BAGWELL KURT L 4

Accession 0001209191-22-017251

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 7, 7:00 PM ET

Accepted

Mar 8, 6:33 PM ET

Size

39.3 KB

Accession

0001209191-22-017251

Insider Transaction Report

Form 4

Period: 2022-03-04

SBA COMMUNICATIONS CORPSBAC

BAGWELL KURT L

Chief Operating Officer

Transactions

Exercise/Conversion
Class A Common Stock
2022-03-04+1,290→ 31,821.3 total
Award
Restricted Stock Units
2022-03-04+3,413→ 3,413 total
→ Class A Common Stock (3,413 underlying)
Tax Payment
Class A Common Stock
2022-03-06$330.90/sh−1,027.119$339,874→ 33,286.382 total
Exercise/Conversion
Restricted Stock Units
2022-03-06−1,367→ 1,367 total
→ Class A Common Stock (1,367 underlying)
Award
Performance Restricted Stock Units
2022-03-04+3,413→ 3,413 total
→ Class A Common Stock (3,413 underlying)
Exercise/Conversion
Class A Common Stock
2022-03-06+1,409→ 32,946.501 total
Exercise/Conversion
Restricted Stock Units
2022-03-06−1,409→ 0 total
→ Class A Common Stock (1,409 underlying)
Tax Payment
Class A Common Stock
2022-03-04$326.03/sh−283.799$92,527→ 31,537.501 total
Exercise/Conversion
Class A Common Stock
2022-03-06+1,367→ 34,313.501 total
Exercise/Conversion
Restricted Stock Units
2022-03-04−1,290→ 2,582 total
→ Class A Common Stock (1,290 underlying)
Award
Performance Restricted Stock Units
2022-03-04+3,413→ 3,413 total
→ Class A Common Stock (3,413 underlying)

Holdings

Class A Common Stock
(indirect: By LLC)
15,530
Restricted Stock Units
→ Class A Common Stock (1,286 underlying)
1,286
Stock Options (Right to Buy)
Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (13,519 underlying)
13,519
Class A Common Stock
(indirect: By Trust)
26
Performance Restricted Stock Units
→ Class A Common Stock (3,872 underlying)
3,872
Performance Restricted Stock Units
→ Class A Common Stock (3,872 underlying)
3,872
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 (3,856 underlying)
3,856
Performance Restricted Stock Units
→ Class A Common Stock (3,856 underlying)
3,856

Footnotes (21)

[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.
[F10]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).
[F11]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).
[F12]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).
[F13]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F14]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.
[F15]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.
[F16]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).
[F17]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.
[F18]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.
[F19]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).
[F2]Shares withheld for payment of tax liability.
[F20]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.
[F21]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.
[F3]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.
[F4]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.
[F5]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.
[F6]The trust is for the benefit of one of the Reporting Person's children.
[F7]These options are immediately exercisable.
[F8]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F9]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).

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→

Entity typeother

Related Parties

filerCIK 0001175022

Filing Metadata

Form type: 4
Filed: Mar 7, 7:00 PM ET
Accepted: Mar 8, 6:33 PM ET
Size: 39.3 KB

View on SEC.gov