Brendan Thomas Cavanagh - 10 Oct 2019 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role: Executive Vice President & CFO
Signature: /s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol: SBAC
Transactions as of: 10 Oct 2019
Net transactions value: +$2,957
Form type: 4
Filing time: 29 Mar 2022, 18:06:33 UTC
Next filing: 03 Sep 2021
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	Purchase	$882	+3	+0.01%	$294.04	31,763	11 Jun 2020	Direct	F1, F2
transaction	SBAC	Class A Common Stock	Purchase	$1,401	+4	+0.01%	$350.37	31,767	17 Nov 2021	Direct	F1, F2
transaction	SBAC	Class A Common Stock	Purchase	$726	+3	+0.02%	$242.08	19,052	10 Oct 2019	By LLC	F1, F2, F3
transaction	SBAC	Class A Common Stock	Purchase	$690	+3	+0.02%	$229.98	19,055	11 Nov 2019	By LLC	F1, F2, F3
transaction	SBAC	Class A Common Stock	Sale	$742	-3	-0.02%	$247.47	19,052	02 Mar 2021	By LLC	F1, F2, 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
holding	SBAC	Stock Options (Right to Buy)						50,212	10 Oct 2019	Class A Common Stock	50,212	$156.50	Direct	F4
holding	SBAC	Stock Options (Right to Buy)						55,741	10 Oct 2019	Class A Common Stock	55,741	$182.30	Direct	F5
holding	SBAC	Restricted Stock Units						1,296	10 Oct 2019	Class A Common Stock	1,296		Direct	F6, F7
holding	SBAC	Restricted Stock Units						1,221	10 Oct 2019	Class A Common Stock	1,221		Direct	F6, F8
holding	SBAC	Performance Restricted Stock Units						3,663	10 Oct 2019	Class A Common Stock	3,663		Direct	F9, F10
holding	SBAC	Performance Restricted Stock Units						3,663	10 Oct 2019	Class A Common Stock	3,663		Direct	F9, F11
holding	SBAC	Restricted Stock Units						2,582	10 Oct 2019	Class A Common Stock	2,582		Direct	F6, F12
holding	SBAC	Performance Restricted Stock Units						3,872	10 Oct 2019	Class A Common Stock	3,872		Direct	F9, F13
holding	SBAC	Performance Restricted Stock Units						3,872	10 Oct 2019	Class A Common Stock	3,872		Direct	F9, F14
holding	SBAC	Restricted Stock Units						3,465	10 Oct 2019	Class A Common Stock	3,465		Direct	F6, F15
holding	SBAC	Performance Restricted Stock Units						3,465	10 Oct 2019	Class A Common Stock	3,465		Direct	F9, F16
holding	SBAC	Performance Restricted Stock Units						3,465	10 Oct 2019	Class A Common Stock	3,465		Direct	F9, F17

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported herein were made in accounts managed by a financial advisor to the Reporting Person, which advisor had full investment control. Due to an oversight on the part of the advisor, the advisor made the transactions reported herein without the Reporting Person's knowledge. The transactions resulted in short-swing profits of $345.26, which the Reporting Person has disgorged to the Issuer in accordance with Section 16(b) of the Securities Exchange Act of 1934.
F2	The Reporting Person's Form 4s filed after the date of the transactions reported herein do not reflect the net 10 additional shares of Class A common stock that the Reporting Person acquired as a result of those transactions.
F3	These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
F4	These options are immediately exercisable.
F5	These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
F6	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7	These restricted stock units vest in accordance with the following schedule: 1,296 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: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F9	Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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 restricted stock units vest in accordance with the following schedule: 1,290 vest on the first anniversary of the grant date and 1,291 vests on each of the second and third anniversaries of the grant date (March 4, 2021).
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 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 restricted stock units vest in accordance with the following schedule: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022).
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.
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.