Jeffrey Stoops - Aug 8, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Aug 8, 2022
Transactions value $
-$30,593,833
Form type
4
Date filed
8/10/2022, 06:00 PM
Previous filing
May 26, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Sale -$7.79M -22.6K -6.56% $345.09 321K Aug 8, 2022 Direct F1
transaction SBAC Class A Common Stock Sale -$17.8M -51.7K -16.08% $345.19 270K Aug 9, 2022 Direct F2
transaction SBAC Class A Common Stock Sale -$2.32M -6.7K -2.48% $346.38 263K Aug 9, 2022 Direct F3
transaction SBAC Class A Common Stock Sale -$2.64M -7.6K -2.89% $347.38 255K Aug 9, 2022 Direct F4
holding SBAC Class A Common Stock 111K Aug 8, 2022 By LLC F5
holding SBAC Class A Common Stock 93.1K Aug 8, 2022 By LLC F5
holding SBAC Class A Common Stock 83.7K Aug 8, 2022 By LLC F5
holding SBAC Class A Common Stock 260K Aug 8, 2022 By Limited Partnership 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
holding SBAC Stock Options (Right to Buy) 138K Aug 8, 2022 Class A Common Stock 138K $156.50 Direct F7
holding SBAC Stock Options (Right to Buy) 149K Aug 8, 2022 Class A Common Stock 149K $182.30 Direct F8
holding SBAC Restricted Stock Units 3.49K Aug 8, 2022 Class A Common Stock 3.49K Direct F9, F10
holding SBAC Restricted Stock Units 3.26K Aug 8, 2022 Class A Common Stock 3.26K Direct F9, F11
holding SBAC Performance Restricted Stock Units 9.77K Aug 8, 2022 Class A Common Stock 9.77K Direct F12, F13
holding SBAC Performance Restricted Stock Units 9.77K Aug 8, 2022 Class A Common Stock 9.77K Direct F12, F14
holding SBAC Restricted Stock Units 6.75K Aug 8, 2022 Class A Common Stock 6.75K Direct F9, F15
holding SBAC Performance Restricted Stock Units 10.1K Aug 8, 2022 Class A Common Stock 10.1K Direct F12, F16
holding SBAC Performance Restricted Stock Units 10.1K Aug 8, 2022 Class A Common Stock 10.1K Direct F12, F17
holding SBAC Restricted Stock Units 8.89K Aug 8, 2022 Class A Common Stock 8.89K Direct F9, F18
holding SBAC Performance Restricted Stock Units 8.89K Aug 8, 2022 Class A Common Stock 8.89K Direct F12, F19
holding SBAC Performance Restricted Stock Units 8.89K Aug 8, 2022 Class A Common Stock 8.89K Direct F12, F20
* 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 $345.00 to $345.33 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $345.00 to $345.995 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.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $346.00 to $346.99 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 $347.055 to $348.00 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 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.
F6 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.
F7 These options are fully vested and exercisable.
F8 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).
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: 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).
F11 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).
F12 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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.
F15 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).
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 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.
F18 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).
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.
F20 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.