Jeffrey Stoops - May 24, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
May 24, 2022
Transactions value $
-$10,321,986
Form type
4
Date filed
5/26/2022, 05:52 PM
Previous filing
Mar 8, 2022
Next filing
Aug 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$878K -2.56K -2.25% $343.13 111K May 24, 2022 By LLC F1, F2
transaction SBAC Class A Common Stock Sale -$6.2M -18K -16.23% $343.90 93.1K May 24, 2022 By LLC F2, F3
transaction SBAC Class A Common Stock Sale -$3.24M -9.4K -10.1% $344.64 83.7K May 24, 2022 By LLC F2, F4
holding SBAC Class A Common Stock 344K May 24, 2022 Direct
holding SBAC Class A Common Stock 260K May 24, 2022 By Limited Partnership 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
holding SBAC Stock Options (Right to Buy) 138K May 24, 2022 Class A Common Stock 138K $156.50 Direct F6
holding SBAC Stock Options (Right to Buy) 149K May 24, 2022 Class A Common Stock 149K $182.30 Direct F7
holding SBAC Restricted Stock Units 3.49K May 24, 2022 Class A Common Stock 3.49K Direct F8, F9
holding SBAC Restricted Stock Units 3.26K May 24, 2022 Class A Common Stock 3.26K Direct F8, F10
holding SBAC Performance Restricted Stock Units 9.77K May 24, 2022 Class A Common Stock 9.77K Direct F11, F12
holding SBAC Performance Restricted Stock Units 9.77K May 24, 2022 Class A Common Stock 9.77K Direct F11, F13
holding SBAC Restricted Stock Units 6.75K May 24, 2022 Class A Common Stock 6.75K Direct F8, F14
holding SBAC Performance Restricted Stock Units 10.1K May 24, 2022 Class A Common Stock 10.1K Direct F11, F15
holding SBAC Performance Restricted Stock Units 10.1K May 24, 2022 Class A Common Stock 10.1K Direct F11, F16
holding SBAC Restricted Stock Units 8.89K May 24, 2022 Class A Common Stock 8.89K Direct F8, F17
holding SBAC Performance Restricted Stock Units 8.89K May 24, 2022 Class A Common Stock 8.89K Direct F11, F18
holding SBAC Performance Restricted Stock Units 8.89K May 24, 2022 Class A Common Stock 8.89K Direct F11, F19
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $342.38 to $343.35 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $343.39 to $344.38 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $344.39 to $344.91 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F5 These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F6 These options are immediately exercisable.
F7 These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
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: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F11 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F13 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F14 These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F15 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F16 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F17 These restricted stock units vest in accordance with the following schedule: 2,964 vest on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
F18 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F19 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2025, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.