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

Role
SVP & Chief Accounting Officer
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 25, 2022
Transactions value $
-$66,489
Form type
4
Date filed
3/1/2022, 05:03 PM
Previous filing
Sep 8, 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 +518 +2.47% 21.5K Feb 25, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$66.5K -220 -1.02% $302.30 21.3K 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 -518 -49.95% 519 Feb 25, 2022 Class A Common Stock 518 Direct F1, F6, F10
holding SBAC Stock Options (Right to Buy) 868 Feb 25, 2022 Class A Common Stock 868 $115.17 Direct F4
holding SBAC Stock Options (Right to Buy) 21.2K Feb 25, 2022 Class A Common Stock 21.2K $156.50 Direct F5
holding SBAC Restricted Stock Units 554 Feb 25, 2022 Class A Common Stock 554 Direct F6, F7
holding SBAC Stock Options (Right to Buy) 23.5K Feb 25, 2022 Class A Common Stock 23.5K $182.30 Direct F8
holding SBAC Restricted Stock Units 1.09K Feb 25, 2022 Class A Common Stock 1.09K Direct F6, F9
holding SBAC Performance Restricted Stock Units 1.56K Feb 25, 2022 Class A Common Stock 1.56K Direct F11, F12
holding SBAC Performance Restricted Stock Units 1.56K Feb 25, 2022 Class A Common Stock 1.56K Direct F11, F13
holding SBAC Restricted Stock Units 1.62K Feb 25, 2022 Class A Common Stock 1.62K Direct F6, F14
holding SBAC Performance Restricted Stock Units 1.62K Feb 25, 2022 Class A Common Stock 1.62K Direct F11, F15
holding SBAC Performance Restricted Stock Units 1.62K Feb 25, 2022 Class A Common Stock 1.62K 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, 518 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Includes 64.251 shares acquired through a dividend reinvestment plan.
F3 Shares withheld for payment of tax liability.
F4 These options are immediately exercisable.
F5 These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through 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: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018).
F8 These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F9 These restricted stock units vest in accordance with the following schedule: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 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: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary 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.