Jack Langer - Feb 10, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 10, 2022
Transactions value $
$50,197
Form type
4
Date filed
2/11/2022, 05:02 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 +57.9% $113.55 5.18K Feb 10, 2022 Direct
transaction SBAC Class A Common Stock Tax liability -$165K -507 -9.79% $326.30 4.67K Feb 10, 2022 Direct F1
holding SBAC Class A Common Stock 15K Feb 10, 2022 By Trust F2, 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 -1.9K -100% $0.00* 0 Feb 10, 2022 Class A Common Stock 1.9K $113.55 Direct F4
holding SBAC Stock Options (Right to Buy) 2.31K Feb 10, 2022 Class A Common Stock 2.31K $100.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1.98K Feb 10, 2022 Class A Common Stock 1.98K $132.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1.41K Feb 10, 2022 Class A Common Stock 1.41K $157.51 Direct F4
holding SBAC Stock Options (Right to Buy) 1.5K Feb 10, 2022 Class A Common Stock 1.5K $212.31 Direct F5
holding SBAC Restricted Stock Units 183 Feb 10, 2022 Class A Common Stock 183 Direct F6, F7
holding SBAC Restricted Stock Units 380 Feb 10, 2022 Class A Common Stock 380 Direct F6, F8
holding SBAC Restricted Stock Units 619 Feb 10, 2022 Class A Common Stock 619 Direct F6, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the exercise price and for payment of tax liability.
F2 Includes 75.867 shares acquired through a dividend reinvestment plan.
F3 The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, 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: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
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: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.
F8 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.
F9 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.