Dipan D. Patel - 04 Mar 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP Tech., Strat. & New Bus.
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Mar 2022
Net transactions value
-$77,565
Form type
4
Filing time
08 Mar 2022, 17:28:52 UTC
Previous filing
01 Mar 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +499 +24% 2,595 04 Mar 2022 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability $39,615 -122 -4.7% $326.03 2,473 04 Mar 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +471 +19% 2,944 06 Mar 2022 Direct F4
transaction SBAC Class A Common Stock Tax liability $37,950 -115 -3.9% $330.90 2,829 06 Mar 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 -50% 472 06 Mar 2022 Class A Common Stock 471 Direct F4, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -499 -33% 1,000 04 Mar 2022 Class A Common Stock 499 Direct F1, F6, F12
transaction SBAC Restricted Stock Units Award $0 +1,365 $0.000000 1,365 04 Mar 2022 Class A Common Stock 1,365 Direct F6, F15
transaction SBAC Performance Restricted Stock Units Award $0 +1,365 $0.000000 1,365 04 Mar 2022 Class A Common Stock 1,365 Direct F9, F16
transaction SBAC Performance Restricted Stock Units Award $0 +1,365 $0.000000 1,365 04 Mar 2022 Class A Common Stock 1,365 Direct F9, F17
holding SBAC Stock Options (Right to Buy) 19,173 04 Mar 2022 Class A Common Stock 19,173 $182.30 Direct F5
holding SBAC Restricted Stock Units 472 04 Mar 2022 Class A Common Stock 472 Direct F6, F8
holding SBAC Performance Restricted Stock Units 1,414 04 Mar 2022 Class A Common Stock 1,414 Direct F9, F10
holding SBAC Performance Restricted Stock Units 1,414 04 Mar 2022 Class A Common Stock 1,414 Direct F9, F11
holding SBAC Performance Restricted Stock Units 1,499 04 Mar 2022 Class A Common Stock 1,499 Direct F9, F13
holding SBAC Performance Restricted Stock Units 1,499 04 Mar 2022 Class A Common Stock 1,499 Direct F9, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, 499 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, 2021, 471 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 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).
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: 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).
F8 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).
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: 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).
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.
F15 These restricted stock units vest in accordance with the following schedule: 455 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
F16 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.
F17 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.