Brendan Thomas Cavanagh - 04 Mar 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Mar 2022
Net transactions value
-$504,692
Form type
4
Filing time
08 Mar 2022, 17:27:23 UTC
Previous filing
01 Mar 2022
Next filing
28 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +1,290 +4.4% 30,687 04 Mar 2022 Direct F1
transaction SBAC Class A Common Stock Tax liability $165,498 -508 -1.7% $326.03 30,180 04 Mar 2022 Direct F2
transaction SBAC Class A Common Stock Options Exercise +1,309 +4.3% 31,489 06 Mar 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +1,296 +4.1% 32,785 06 Mar 2022 Direct F4
transaction SBAC Class A Common Stock Tax liability $339,195 -1,025 -3.1% $330.90 31,760 06 Mar 2022 Direct F2
holding SBAC Class A Common Stock 19,049 04 Mar 2022 By LLC F5

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 -1,309 -100% 0 06 Mar 2022 Class A Common Stock 1,309 Direct F3, F7, F8
transaction SBAC Restricted Stock Units Options Exercise -1,296 -50% 1,296 06 Mar 2022 Class A Common Stock 1,296 Direct F4, F7, F10
transaction SBAC Restricted Stock Units Options Exercise -1,290 -33% 2,582 04 Mar 2022 Class A Common Stock 1,290 Direct F1, F7, F15
transaction SBAC Restricted Stock Units Award $0 +3,465 $0.000000 3,465 04 Mar 2022 Class A Common Stock 3,465 Direct F7, F18
transaction SBAC Performance Restricted Stock Units Award $0 +3,465 $0.000000 3,465 04 Mar 2022 Class A Common Stock 3,465 Direct F12, F19
transaction SBAC Performance Restricted Stock Units Award $0 +3,465 $0.000000 3,465 04 Mar 2022 Class A Common Stock 3,465 Direct F12, F20
holding SBAC Stock Options (Right to Buy) 50,212 04 Mar 2022 Class A Common Stock 50,212 $156.50 Direct F6
holding SBAC Stock Options (Right to Buy) 55,741 04 Mar 2022 Class A Common Stock 55,741 $182.30 Direct F9
holding SBAC Restricted Stock Units 1,221 04 Mar 2022 Class A Common Stock 1,221 Direct F7, F11
holding SBAC Performance Restricted Stock Units 3,663 04 Mar 2022 Class A Common Stock 3,663 Direct F12, F13
holding SBAC Performance Restricted Stock Units 3,663 04 Mar 2022 Class A Common Stock 3,663 Direct F12, F14
holding SBAC Performance Restricted Stock Units 3,872 04 Mar 2022 Class A Common Stock 3,872 Direct F12, F16
holding SBAC Performance Restricted Stock Units 3,872 04 Mar 2022 Class A Common Stock 3,872 Direct F12, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, 1,290 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Shares withheld for payment of tax liability.
F3 On March 6, 2022, 1,309 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 On March 6, 2022, 1,296 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
F6 These options are immediately exercisable.
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F9 These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F11 These restricted stock units vest in accordance with the following schedule: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F12 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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.
F15 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 vests on each of the second and third anniversaries of the grant date (March 4, 2021).
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.
F17 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.
F18 These restricted stock units vest in accordance with the following schedule: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022).
F19 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, 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.
F20 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, 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.