net transactions value: +$215,631
Form type: 4
Filing time: 21 Jan 2022, 16:48:15 UTC
Previous filing: 17 May 2021
Next filing: 03 May 2022
SEC: View on sec.gov

Key filing fact

Steven E. Bernstein filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 21 Jan 2022.

Key facts

This page summarizes Steven E. Bernstein's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
2 reported transactions and 8 derivative rows are listed below.
Filing timestamp: 21 Jan 2022, 16:48.

Change

Previous filing in this sequence was filed on 17 May 2021.
Current net transaction value: +$215,631.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value: $215,631
Shares: +1,899
Change %: +39%
Price: $113.55
Shares after: 6,738
Date: 19 Jan 2022
Ownership: Direct

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 102,390
Date: 19 Jan 2022
Ownership: See Footnote
Footnotes: F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

SBAC transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -1,899
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,899
Exercise price: $113.55
Footnotes: F2

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,308
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,308
Exercise price: $100.00
Footnotes: F2

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,977
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,977
Exercise price: $132.00
Footnotes: F2

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,411
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,411
Exercise price: $157.51
Footnotes: F2

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,501
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,501
Exercise price: $212.31
Footnotes: F3

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 183
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 183
Exercise price
Footnotes: F4, F5

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 380
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 380
Exercise price
Footnotes: F4, F6

SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 619
Date: 19 Jan 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 619
Exercise price
Footnotes: F4, F7

An asterisk next to the price means the reported 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.