Kurt L. Bagwell - Feb 25, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP; Pres. - International
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 25, 2022
Transactions value $
-$85,460
Form type
4
Date filed
3/1/2022, 04:57 PM
Previous filing
Feb 11, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +1.29K +4.35% 30.8K Feb 25, 2022 Direct F1
transaction SBAC Class A Common Stock Tax liability -$85.5K -283 -0.92% $302.30 30.5K Feb 25, 2022 Direct F2
holding SBAC Class A Common Stock 15.5K Feb 25, 2022 By LLC F3
holding SBAC Class A Common Stock 26 Feb 25, 2022 By Trust F4

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 Restricted Stock Units Options Exercise -1.29K -49.98% 1.29K Feb 25, 2022 Class A Common Stock 1.29K Direct F1, F6, F10
holding SBAC Stock Options (Right to Buy) 13.5K Feb 25, 2022 Class A Common Stock 13.5K $156.50 Direct F5
holding SBAC Restricted Stock Units 1.41K Feb 25, 2022 Class A Common Stock 1.41K Direct F6, F7
holding SBAC Stock Options (Right to Buy) 30.5K Feb 25, 2022 Class A Common Stock 30.5K $182.30 Direct F8
holding SBAC Restricted Stock Units 2.73K Feb 25, 2022 Class A Common Stock 2.73K Direct F6, F9
holding SBAC Performance Restricted Stock Units 3.86K Feb 25, 2022 Class A Common Stock 3.86K Direct F11, F12
holding SBAC Performance Restricted Stock Units 3.86K Feb 25, 2022 Class A Common Stock 3.86K Direct F11, F13
holding SBAC Restricted Stock Units 3.87K Feb 25, 2022 Class A Common Stock 3.87K Direct F6, F14
holding SBAC Performance Restricted Stock Units 3.87K Feb 25, 2022 Class A Common Stock 3.87K Direct F11, F15
holding SBAC Performance Restricted Stock Units 3.87K Feb 25, 2022 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 On February 25, 2022, 1,285 of the Reporting Person's restricted stock units were settled for an equal number of share of Class A Common Stock.
F2 Shares withheld for payment of tax liability.
F3 These shares are held by a limited liability company of which the Reporting Person is the sole manager and whose revocable trust is the sole member.
F4 The trust is for the benefit of one of the Reporting Person's children.
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.