Steven E. Bernstein - 01 May 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Reporting relationship: Director, Chairman
Issuer ticker: SBAC
Reported as of: 01 May 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 03 May 2022, 17:53:53 UTC
Prior SEC filing: 21 Jan 2022
Next SEC filing: 16 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Thomas P. Hunt, Attorney-in-Fact

Key filing fact

Steven E. Bernstein filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 03 May 2022.

Key facts

This page summarizes Steven E. Bernstein's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
6 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 03 May 2022, 17:53.

Change

Previous filing in this sequence was filed on 21 Jan 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +183
Change %: +2.7%
Price
Shares after: 6,927
Date: 01 May 2022
Ownership: Direct
Footnotes: F1, F2

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +190
Change %: +2.7%
Price
Shares after: 7,117
Date: 01 May 2022
Ownership: Direct
Footnotes: F3

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +206
Change %: +2.9%
Price
Shares after: 7,323
Date: 01 May 2022
Ownership: Direct
Footnotes: F4

SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 102,390
Date: 01 May 2022
Ownership: See Footnote
Footnotes: F5

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -183
Change %: -100%
Price
Shares after: 0
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 183
Exercise price
Footnotes: F1, F8, F9

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -190
Change %: -50%
Price
Shares after: 190
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 190
Exercise price
Footnotes: F3, F8, F10

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -206
Change %: -33%
Price
Shares after: 413
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 206
Exercise price
Footnotes: F4, F8, F11

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,308
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,308
Exercise price: $100.00
Footnotes: F6

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,977
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,977
Exercise price: $132.00
Footnotes: F6

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,411
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,411
Exercise price: $157.51
Footnotes: F6

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,501
Date: 01 May 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,501
Exercise price: $212.31
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote 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.

Footnote F2

Includes 5.5662 shares acquired through a dividend reinvestment plan.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F6

These options are exercisable immediately.

Footnote 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.

Footnote F8

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote 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.

Footnote 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.

Footnote 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.