Joshua Koenig - Mar 4, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Executive VP/General Counsel
Signature
/s/ Joshua Koenig
Stock symbol
SBAC
Transactions as of
Mar 4, 2023
Transactions value $
-$63,789
Form type
4
Date filed
3/7/2023, 05:59 PM
Previous filing
Feb 28, 2023
Next filing
Nov 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $0 +229 +3.79% $0.00 6.27K Mar 4, 2023 Direct F1
transaction SBAC Class A Common Stock Tax liability -$22.3K -85.5 -1.36% $260.35 6.19K Mar 6, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +215 +3.47% $0.00 6.4K Mar 4, 2023 Direct F3
transaction SBAC Class A Common Stock Tax liability -$20.9K -80.3 -1.25% $260.35 6.32K Mar 6, 2023 Direct F2
transaction SBAC Class A Common Stock Options Exercise $0 +212 +3.35% $0.00 6.54K Mar 6, 2023 Direct F4
transaction SBAC Class A Common Stock Tax liability -$20.6K -79.2 -1.21% $260.35 6.46K Mar 6, 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 Restricted Stock Units Options Exercise -212 -100% 0 Mar 6, 2023 Class A Common Stock 212 Direct F4, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -229 -50% 229 Mar 4, 2023 Class A Common Stock 229 Direct F1, F6, F8
transaction SBAC Restricted Stock Units Options Exercise -215 -33.28% 431 Mar 4, 2023 Class A Common Stock 215 Direct F3, F6, F12
transaction SBAC Restricted Stock Units Award $0 +1.97K $0.00 1.97K Mar 6, 2023 Class A Common Stock 1.97K Direct F6, F15
transaction SBAC Performance Restricted Stock Units Award $0 +1.97K $0.00 1.97K Mar 6, 2023 Class A Common Stock 1.97K Direct F9, F16
transaction SBAC Performance Restricted Stock Units Award $0 +1.97K $0.00 1.97K Mar 6, 2023 Class A Common Stock 1.97K Direct F9, F17
holding SBAC Stock Options (Right to Buy) 2.72K Mar 4, 2023 Class A Common Stock 2.72K $156.50 Direct F5
holding SBAC Stock Options (Right to Buy) 9.12K Mar 4, 2023 Class A Common Stock 9.12K $182.30 Direct F5
holding SBAC Performance Restricted Stock Units 687 Mar 4, 2023 Class A Common Stock 687 Direct F9, F10
holding SBAC Performance Restricted Stock Units 687 Mar 4, 2023 Class A Common Stock 687 Direct F9, F11
holding SBAC Performance Restricted Stock Units 646 Mar 4, 2023 Class A Common Stock 646 Direct F9, F13
holding SBAC Performance Restricted Stock Units 646 Mar 4, 2023 Class A Common Stock 646 Direct F9, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2023, 229 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Shares withheld for payment of tax liability.
F3 On March 4, 2023, 215 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F4 On March 6, 2023, 212 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 These options are immediately exercisable.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 These restricted stock units vest in accordance with the following schedule: 212 vest on the first through fourth anniversaries of the grant date (March 6, 2019).
F8 These restricted stock units vest in accordance with the following schedule: 229 vest on the first through third anniversaries of the grant date (March 4, 2021).
F9 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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.
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 restricted stock units vest in accordance with the following schedule: 215 vest on the first and second anniversaries of the grant date and 216 vest on the third anniversary of the grant date (March 4, 2022).
F13 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.
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 restricted stock units vest in accordance with the following schedule: 655 vest on the first through third anniversaries of the grant date (March 6, 2023).
F16 These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, 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 6, 2026, 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.