Duncan Cocroft - Mar 8, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 8, 2022
Transactions value $
-$153,441
Form type
4
Date filed
3/10/2022, 04:42 PM
Previous filing
Feb 11, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $216K +1.9K +2.94% $113.55 66.5K Mar 8, 2022 Direct
transaction SBAC Class A Common Stock Tax liability -$369K -1.11K -1.67% $331.90 65.4K Mar 8, 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 -1.9K -100% $0.00* 0 Mar 8, 2022 Class A Common Stock 1.9K $113.55 Direct F2
holding SBAC Stock Options (Right to Buy) 2.31K Mar 8, 2022 Class A Common Stock 2.31K $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.98K Mar 8, 2022 Class A Common Stock 1.98K $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1.41K Mar 8, 2022 Class A Common Stock 1.41K $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1.5K Mar 8, 2022 Class A Common Stock 1.5K $212.31 Direct F3
holding SBAC Restricted Stock Units 183 Mar 8, 2022 Class A Common Stock 183 Direct F4, F5
holding SBAC Restricted Stock Units 380 Mar 8, 2022 Class A Common Stock 380 Direct F4, F6
holding SBAC Restricted Stock Units 619 Mar 8, 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.