Jack Langer - 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, 05:58 PM
Previous filing
Feb 11, 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 +3.92% 4.86K May 1, 2022 Direct F1
transaction SBAC Class A Common Stock Options Exercise +190 +3.91% 5.05K May 1, 2022 Direct F2
transaction SBAC Class A Common Stock Options Exercise +206 +4.08% 5.25K May 1, 2022 Direct F3
transaction SBAC Class A Common Stock Tax liability -$74.4K -214 -4.08% $347.11 5.04K May 1, 2022 Direct F4
holding SBAC Class A Common Stock 19.8K May 1, 2022 By Trust F5, F6

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, F9, F10
transaction SBAC Restricted Stock Units Options Exercise -190 -50% 190 May 1, 2022 Class A Common Stock 190 Direct F2, F9, F11
transaction SBAC Restricted Stock Units Options Exercise -206 -33.28% 413 May 1, 2022 Class A Common Stock 206 Direct F3, F9, F12
holding SBAC Stock Options (Right to Buy) 2.31K May 1, 2022 Class A Common Stock 2.31K $100.00 Direct F7
holding SBAC Stock Options (Right to Buy) 1.98K May 1, 2022 Class A Common Stock 1.98K $132.00 Direct F7
holding SBAC Stock Options (Right to Buy) 1.41K May 1, 2022 Class A Common Stock 1.41K $157.51 Direct F7
holding SBAC Stock Options (Right to Buy) 1.5K May 1, 2022 Class A Common Stock 1.5K $212.31 Direct F8
* 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 Includes 33.152 shares acquired through a dividend reinvestment plan.
F6 The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F7 These options are immediately exercisable.
F8 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.
F9 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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.
F11 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.
F12 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.