Jason V. Silberstein - Dec 29, 2023 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Site Leasing
Signature
/s/ Joshua Koenig, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 05:30 PM
Previous filing
Dec 15, 2023
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Gift $0 -400 -1.34% $0.00 29.5K Dec 29, 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
holding SBAC Stock Options (Right to Buy) 16.5K Dec 29, 2023 Class A Common Stock 16.5K $115.17 Direct F2
holding SBAC Stock Options (Right to Buy) 39.9K Dec 29, 2023 Class A Common Stock 39.9K $156.50 Direct F2
holding SBAC Stock Options (Right to Buy) 44.6K Dec 29, 2023 Class A Common Stock 44.6K $182.30 Direct F2
holding SBAC Restricted Stock Units 991 Dec 29, 2023 Class A Common Stock 991 Direct F3, F4
holding SBAC Performance Restricted Stock Units 2.97K Dec 29, 2023 Class A Common Stock 2.97K Direct F5, F6
holding SBAC Performance Restricted Stock Units 2.97K Dec 29, 2023 Class A Common Stock 2.97K Direct F5, F7
holding SBAC Restricted Stock Units 1.76K Dec 29, 2023 Class A Common Stock 1.76K Direct F3, F8
holding SBAC Performance Restricted Stock Units 2.64K Dec 29, 2023 Class A Common Stock 2.64K Direct F5, F9
holding SBAC Performance Restricted Stock Units 2.64K Dec 29, 2023 Class A Common Stock 2.64K Direct F5, F10
holding SBAC Restricted Stock Units 3.1K Dec 29, 2023 Class A Common Stock 3.1K Direct F3, F11
holding SBAC Performance Restricted Stock Units 3.1K Dec 29, 2023 Class A Common Stock 3.1K Direct F5, F12
holding SBAC Performance Restricted Stock Units 3.1K Dec 29, 2023 Class A Common Stock 3.1K Direct F5, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a 501(c)(3) charitable fund in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2 These options are immediately 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: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
F5 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 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.
F7 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.
F8 These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
F9 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.
F10 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.
F11 These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries of the grant date (March 6, 2023).
F12 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.
F13 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.