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4//SEC Filing

BAGWELL KURT L 4

Accession 0001209191-22-014243

CIK 0001034054other
View on SEC.govCompany Profile

Filed

Feb 28, 7:00 PM ET

Accepted

Mar 1, 5:57 PM ET

Size

24.9 KB

Accession

0001209191-22-014243

Insider Transaction Report

Form 4
Period: 2022-02-25
SBA COMMUNICATIONS CORPSBAC
BAGWELL KURT L
Chief Operating Officer
Transactions
  • Tax Payment

    Class A Common Stock

    2022-02-25$302.30/sh−282.7$85,460→ 30,531.3 total
  • Exercise/Conversion

    Class A Common Stock

    2022-02-25+1,285→ 30,814 total
  • Exercise/Conversion

    Restricted Stock Units

    2022-02-25−1,285→ 1,286 total
    → Class A Common Stock (1,285 underlying)
Holdings

  • Restricted Stock Units

    → Class A Common Stock (3,872 underlying)
    3,872

  • Performance Restricted Stock Units

    → Class A Common Stock (3,856 underlying)
    3,856

  • Restricted Stock Units

    → Class A Common Stock (1,409 underlying)
    1,409

  • Class A Common Stock

    (indirect: By LLC)
    15,530

  • Stock Options (Right to Buy)

    Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (13,519 underlying)
    13,519

  • Stock Options (Right to Buy)

    Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (30,487 underlying)
    30,487

  • Performance Restricted Stock Units

    → Class A Common Stock (3,872 underlying)
    3,872

  • Class A Common Stock

    (indirect: By Trust)
    26

  • Restricted Stock Units

    → Class A Common Stock (2,734 underlying)
    2,734

  • Performance Restricted Stock Units

    → Class A Common Stock (3,856 underlying)
    3,856

  • Performance Restricted Stock Units

    → Class A Common Stock (3,872 underlying)
    3,872
Footnotes (16)
  • [F1]On February 25, 2022, 1,285 of the Reporting Person's restricted stock units were settled for an equal number of share of Class A Common Stock.
  • [F10]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).
  • [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: 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).
  • [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.
  • [F2]Shares withheld for payment of tax liability.
  • [F3]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.
  • [F4]The trust is for the benefit of one of the Reporting Person's children.
  • [F5]These options vest in accordance with the following schedule: 13,518 vest on each of the first and the third anniversaries of the grant date, and 13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
  • [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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
  • [F8]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).
  • [F9]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).

Documents

1 file

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→
Entity typeother

Related Parties

1
  • filerCIK 0001175022

Filing Metadata

Form type
4
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 5:57 PM ET
Size
24.9 KB
View on SEC.gov