Mark R. Ciarfella - Aug 5, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Operations
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Aug 5, 2022
Transactions value $
-$1,079,654
Form type
4
Date filed
8/5/2022, 05:29 PM
Previous filing
Jun 9, 2022
Next filing
Aug 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 $901K +5.76K +24.12% $156.50 29.6K Aug 5, 2022 Direct
transaction SBAC Class A Common Stock Sale -$1.98M -5.76K -19.43% $343.94 23.9K Aug 5, 2022 Direct F1

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 Stock Options (Right to Buy) Options Exercise $0 -5.76K -100% $0.00* 0 Aug 5, 2022 Class A Common Stock 5.76K $156.50 Direct F2
holding SBAC Stock Options (Right to Buy) 16.8K Aug 5, 2022 Class A Common Stock 16.8K $182.30 Direct F3
holding SBAC Restricted Stock Units 693 Aug 5, 2022 Class A Common Stock 693 Direct F4, F5
holding SBAC Restricted Stock Units 654 Aug 5, 2022 Class A Common Stock 654 Direct F4, F6
holding SBAC Performance Restricted Stock Units 1.96K Aug 5, 2022 Class A Common Stock 1.96K Direct F7, F8
holding SBAC Performance Restricted Stock Units 1.96K Aug 5, 2022 Class A Common Stock 1.96K Direct F7, F9
holding SBAC Restricted Stock Units 1.35K Aug 5, 2022 Class A Common Stock 1.35K Direct F4, F10
holding SBAC Performance Restricted Stock Units 2.03K Aug 5, 2022 Class A Common Stock 2.03K Direct F7, F11
holding SBAC Performance Restricted Stock Units 2.03K Aug 5, 2022 Class A Common Stock 2.03K Direct F7, F12
holding SBAC Restricted Stock Units 1.83K Aug 5, 2022 Class A Common Stock 1.83K Direct F4, F13
holding SBAC Performance Restricted Stock Units 1.83K Aug 5, 2022 Class A Common Stock 1.83K Direct F7, F14
holding SBAC Performance Restricted Stock Units 1.83K Aug 5, 2022 Class A Common Stock 1.83K Direct F7, F15
* 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 transactions ranged from $343.55 to $344.21 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 options are fully vested and exercisable.
F3 These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F4 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F6 These restricted stock units vest in accordance with the following schedule: 653 vest on the first and second anniversaries of the grant date and 654 vest on the third anniversary of the grant date (February 25, 2020).
F7 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8 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.
F9 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.
F10 These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F11 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.
F12 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.
F13 These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
F14 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.
F15 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.