Fidelma M. Russo - 01 May 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
01 May 2022
Net transactions value
-$50,858
Form type
4
Filing time
03 May 2022, 17:56:40 UTC
Previous filing
04 Jun 2021
Next filing
16 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +190 +202% 284 01 May 2022 Direct F1
transaction SBAC Class A Common Stock Options Exercise +206 +73% 490 01 May 2022 Direct F2
transaction SBAC Class A Common Stock Tax liability $50,858 -147 -30% $347.11 343 01 May 2022 Direct 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
transaction SBAC Restricted Stock Units Options Exercise -190 -50% 190 01 May 2022 Class A Common Stock 190 Direct F1, F5, F6
transaction SBAC Restricted Stock Units Options Exercise -206 -33% 413 01 May 2022 Class A Common Stock 206 Direct F2, F5, F7
holding SBAC Stock Options (Right to Buy) 10,000 01 May 2022 Class A Common Stock 10,000 $240.99 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 1, 2022, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2 On May 1, 2022, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3 Share withheld for tax liability.
F4 These options vest in accordance with the following schedule: 2,000 vest on each of the first through fifth anniversaries of the grant date (January 1, 2020).
F5 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 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.
F7 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.