DUNCAN COCROFT - 08 Mar 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
08 Mar 2022
Net transactions value
-$153,441
Form type
4
Filing time
10 Mar 2022, 16:42:12 UTC
Previous filing
11 Feb 2022
Next filing
03 May 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 $215,631 +1,899 +2.9% $113.55 66,491 08 Mar 2022 Direct
transaction SBAC Class A Common Stock Tax liability $369,073 -1,112 -1.7% $331.90 65,379 08 Mar 2022 Direct F1

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 Stock Options (Right to Buy) Options Exercise $0 -1,899 -100% $0.000000* 0 08 Mar 2022 Class A Common Stock 1,899 $113.55 Direct F2
holding SBAC Stock Options (Right to Buy) 2,308 08 Mar 2022 Class A Common Stock 2,308 $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,977 08 Mar 2022 Class A Common Stock 1,977 $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,411 08 Mar 2022 Class A Common Stock 1,411 $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1,501 08 Mar 2022 Class A Common Stock 1,501 $212.31 Direct F3
holding SBAC Restricted Stock Units 183 08 Mar 2022 Class A Common Stock 183 Direct F4, F5
holding SBAC Restricted Stock Units 380 08 Mar 2022 Class A Common Stock 380 Direct F4, F6
holding SBAC Restricted Stock Units 619 08 Mar 2022 Class A Common Stock 619 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for tax liability.
F2 These options are exercisable immediately.
F3 These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 These restricted stock units vest in accordance with the following schedule: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.
F6 These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.
F7 These restricted stock units vest in accordance with the following schedule: 206 vest on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.