Kevin L. Beebe - 17 Apr 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
Director
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Issuer symbol
SBAC
Transactions as of
17 Apr 2023
Net transactions value
-$67.29
Form type
4
Filing time
19 Apr 2023, 17:27:31 UTC
Previous filing
10 Feb 2023
Next filing
03 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise $230,800 +2,308 +16% $100.00 16,635 17 Apr 2023 Direct
transaction SBAC Class A Common Stock Tax liability $230,867 -893 -5.4% $258.53 15,742 17 Apr 2023 Direct F1

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 -2,308 -100% $0.000000* 0 17 Apr 2023 Class A Common Stock 2,308 $100.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,977 17 Apr 2023 Class A Common Stock 1,977 $132.00 Direct F2
holding SBAC Stock Options (Right to Buy) 1,411 17 Apr 2023 Class A Common Stock 1,411 $157.51 Direct F2
holding SBAC Stock Options (Right to Buy) 1,501 17 Apr 2023 Class A Common Stock 1,501 $212.31 Direct F2
holding SBAC Restricted Stock Units 190 17 Apr 2023 Class A Common Stock 190 Direct F3, F4
holding SBAC Restricted Stock Units 413 17 Apr 2023 Class A Common Stock 413 Direct F3, F5
holding SBAC Restricted Stock Units 525 17 Apr 2023 Class A Common Stock 525 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover the exercise price.
F2 These options are fully vested and exercisable.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 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.
F5 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.
F6 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.