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

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Oct 10, 2019
Transactions value $
$2,957
Form type
4
Date filed
3/29/2022, 06:06 PM
Next filing
Sep 3, 2021

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 31.8K Jun 11, 2020 Direct F1, F2
transaction SBAC Class A Common Stock Purchase $1.4K +4 +0.01% $350.37 31.8K Nov 17, 2021 Direct F1, F2
transaction SBAC Class A Common Stock Purchase $726 +3 +0.02% $242.08 19.1K Oct 10, 2019 By LLC F1, F2, F3
transaction SBAC Class A Common Stock Purchase $690 +3 +0.02% $229.98 19.1K Nov 11, 2019 By LLC F1, F2, F3
transaction SBAC Class A Common Stock Sale -$742 -3 -0.02% $247.47 19.1K Mar 2, 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) 50.2K Oct 10, 2019 Class A Common Stock 50.2K $156.50 Direct F4
holding SBAC Stock Options (Right to Buy) 55.7K Oct 10, 2019 Class A Common Stock 55.7K $182.30 Direct F5
holding SBAC Restricted Stock Units 1.3K Oct 10, 2019 Class A Common Stock 1.3K Direct F6, F7
holding SBAC Restricted Stock Units 1.22K Oct 10, 2019 Class A Common Stock 1.22K Direct F6, F8
holding SBAC Performance Restricted Stock Units 3.66K Oct 10, 2019 Class A Common Stock 3.66K Direct F9, F10
holding SBAC Performance Restricted Stock Units 3.66K Oct 10, 2019 Class A Common Stock 3.66K Direct F9, F11
holding SBAC Restricted Stock Units 2.58K Oct 10, 2019 Class A Common Stock 2.58K Direct F6, F12
holding SBAC Performance Restricted Stock Units 3.87K Oct 10, 2019 Class A Common Stock 3.87K Direct F9, F13
holding SBAC Performance Restricted Stock Units 3.87K Oct 10, 2019 Class A Common Stock 3.87K Direct F9, F14
holding SBAC Restricted Stock Units 3.47K Oct 10, 2019 Class A Common Stock 3.47K Direct F6, F15
holding SBAC Performance Restricted Stock Units 3.47K Oct 10, 2019 Class A Common Stock 3.47K Direct F9, F16
holding SBAC Performance Restricted Stock Units 3.47K Oct 10, 2019 Class A Common Stock 3.47K 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.