Steven E. Bernstein - Mar 28, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director, Chairman
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 28, 2023
Transactions value $
$230,800
Form type
4
Date filed
3/30/2023, 05:25 PM
Previous filing
Aug 24, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $231K +2.31K +31.51% $100.00 9.63K Mar 28, 2023 Direct F1, F2
holding SBAC Class A Common Stock 102K Mar 28, 2023 See Footnote F3

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 -2.31K -100% $0.00* 0 Mar 28, 2023 Class A Common Stock 2.31K $100.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1.98K Mar 28, 2023 Class A Common Stock 1.98K $132.00 Direct F4
holding SBAC Stock Options (Right to Buy) 1.41K Mar 28, 2023 Class A Common Stock 1.41K $157.51 Direct F4
holding SBAC Stock Options (Right to Buy) 1.5K Mar 28, 2023 Class A Common Stock 1.5K $212.31 Direct F4
holding SBAC Restricted Stock Units 190 Mar 28, 2023 Class A Common Stock 190 Direct F5, F6
holding SBAC Restricted Stock Units 413 Mar 28, 2023 Class A Common Stock 413 Direct F5, F7
holding SBAC Restricted Stock Units 525 Mar 28, 2023 Class A Common Stock 525 Direct F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person used cash to satisfy the exercise price and tax obligation.
F2 Includes 1.377 shares acquired through a dividend reinvestment plan.
F3 These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F4 These options are fully vested and exercisable.
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: 190 vested on May 1, 2021; 190 vested on May 1, 2022; and 190 vest on May 1, 2023.
F7 These restricted stock units vest in accordance with the following schedule: 206 vested on May 1, 2022; 206 vest on May 1, 2023; and 207 vest on May 1, 2024.
F8 These restricted stock units vest in accordance with the following schedule: 175 vest on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.