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4//SEC Filing

Lazarus Brian D 4

Accession 0001209191-23-058869

CIK 0001034054other
View on SEC.govCompany Profile

Filed

Dec 14, 7:00 PM ET

Accepted

Dec 15, 6:30 PM ET

Size

30.1 KB

Accession

0001209191-23-058869

Insider Transaction Report

Form 4
Period: 2023-12-13
SBA COMMUNICATIONS CORPSBAC
Lazarus Brian D
VP & Chief Accounting Officer
Transactions
  • Sale

    Class A Common Stock

    2023-12-13$248.77/sh−13,890$3,455,386→ 13,800.064 total
  • Sale

    Class A Common Stock

    2023-12-13$250.12/sh−3,915$979,231→ 9,885.064 total
  • Sale

    Class A Common Stock

    2023-12-13$251.17/sh−2,800$703,289→ 7,085.064 total
  • Exercise/Conversion

    Stock Options (Right to Buy)

    2023-12-13−20,605→ 0 total
    Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (20,605 underlying)
  • Exercise/Conversion

    Class A Common Stock

    2023-12-13$156.50/sh+20,605$3,224,683→ 27,690.064 total
Holdings

  • Class A Common Stock

    (indirect: By GRAT)
    20,170.026

  • Stock Options (Right to Buy)

    Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (23,512 underlying)
    23,512

  • Restricted Stock Units

    → Class A Common Stock (542 underlying)
    542

  • Performance Restricted Stock Units

    → Class A Common Stock (1,624 underlying)
    1,624

  • Performance Restricted Stock Units

    → Class A Common Stock (1,624 underlying)
    1,624

  • Restricted Stock Units

    → Class A Common Stock (976 underlying)
    976

  • Performance Restricted Stock Units

    → Class A Common Stock (1,463 underlying)
    1,463

  • Performance Restricted Stock Units

    → Class A Common Stock (1,463 underlying)
    1,463

  • Restricted Stock Units

    → Class A Common Stock (1,717 underlying)
    1,717

  • Performance Restricted Stock Units

    → Class A Common Stock (1,717 underlying)
    1,717

  • Performance Restricted Stock Units

    → Class A Common Stock (1,717 underlying)
    1,717
Footnotes (19)
  • [F1]Reflects shares previously held directly by the Reporting Person which were contributed to the Reporting Person's GRAT (defined below).
  • [F10]These restricted stock units vest in accordance with the following schedule: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary of the grant date (March 4, 2021).
  • [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 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 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 restricted stock units vest in accordance with the following schedule: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
  • [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 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 restricted stock units vest in accordance with the following schedule: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary of the grant date (March 6, 2023).
  • [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.
  • [F19]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 77.062 shares acquired through a dividend reinvestment plan.
  • [F3]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $248.04 to $248.98 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
  • [F4]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $249.48 to $250.43 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
  • [F5]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $250.59 to $251.42 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
  • [F6]Includes 219.876 shares acquired through a dividend reinvestment plan.
  • [F7]These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
  • [F8]These options are immediately exercisable.
  • [F9]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

Documents

1 file

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→
Entity typeother

Related Parties

1
  • filerCIK 0001444362

Filing Metadata

Form type
4
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 6:30 PM ET
Size
30.1 KB
View on SEC.gov