Dipan D. Patel - Feb 25, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP Tech., Strat. & New Bus.
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 25, 2022
Transactions value $
-$39,123
Form type
4
Date filed
3/1/2022, 05:00 PM
Previous filing
Sep 21, 2021
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 +471 +28% 2.15K Feb 25, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$39.1K -129 -6.01% $302.30 2.02K Feb 25, 2022 Direct 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 Restricted Stock Units Options Exercise -471 -49.95% 472 Feb 25, 2022 Class A Common Stock 471 Direct F1, F5, F7
holding SBAC Stock Options (Right to Buy) 19.2K Feb 25, 2022 Class A Common Stock 19.2K $182.30 Direct F4
holding SBAC Restricted Stock Units 943 Feb 25, 2022 Class A Common Stock 943 Direct F5, F6
holding SBAC Performance Restricted Stock Units 1.41K Feb 25, 2022 Class A Common Stock 1.41K Direct F8, F9
holding SBAC Performance Restricted Stock Units 1.41K Feb 25, 2022 Class A Common Stock 1.41K Direct F8, F10
holding SBAC Restricted Stock Units 1.5K Feb 25, 2022 Class A Common Stock 1.5K Direct F5, F11
holding SBAC Performance Restricted Stock Units 1.5K Feb 25, 2022 Class A Common Stock 1.5K Direct F8, F12
holding SBAC Performance Restricted Stock Units 1.5K Feb 25, 2022 Class A Common Stock 1.5K Direct F8, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 25, 2022, 471 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Includes 7.071 shares acquired through a dividend reinvestment plan.
F3 Shares withheld for payment of tax liability.
F4 These options vest in accordance with the following schedule: 5,067 vest on each of the first through third anniversaries of the grant date and 5,068 vest on the fourth anniversary of the grant date (March 6, 2019).
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These restricted stock units vest in accordance with the following schedule: 471 vest on each of the first through third anniversaries of the grant date and 472 vest on the fourth anniversary of the grant date (March 6, 2019).
F7 These restricted stock units vest in accordance with the following schedule: 471 vest on the first and second anniversaries of the grant date and 472 vest on the third anniversary of the grant date (February 25, 2020).
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 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.
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 restricted stock units vest in accordance with the following schedule: 499 vest on the first anniversary of the grant date and 500 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F12 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.
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.