Duncan Cocroft - May 1, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
May 1, 2022
Transactions value $
-$74,361
Form type
4
Date filed
5/3/2022, 05:54 PM
Previous filing
Mar 10, 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 +0.28% 65.6K May 1, 2022 Direct F1
transaction SBAC Class A Common Stock Options Exercise +190 +0.29% 65.8K May 1, 2022 Direct F2
transaction SBAC Class A Common Stock Options Exercise +206 +0.31% 66K May 1, 2022 Direct F3
transaction SBAC Class A Common Stock Tax liability -$74.4K -214 -0.32% $347.11 65.7K May 1, 2022 Direct F4

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, F7, F8
transaction SBAC Restricted Stock Units Options Exercise -190 -50% 190 May 1, 2022 Class A Common Stock 190 Direct F2, F7, F9
transaction SBAC Restricted Stock Units Options Exercise -206 -33.28% 413 May 1, 2022 Class A Common Stock 206 Direct F3, F7, F10
holding SBAC Stock Options (Right to Buy) 2.31K May 1, 2022 Class A Common Stock 2.31K $100.00 Direct F5
holding SBAC Stock Options (Right to Buy) 1.98K May 1, 2022 Class A Common Stock 1.98K $132.00 Direct F5
holding SBAC Stock Options (Right to Buy) 1.41K May 1, 2022 Class A Common Stock 1.41K $157.51 Direct F5
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2022 Class A Common Stock 1.5K $212.31 Direct F6
* 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 On May 1, 2022, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3 On May 1, 2022, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F4 Shares withheld for tax liability.
F5 These options are exercisable immediately.
F6 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.
F7 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 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.
F9 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.
F10 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.