Thomas P. Hunt - Mar 4, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Executive VP/General Counsel
Signature
/s/ Thomas P. Hunt
Stock symbol
SBAC
Transactions as of
Mar 4, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 05:31 PM
Previous filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +1.29K +1.09% 120K Mar 4, 2022 Direct F1
transaction SBAC Class A Common Stock Options Exercise +1.41K +1.17% 121K Mar 6, 2022 Direct F2
transaction SBAC Class A Common Stock Options Exercise +1.37K +1.13% 123K 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 -1.41K -100% 0 Mar 6, 2022 Class A Common Stock 1.41K Direct F2, F5, F6
transaction SBAC Restricted Stock Units Options Exercise -1.37K -50% 1.37K Mar 6, 2022 Class A Common Stock 1.37K Direct F3, F5, F8
transaction SBAC Restricted Stock Units Options Exercise -1.29K -33.32% 2.58K Mar 4, 2022 Class A Common Stock 1.29K Direct F1, F5, F13
transaction SBAC Restricted Stock Units Award $0 +3.41K $0.00 3.41K Mar 4, 2022 Class A Common Stock 3.41K Direct F5, F16
transaction SBAC Performance Restricted Stock Units Award $0 +3.41K $0.00 3.41K Mar 4, 2022 Class A Common Stock 3.41K Direct F10, F17
transaction SBAC Performance Restricted Stock Units Award $0 +3.41K $0.00 3.41K Mar 4, 2022 Class A Common Stock 3.41K Direct F10, F18
holding SBAC Stock Options (Right to Buy) 13.5K Mar 4, 2022 Class A Common Stock 13.5K $156.50 Direct F4
holding SBAC Stock Options (Right to Buy) 29.4K Mar 4, 2022 Class A Common Stock 29.4K $182.30 Direct F7
holding SBAC Restricted Stock Units 1.29K Mar 4, 2022 Class A Common Stock 1.29K Direct F5, F9
holding SBAC Performance Restricted Stock Units 3.86K Mar 4, 2022 Class A Common Stock 3.86K Direct F10, F11
holding SBAC Performance Restricted Stock Units 3.86K Mar 4, 2022 Class A Common Stock 3.86K Direct F10, F12
holding SBAC Performance Restricted Stock Units 3.87K Mar 4, 2022 Class A Common Stock 3.87K Direct F10, F14
holding SBAC Performance Restricted Stock Units 3.87K Mar 4, 2022 Class A Common Stock 3.87K 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, 1,290 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, 1,409 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, 1,367 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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F7 These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
F8 These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 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: 1,285 vest on the first and second anniversaries of the grant date and 1,286 vest on the third anniversary 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: 1,290 vest on the first anniversary of the grant date and 1,291 vest on each of the second and 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: 1,137 vest on the first anniversary of the grant date and 1,138 vest on each of the second and 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.