Jeffrey Stoops - Mar 4, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2022
Transactions value $
-$1,270,379
Form type
4
Date filed
3/8/2022, 05:29 PM
Previous filing
Mar 1, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +3.37K +1% 341K Mar 4, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Tax liability -$404K -1.24K -0.36% $326.03 340K Mar 4, 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +3.59K +1.06% 343K Mar 6, 2022 Direct F4
transaction SBAC Class A Common Stock Options Exercise +3.49K +1.02% 347K Mar 6, 2022 Direct F5
transaction SBAC Class A Common Stock Tax liability -$866K -2.62K -0.75% $330.90 344K Mar 6, 2022 Direct F3
holding SBAC Class A Common Stock 114K Mar 4, 2022 By LLC F6
holding SBAC Class A Common Stock 260K Mar 4, 2022 By Limited Partnership F7

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 -3.59K -100% 0 Mar 6, 2022 Class A Common Stock 3.59K Direct F4, F9, F10
transaction SBAC Restricted Stock Units Options Exercise -3.49K -49.99% 3.49K Mar 6, 2022 Class A Common Stock 3.49K Direct F5, F9, F12
transaction SBAC Restricted Stock Units Options Exercise -3.37K -33.33% 6.75K Mar 4, 2022 Class A Common Stock 3.37K Direct F1, F9, F17
transaction SBAC Restricted Stock Units Award $0 +8.89K $0.00 8.89K Mar 4, 2022 Class A Common Stock 8.89K Direct F9, F20
transaction SBAC Performance Restricted Stock Units Award $0 +8.89K $0.00 8.89K Mar 4, 2022 Class A Common Stock 8.89K Direct F14, F21
transaction SBAC Performance Restricted Stock Units Award $0 +8.89K $0.00 8.89K Mar 4, 2022 Class A Common Stock 8.89K Direct F14, F22
holding SBAC Stock Options (Right to Buy) 138K Mar 4, 2022 Class A Common Stock 138K $156.50 Direct F8
holding SBAC Stock Options (Right to Buy) 149K Mar 4, 2022 Class A Common Stock 149K $182.30 Direct F11
holding SBAC Restricted Stock Units 3.26K Mar 4, 2022 Class A Common Stock 3.26K Direct F9, F13
holding SBAC Performance Restricted Stock Units 9.77K Mar 4, 2022 Class A Common Stock 9.77K Direct F14, F15
holding SBAC Performance Restricted Stock Units 9.77K Mar 4, 2022 Class A Common Stock 9.77K Direct F14, F16
holding SBAC Performance Restricted Stock Units 10.1K Mar 4, 2022 Class A Common Stock 10.1K Direct F14, F18
holding SBAC Performance Restricted Stock Units 10.1K Mar 4, 2022 Class A Common Stock 10.1K Direct F14, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, 3,372 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, 3,586 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, 3,487 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6 These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
F7 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F8 These options are immediately exercisable.
F9 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F11 These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F12 These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F13 These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F14 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F15 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.
F16 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.
F17 These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F18 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.
F19 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.
F20 These restricted stock units vest in accordance with the following schedule: 2,964 vest on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F21 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.
F22 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.