Jason V. Silberstein - Apr 28, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Site Leasing
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Apr 28, 2022
Transactions value $
$299,775
Form type
4
Date filed
4/29/2022, 05:18 PM
Previous filing
Mar 8, 2022
Next filing
Aug 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $100K +1.04K +5.38% $96.58 20.3K Apr 28, 2022 Direct
transaction SBAC Class A Common Stock Options Exercise $100K +868 +4.28% $115.17 21.1K Apr 28, 2022 Direct
transaction SBAC Class A Common Stock Options Exercise $99.8K +638 +3.02% $156.50 21.8K Apr 28, 2022 Direct

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 -1.04K -100% $0.00* 0 Apr 28, 2022 Class A Common Stock 1.04K $96.58 Direct F1
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -868 -1.73% $0.00 49.4K Apr 28, 2022 Class A Common Stock 868 $115.17 Direct F1
transaction SBAC Stock Options (Right to Buy) Options Exercise $0 -638 -1.57% $0.00 39.9K Apr 28, 2022 Class A Common Stock 638 $156.50 Direct F1
holding SBAC Stock Options (Right to Buy) 44.6K Apr 28, 2022 Class A Common Stock 44.6K $182.30 Direct F2
holding SBAC Restricted Stock Units 1.04K Apr 28, 2022 Class A Common Stock 1.04K Direct F3, F4
holding SBAC Restricted Stock Units 977 Apr 28, 2022 Class A Common Stock 977 Direct F3, F5
holding SBAC Performance Restricted Stock Units 2.93K Apr 28, 2022 Class A Common Stock 2.93K Direct F6, F7
holding SBAC Performance Restricted Stock Units 2.93K Apr 28, 2022 Class A Common Stock 2.93K Direct F6, F8
holding SBAC Restricted Stock Units 1.98K Apr 28, 2022 Class A Common Stock 1.98K Direct F3, F9
holding SBAC Performance Restricted Stock Units 2.97K Apr 28, 2022 Class A Common Stock 2.97K Direct F6, F10
holding SBAC Performance Restricted Stock Units 2.97K Apr 28, 2022 Class A Common Stock 2.97K Direct F6, F11
holding SBAC Restricted Stock Units 2.64K Apr 28, 2022 Class A Common Stock 2.64K Direct F3, F12
holding SBAC Performance Restricted Stock Units 2.64K Apr 28, 2022 Class A Common Stock 2.64K Direct F6, F13
holding SBAC Performance Restricted Stock Units 2.64K Apr 28, 2022 Class A Common Stock 2.64K Direct F6, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options are immediately exercisable.
F2 These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F5 These restricted stock units vest in accordance with the following schedule: 977 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F6 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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.
F8 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.
F9 These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
F10 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.
F11 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.
F12 These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
F13 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.
F14 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.