Patel Dipan D 4

4 · SBA COMMUNICATIONS CORP · Filed Mar 8, 2022

Insider Transaction Report

Form 4

Period: 2022-03-04

SBA COMMUNICATIONS CORPSBAC

Patel Dipan D

EVP Tech., Strat. & New Bus.

Transactions

Exercise/Conversion
Class A Common Stock
2022-03-04+499→ 2,594.645 total
Award
Restricted Stock Units
2022-03-04+1,365→ 1,365 total
→ Class A Common Stock (1,365 underlying)
Exercise/Conversion
Restricted Stock Units
2022-03-06−471→ 472 total
→ Class A Common Stock (471 underlying)
Award
Performance Restricted Stock Units
2022-03-04+1,365→ 1,365 total
→ Class A Common Stock (1,365 underlying)
Tax Payment
Class A Common Stock
2022-03-06$330.90/sh−114.688$37,950→ 2,829.451 total
Award
Performance Restricted Stock Units
2022-03-04+1,365→ 1,365 total
→ Class A Common Stock (1,365 underlying)
Tax Payment
Class A Common Stock
2022-03-04$326.03/sh−121.506$39,615→ 2,473.139 total
Exercise/Conversion
Class A Common Stock
2022-03-06+471→ 2,944.139 total
Exercise/Conversion
Restricted Stock Units
2022-03-04−499→ 1,000 total
→ Class A Common Stock (499 underlying)

Holdings

Performance Restricted Stock Units
→ Class A Common Stock (1,414 underlying)
1,414
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499
Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (19,173 underlying)
19,173
Restricted Stock Units
→ Class A Common Stock (472 underlying)
472
Performance Restricted Stock Units
→ Class A Common Stock (1,414 underlying)
1,414
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499

Footnotes (17)

[F1]On March 4, 2022, 499 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[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.
[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.
[F12]These restricted stock units vest in accordance with the following schedule: 499 vest on the first anniversary of the grant date and 500 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
[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.
[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.
[F15]These restricted stock units vest in accordance with the following schedule: 455 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
[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.
[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.
[F2]Includes 72 shares acquired on February 28, 2022 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
[F3]Shares withheld for payment of tax liability.
[F4]On March 6, 2021, 471 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[F5]These options vest in accordance with the following schedule: 5,067 vest on each of the first through third anniversaries of the grant date and 5,068 vest on the fourth anniversary of the grant date (March 6, 2019).
[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: 471 vest on each of the first through third anniversaries of the grant date and 472 vest on the fourth anniversary of the grant date (March 6, 2019).
[F8]These restricted stock units vest in accordance with the following schedule: 471 vest on the first and second anniversaries of the grant date and 472 vest on the third anniversary of the grant date (February 25, 2020).
[F9]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Documents

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4
doc4.xmlPrimary
FORM 4 SUBMISSION