Brian D. Lazarus - Mar 4, 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
Mar 4, 2022
Transactions value $
-$212,636
Form type
4
Date filed
3/8/2022, 05:28 PM
Previous filing
Mar 1, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +541 +2.53% 21.9K Mar 4, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$69.4K -213 -0.97% $326.03 21.7K Mar 4, 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +554 +2.55% 22.2K Mar 6, 2022 Direct F4
transaction SBAC Class A Common Stock Options Exercise +546 +2.46% 22.8K Mar 6, 2022 Direct F5
transaction SBAC Class A Common Stock Tax liability -$143K -433 -1.9% $330.90 22.4K Mar 6, 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 -554 -100% 0 Mar 6, 2022 Class A Common Stock 554 Direct F4, F7, F8
transaction SBAC Restricted Stock Units Options Exercise -546 -49.95% 547 Mar 6, 2022 Class A Common Stock 546 Direct F5, F7, F10
transaction SBAC Restricted Stock Units Options Exercise -541 -33.31% 1.08K Mar 4, 2022 Class A Common Stock 541 Direct F1, F7, F15
transaction SBAC Restricted Stock Units Award $0 +1.46K $0.00 1.46K Mar 6, 2022 Class A Common Stock 1.46K Direct F7, F18
transaction SBAC Performance Restricted Stock Units Award $0 +1.46K $0.00 1.46K Mar 6, 2022 Class A Common Stock 1.46K Direct F12, F19
transaction SBAC Performance Restricted Stock Units Award $0 +1.46K $0.00 1.46K Mar 6, 2022 Class A Common Stock 1.46K Direct F12, F20
holding SBAC Stock Options (Right to Buy) 21.2K Mar 4, 2022 Class A Common Stock 21.2K $156.50 Direct F6
holding SBAC Stock Options (Right to Buy) 23.5K Mar 4, 2022 Class A Common Stock 23.5K $182.30 Direct F9
holding SBAC Restricted Stock Units 519 Mar 4, 2022 Class A Common Stock 519 Direct F7, F11
holding SBAC Performance Restricted Stock Units 1.56K Mar 4, 2022 Class A Common Stock 1.56K Direct F12, F13
holding SBAC Performance Restricted Stock Units 1.56K Mar 4, 2022 Class A Common Stock 1.56K Direct F12, F14
holding SBAC Performance Restricted Stock Units 1.62K Mar 4, 2022 Class A Common Stock 1.62K Direct F12, F16
holding SBAC Performance Restricted Stock Units 1.62K Mar 4, 2022 Class A Common Stock 1.62K 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, 541 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Includes 72 shares acquired on February 28, 2022 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F3 Shares withheld for payment of tax liability.
F4 On March 6, 2022, 554 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 On March 6, 2022, 546 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
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: 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).
F9 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).
F10 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).
F11 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).
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: 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).
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: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and 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.