Patel Dipan D 4

Accession 0001209191-23-016969

CIK 0001034054other

View on SEC.gov Company Profile

Filed

Mar 6, 7:00 PM ET

Accepted

Mar 7, 7:01 PM ET

Size

36.5 KB

Accession

0001209191-23-016969

Insider Transaction Report

Form 4

Period: 2023-03-04

SBA COMMUNICATIONS CORPSBAC

Patel Dipan D

EVP Tech., Strat. & New Bus.

Transactions

Exercise/Conversion
Class A Common Stock
2023-03-04+455→ 6,432.92 total
Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−179.042$46,614→ 6,253.878 total
Exercise/Conversion
Class A Common Stock
2023-03-06+472→ 6,725.878 total
Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−185.731$48,355→ 6,540.147 total
Exercise/Conversion
Restricted Stock Units
2023-03-06−472→ 0 total
→ Class A Common Stock (472 underlying)
Exercise/Conversion
Restricted Stock Units
2023-03-04−500→ 500 total
→ Class A Common Stock (500 underlying)
Exercise/Conversion
Class A Common Stock
2023-03-04+500→ 6,174.669 total
Tax Payment
Class A Common Stock
2023-03-06$260.35/sh−196.749$51,224→ 5,977.92 total
Exercise/Conversion
Restricted Stock Units
2023-03-04−455→ 910 total
→ Class A Common Stock (455 underlying)
Award
Restricted Stock Units
2023-03-06+1,595→ 1,595 total
→ Class A Common Stock (1,595 underlying)
Award
Performance Restricted Stock Units
2023-03-06+1,595→ 1,595 total
→ Class A Common Stock (1,595 underlying)
Award
Performance Restricted Stock Units
2023-03-06+1,595→ 1,595 total
→ Class A Common Stock (1,595 underlying)

Holdings

Stock Options (Right to Buy)
Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (19,173 underlying)
19,173
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499
Performance Restricted Stock Units
→ Class A Common Stock (1,499 underlying)
1,499
Performance Restricted Stock Units
→ Class A Common Stock (1,365 underlying)
1,365
Performance Restricted Stock Units
→ Class A Common Stock (1,365 underlying)
1,365

Footnotes (18)

[F1]On March 4, 2023, 500 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[F10]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F11]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.
[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.
[F13]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).
[F14]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.
[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.
[F16]These restricted stock units vest in accordance with the following schedule: 531 vest on the first anniversary of the grant date and 532 vest on each of the second and third anniversaries of the grant date (March 6, 2023).
[F17]These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 6, 2026, 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 6, 2026, 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 45.267 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
[F3]Shares withheld for payment of tax liability.
[F4]On March 4, 2023, 455 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[F5]On March 6, 2023, 472 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
[F6]These options are fully vested and exercisable.
[F7]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
[F8]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).
[F9]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).

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

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Entity typeother

Related Parties

filerCIK 0001767180

Filing Metadata

Form type: 4
Filed: Mar 6, 7:00 PM ET
Accepted: Mar 7, 7:01 PM ET
Size: 36.5 KB

View on SEC.gov