Mark R. Ciarfella - Mar 4, 2022 Form 4 Insider Report for SBA COMMUNICATIONS CORP (SBAC)

Role
EVP - Operations
Signature
/s/ Thomas P. Hunt, Attorney-in-Fact
Stock symbol
SBAC
Transactions as of
Mar 4, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 05:32 PM
Previous filing
Mar 1, 2022
Next filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBAC Class A Common Stock Options Exercise +676 +3.1% 22.5K Mar 4, 2022 Direct F1, F2
transaction SBAC Class A Common Stock Options Exercise +705 +3.14% 23.2K Mar 6, 2022 Direct F3
transaction SBAC Class A Common Stock Options Exercise +693 +2.99% 23.9K Mar 6, 2022 Direct F4

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 Restricted Stock Units Options Exercise -705 -100% 0 Mar 6, 2022 Class A Common Stock 705 Direct F3, F6, F7
transaction SBAC Restricted Stock Units Options Exercise -693 -50% 693 Mar 6, 2022 Class A Common Stock 693 Direct F4, F6, F9
transaction SBAC Restricted Stock Units Options Exercise -676 -33.3% 1.35K Mar 4, 2022 Class A Common Stock 676 Direct F1, F6, F14
transaction SBAC Restricted Stock Units Award $0 +1.83K $0.00 1.83K Mar 4, 2022 Class A Common Stock 1.83K Direct F6, F17
transaction SBAC Performance Restricted Stock Units Award $0 +1.83K $0.00 1.83K Mar 4, 2022 Class A Common Stock 1.83K Direct F11, F18
transaction SBAC Performance Restricted Stock Units Award $0 +1.83K $0.00 1.83K Mar 4, 2022 Class A Common Stock 1.83K Direct F11, F19
holding SBAC Stock Options (Right to Buy) 6.76K Mar 4, 2022 Class A Common Stock 6.76K $156.50 Direct F5
holding SBAC Stock Options (Right to Buy) 16.8K Mar 4, 2022 Class A Common Stock 16.8K $182.30 Direct F8
holding SBAC Restricted Stock Units 654 Mar 4, 2022 Class A Common Stock 654 Direct F6, F10
holding SBAC Performance Restricted Stock Units 1.96K Mar 4, 2022 Class A Common Stock 1.96K Direct F11, F12
holding SBAC Performance Restricted Stock Units 1.96K Mar 4, 2022 Class A Common Stock 1.96K Direct F11, F13
holding SBAC Performance Restricted Stock Units 2.03K Mar 4, 2022 Class A Common Stock 2.03K Direct F11, F15
holding SBAC Performance Restricted Stock Units 2.03K Mar 4, 2022 Class A Common Stock 2.03K Direct F11, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 4, 2022, 676 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2 Includes 72 shares acquired on February 28, 2022 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
F3 On March 6, 2022, 705 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F4 On March 6, 2022, 693 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5 These options are immediately exercisable.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F8 These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F9 These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F10 These restricted stock units vest in accordance with the following schedule: 653 vest on the first and second anniversaries of the grant date and 654 vest on the third anniversary of the grant date (February 25, 2020).
F11 Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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.
F13 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.
F14 These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
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.
F16 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.
F17 These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
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.
F19 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.