Brian D. Lazarus - Feb 3, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
SVP & Chief Accounting Officer
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Feb 3, 2023
Transactions value $
-$282
Form type
4
Date filed
2/7/2023, 04:37 PM
Previous filing
Mar 8, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $99.8K +638 +2.83% $156.50 23.2K Feb 3, 2023 Direct F1
transaction SBAC Class A Common Stock Tax liability -$100K -325 -1.4% $308.09 22.9K Feb 3, 2023 Direct F2

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 -638 -3% $0.00 20.6K Feb 3, 2023 Class A Common Stock 638 $156.50 Direct F3
holding SBAC Stock Options (Right to Buy) 23.5K Feb 3, 2023 Class A Common Stock 23.5K $182.30 Direct F4
holding SBAC Restricted Stock Units 547 Feb 3, 2023 Class A Common Stock 547 Direct F5, F6
holding SBAC Restricted Stock Units 519 Feb 3, 2023 Class A Common Stock 519 Direct F5, F7
holding SBAC Performance Restricted Stock Units 1.56K Feb 3, 2023 Class A Common Stock 1.56K Direct F8, F9
holding SBAC Performance Restricted Stock Units 1.56K Feb 3, 2023 Class A Common Stock 1.56K Direct F8, F10
holding SBAC Restricted Stock Units 1.08K Feb 3, 2023 Class A Common Stock 1.08K Direct F5, F11
holding SBAC Performance Restricted Stock Units 1.62K Feb 3, 2023 Class A Common Stock 1.62K Direct F8, F12
holding SBAC Performance Restricted Stock Units 1.62K Feb 3, 2023 Class A Common Stock 1.62K Direct F8, F13
holding SBAC Restricted Stock Units 1.46K Feb 3, 2023 Class A Common Stock 1.46K Direct F5, F14
holding SBAC Performance Restricted Stock Units 1.46K Feb 3, 2023 Class A Common Stock 1.46K Direct F8, F15
holding SBAC Performance Restricted Stock Units 1.46K Feb 3, 2023 Class A Common Stock 1.46K Direct F8, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 199.253 shares acquired through a dividend reinvestment plan.
F2 Represents shares used to pay option exercise price.
F3 These options are immediately exercisable.
F4 These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
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: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
F7 These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 vest on the third anniversary of the grant date (February 25, 2020).
F8 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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 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.
F11 These restricted stock units vest in accordance with the following schedule: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary of the grant date (March 4, 2021).
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 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.
F14 These restricted stock units vest in accordance with the following schedule: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
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.
F16 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.