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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
30 Mar 2023, 17:25:01 UTC
Prior SEC filing
24 Aug 2022
Next SEC filing
03 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joshua Koenig, Attorney-in-Fact

Key filing fact

Steven E. Bernstein filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 30 Mar 2023.

Key facts

  • This page summarizes Steven E. Bernstein's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 2 reported transactions and 7 derivative rows are listed below.
  • Accepted by SEC: 30 Mar 2023, 17:25.

Change

  • Previous filing in this sequence was filed on 24 Aug 2022.
  • Current net transaction value: +$230,800.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
$230,800
Shares
+2,308
Change %
+32%
Price
$100.00
Shares after
9,632
Date
28 Mar 2023
Ownership
Direct
Footnotes
F1, F2
SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
102,390
Date
28 Mar 2023
Ownership
See Footnote
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SBAC transaction Derivative

Stock Options (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-2,308
Change %
-100%
Price
$0.000000*
Shares after
0
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,308
Exercise price
$100.00
Footnotes
F4
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,977
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,977
Exercise price
$132.00
Footnotes
F4
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,411
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,411
Exercise price
$157.51
Footnotes
F4
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,501
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,501
Exercise price
$212.31
Footnotes
F4
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
190
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
190
Exercise price
Footnotes
F5, F6
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
413
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
413
Exercise price
Footnotes
F5, F7
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
525
Date
28 Mar 2023
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
525
Exercise price
Footnotes
F5, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

The Reporting Person used cash to satisfy the exercise price and tax obligation.

Footnote F2

Includes 1.377 shares acquired through a dividend reinvestment plan.

Footnote 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.

Footnote F4

These options are fully vested and exercisable.

Footnote F5

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Footnote 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.

Footnote 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.

Footnote 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.

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