Kurt L. Bagwell - 09 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
11 Mar 2022, 16:17:56 UTC
Prior SEC filing
08 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Thomas P. Hunt, Attorney-in-Fact

Key filing fact

Kurt L. Bagwell filed Form 4 for SBA COMMUNICATIONS CORP (SBAC) on 11 Mar 2022.

Key facts

  • This page summarizes Kurt L. Bagwell's Form 4 filing for SBA COMMUNICATIONS CORP (SBAC).
  • 1 reported transaction and 12 derivative rows are listed below.
  • Accepted by SEC: 11 Mar 2022, 16:17.

Change

  • Previous filing in this sequence was filed on 08 Mar 2022.
  • Current net transaction value: -$1,239,936.

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

Sale

Transaction value
$1,239,936
Shares
-3,757
Change %
-11%
Price
$330.00
Shares after
29,529
Date
09 Mar 2022
Ownership
Direct
SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
15,530
Date
09 Mar 2022
Ownership
By LLC
Footnotes
F1
SBAC holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26
Date
09 Mar 2022
Ownership
By Trust
Footnotes
F2

Reported derivative securities

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

SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
13,519
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
13,519
Exercise price
$156.50
Footnotes
F3
SBAC holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
30,487
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
30,487
Exercise price
$182.30
Footnotes
F4
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,367
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,367
Exercise price
Footnotes
F5, F6
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,286
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,286
Exercise price
Footnotes
F5, F7
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,856
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,856
Exercise price
Footnotes
F8, F9
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,856
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,856
Exercise price
Footnotes
F8, F10
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,582
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
2,582
Exercise price
Footnotes
F5, F11
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,872
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,872
Exercise price
Footnotes
F8, F12
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,872
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,872
Exercise price
Footnotes
F8, F13
SBAC holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,413
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F5, F14
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,413
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F8, F15
SBAC holding Derivative

Performance Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,413
Date
09 Mar 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
3,413
Exercise price
Footnotes
F8, F16
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 16 footnotes

Footnote F1

These shares are held by a limited liability company of which the Reporting Person is the sole manager and whose revocable trust is the sole member.

Footnote F2

The trust is for the benefit of one of the Reporting Person's children.

Footnote F3

These options are immediately exercisable.

Footnote F4

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 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: 1,366 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 F7

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 F8

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

Footnote F9

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 F10

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 F11

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 F12

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 F13

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 F14

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 F15

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 F16

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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