Jason V. Silberstein - Feb 25, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Site Leasing
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 25, 2022
Transactions value $
$0
Form type
4
Date filed
3/1/2022, 04:59 PM
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 +977 +6.44% 16.2K Feb 25, 2022 Direct 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 Restricted Stock Units Options Exercise -977 -50% 977 Feb 25, 2022 Class A Common Stock 977 Direct F1, F4, F8
holding SBAC Stock Options (Right to Buy) 1.04K Feb 25, 2022 Class A Common Stock 1.04K $96.58 Direct F2
holding SBAC Stock Options (Right to Buy) 50.3K Feb 25, 2022 Class A Common Stock 50.3K $115.17 Direct F2
holding SBAC Stock Options (Right to Buy) 40.6K Feb 25, 2022 Class A Common Stock 40.6K $156.50 Direct F3
holding SBAC Restricted Stock Units 1.06K Feb 25, 2022 Class A Common Stock 1.06K Direct F4, F5
holding SBAC Stock Options (Right to Buy) 44.6K Feb 25, 2022 Class A Common Stock 44.6K $182.30 Direct F6
holding SBAC Restricted Stock Units 2.07K Feb 25, 2022 Class A Common Stock 2.07K Direct F4, F7
holding SBAC Performance Restricted Stock Units 2.93K Feb 25, 2022 Class A Common Stock 2.93K Direct F9, F10
holding SBAC Performance Restricted Stock Units 2.93K Feb 25, 2022 Class A Common Stock 2.93K Direct F9, F11
holding SBAC Restricted Stock Units 2.97K Feb 25, 2022 Class A Common Stock 2.97K Direct F4, F12
holding SBAC Performance Restricted Stock Units 2.97K Feb 25, 2022 Class A Common Stock 2.97K Direct F9, F13
holding SBAC Performance Restricted Stock Units 2.97K Feb 25, 2022 Class A Common Stock 2.97K Direct F9, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 25, 2022, 977 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 These options are immediately exercisable.
F3 These options vest in accordance with the following schedule: 10,139 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
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: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F6 These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F7 These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F8 These restricted stock units vest in accordance with the following schedule: 977 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F9 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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.
F11 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.
F12 These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
F13 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.
F14 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.