Steven E. Bernstein - May 1, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, Chairman
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
May 1, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 05:53 PM
Previous filing
Jan 21, 2022
Next filing
May 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +183 +2.71% 6.93K May 1, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Options Exercise +190 +2.74% 7.12K May 1, 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +206 +2.89% 7.32K May 1, 2022 Direct F4
holding SBAC Class A Common Stock 102K May 1, 2022 See Footnote F5

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 Restricted Stock Units Options Exercise -183 -100% 0 May 1, 2022 Class A Common Stock 183 Direct F1, F8, F9
transaction SBAC Restricted Stock Units Options Exercise -190 -50% 190 May 1, 2022 Class A Common Stock 190 Direct F3, F8, F10
transaction SBAC Restricted Stock Units Options Exercise -206 -33.28% 413 May 1, 2022 Class A Common Stock 206 Direct F4, F8, F11
holding SBAC Stock Options (Right to Buy) 2.31K May 1, 2022 Class A Common Stock 2.31K $100.00 Direct F6
holding SBAC Stock Options (Right to Buy) 1.98K May 1, 2022 Class A Common Stock 1.98K $132.00 Direct F6
holding SBAC Stock Options (Right to Buy) 1.41K May 1, 2022 Class A Common Stock 1.41K $157.51 Direct F6
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2022 Class A Common Stock 1.5K $212.31 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2022, 183 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 Includes 5.5662 shares acquired through a dividend reinvestment plan.
F3 On May 1, 2022, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 On May 1, 2022, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F5 These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F6 These options are exercisable immediately.
F7 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.
F8 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9 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.
F10 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.
F11 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.