JASON SILBERSTEIN V. - 04 Mar 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Site Leasing
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
04 Mar 2022
Net transactions value
$0
Form type
4
Filing time
08 Mar 2022, 17:30:22 UTC
Previous filing
01 Mar 2022
Next filing
29 Apr 2022
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 +991 +6.1% 17,150 04 Mar 2022 Direct F1
transaction SBAC Class A Common Stock Options Exercise +1,057 +6.2% 18,207 06 Mar 2022 Direct F2
transaction SBAC Class A Common Stock Options Exercise +1,037 +5.7% 19,244 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 -1,057 -100% 0 06 Mar 2022 Class A Common Stock 1,057 Direct F2, F5, F6
transaction SBAC Restricted Stock Units Options Exercise -1,037 -50% 1,037 06 Mar 2022 Class A Common Stock 1,037 Direct F3, F5, F8
transaction SBAC Restricted Stock Units Options Exercise -991 -33% 1,982 04 Mar 2022 Class A Common Stock 991 Direct F1, F5, F13
transaction SBAC Restricted Stock Units Award $0 +2,637 $0.000000 2,637 04 Mar 2022 Class A Common Stock 2,637 Direct F5, F16
transaction SBAC Performance Restricted Stock Units Award $0 +2,637 $0.000000 2,637 04 Mar 2022 Class A Common Stock 2,637 Direct F10, F17
transaction SBAC Performance Restricted Stock Units Award $0 +2,637 $0.000000 2,637 04 Mar 2022 Class A Common Stock 2,637 Direct F10, F18
holding SBAC Stock Options (Right to Buy) 1,035 04 Mar 2022 Class A Common Stock 1,035 $96.58 Direct F4
holding SBAC Stock Options (Right to Buy) 50,262 04 Mar 2022 Class A Common Stock 50,262 $115.17 Direct F4
holding SBAC Stock Options (Right to Buy) 40,556 04 Mar 2022 Class A Common Stock 40,556 $156.50 Direct F4
holding SBAC Stock Options (Right to Buy) 44,592 04 Mar 2022 Class A Common Stock 44,592 $182.30 Direct F7
holding SBAC Restricted Stock Units 977 04 Mar 2022 Class A Common Stock 977 Direct F5, F9
holding SBAC Performance Restricted Stock Units 2,931 04 Mar 2022 Class A Common Stock 2,931 Direct F10, F11
holding SBAC Performance Restricted Stock Units 2,931 04 Mar 2022 Class A Common Stock 2,931 Direct F10, F12
holding SBAC Performance Restricted Stock Units 2,973 04 Mar 2022 Class A Common Stock 2,973 Direct F10, F14
holding SBAC Performance Restricted Stock Units 2,973 04 Mar 2022 Class A Common Stock 2,973 Direct F10, F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, 991 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 On March 6, 2022, 1,057 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F3 On March 6, 2022, 1,037 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F4 These options are immediately exercisable.
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 These restricted stock units vest in accordance with the following schedule: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F7 These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F8 These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F9 These restricted stock units vest in accordance with the following schedule: 977 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F10 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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 restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
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 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 restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
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.
F18 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.