Kurt L. Bagwell - Mar 9, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP; Pres. - International
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 9, 2022
Transactions value $
-$1,239,936
Form type
4
Date filed
3/11/2022, 04:17 PM
Previous filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$1.24M -3.76K -11.29% $330.00 29.5K Mar 9, 2022 Direct
holding SBAC Class A Common Stock 15.5K Mar 9, 2022 By LLC F1
holding SBAC Class A Common Stock 26 Mar 9, 2022 By Trust F2

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
holding SBAC Stock Options (Right to Buy) 13.5K Mar 9, 2022 Class A Common Stock 13.5K $156.50 Direct F3
holding SBAC Stock Options (Right to Buy) 30.5K Mar 9, 2022 Class A Common Stock 30.5K $182.30 Direct F4
holding SBAC Restricted Stock Units 1.37K Mar 9, 2022 Class A Common Stock 1.37K Direct F5, F6
holding SBAC Restricted Stock Units 1.29K Mar 9, 2022 Class A Common Stock 1.29K Direct F5, F7
holding SBAC Performance Restricted Stock Units 3.86K Mar 9, 2022 Class A Common Stock 3.86K Direct F8, F9
holding SBAC Performance Restricted Stock Units 3.86K Mar 9, 2022 Class A Common Stock 3.86K Direct F8, F10
holding SBAC Restricted Stock Units 2.58K Mar 9, 2022 Class A Common Stock 2.58K Direct F5, F11
holding SBAC Performance Restricted Stock Units 3.87K Mar 9, 2022 Class A Common Stock 3.87K Direct F8, F12
holding SBAC Performance Restricted Stock Units 3.87K Mar 9, 2022 Class A Common Stock 3.87K Direct F8, F13
holding SBAC Restricted Stock Units 3.41K Mar 9, 2022 Class A Common Stock 3.41K Direct F5, F14
holding SBAC Performance Restricted Stock Units 3.41K Mar 9, 2022 Class A Common Stock 3.41K Direct F8, F15
holding SBAC Performance Restricted Stock Units 3.41K Mar 9, 2022 Class A Common Stock 3.41K Direct F8, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by a limited liability company of which the Reporting Person is the sole manager and whose revocable trust is the sole member.
F2 The trust is for the benefit of one of the Reporting Person's children.
F3 These options are immediately exercisable.
F4 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).
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: 1,366 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).
F7 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).
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 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.
F10 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.
F11 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).
F12 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.
F13 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.
F14 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).
F15 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.
F16 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.