Thomas P. Hunt - 04 Mar 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Mar 2022, 17:31:07 UTC
Prior SEC filing
01 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Thomas P. Hunt

Key filing fact

Thomas P. Hunt filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 08 Mar 2022.

Key facts

  • This page summarizes Thomas P. Hunt's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 9 reported transactions and 13 derivative rows are listed below.
  • Accepted by SEC: 08 Mar 2022, 17:31.

Change

  • Previous filing in this sequence was filed on 01 Mar 2022.
  • Current net transaction value: $0.

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
Shares
+1,290
Change %
+1.1%
Price
Shares after
119,967
Date
04 Mar 2022
Ownership
Direct
Footnotes
F1
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+1,409
Change %
+1.2%
Price
Shares after
121,376
Date
06 Mar 2022
Ownership
Direct
Footnotes
F2
SBAC transaction

Class A Common Stock

Options Exercise

Transaction value
Shares
+1,367
Change %
+1.1%
Price
Shares after
122,743
Date
06 Mar 2022
Ownership
Direct
Footnotes
F3

Reported derivative securities

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

SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-1,409
Change %
-100%
Price
Shares after
0
Date
06 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,409
Exercise price
Footnotes
F2, F5, F6
SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-1,367
Change %
-50%
Price
Shares after
1,367
Date
06 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,367
Exercise price
Footnotes
F3, F5, F8
SBAC transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-1,290
Change %
-33%
Price
Shares after
2,582
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,290
Exercise price
Footnotes
F1, F5, F13
SBAC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+3,413
Change %
Price
$0.000000
Shares after
3,413
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F5, F16
SBAC transaction Derivative

Performance Restricted Stock Units

Award

Transaction value
$0
Shares
+3,413
Change %
Price
$0.000000
Shares after
3,413
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F10, F17
SBAC transaction Derivative

Performance Restricted Stock Units

Award

Transaction value
$0
Shares
+3,413
Change %
Price
$0.000000
Shares after
3,413
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F10, F18
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
13,519
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
13,519
Exercise price
$156.50
Footnotes
F4
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
29,391
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
29,391
Exercise price
$182.30
Footnotes
F7
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,286
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,286
Exercise price
Footnotes
F5, F9
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,856
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,856
Exercise price
Footnotes
F10, F11
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,856
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,856
Exercise price
Footnotes
F10, F12
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,872
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,872
Exercise price
Footnotes
F10, F14
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,872
Date
04 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,872
Exercise price
Footnotes
F10, F15
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 18 footnotes

Footnote F1

On March 4, 2022, 1,290 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

Footnote F2

On March 6, 2022, 1,409 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

Footnote F3

On March 6, 2022, 1,367 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

Footnote F4

These options are immediately 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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).

Footnote F7

These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).

Footnote F8

These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).

Footnote F9

These restricted stock units vest in accordance with the following schedule: 1,285 vest on the first and second anniversaries of the grant date and 1,286 vest on the third anniversary of the grant date (February 25, 2020).

Footnote F10

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

Footnote F11

These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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.

Footnote F12

These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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.

Footnote F13

These restricted stock units vest in accordance with the following schedule: 1,290 vest on the first anniversary of the grant date and 1,291 vest on each of the second and third anniversaries of the grant date (March 4, 2021).

Footnote F14

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.

Footnote F15

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.

Footnote F16

These restricted stock units vest in accordance with the following schedule: 1,137 vest on the first anniversary of the grant date and 1,138 vest on each of the second and third anniversaries of the grant date (March 4, 2022).

Footnote F17

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.

Footnote F18

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.

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