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4//SEC Filing

SILBERSTEIN JASON V 4

Accession 0001209191-23-058870

CIK 0001034054other
View on SEC.govCompany Profile

Filed

Dec 14, 7:00 PM ET

Accepted

Dec 15, 6:30 PM ET

Size

31.7 KB

Accession

0001209191-23-058870

Insider Transaction Report

Form 4
Period: 2023-12-14
SBA COMMUNICATIONS CORPSBAC
SILBERSTEIN JASON V
Sr.Vice President-Property Mgt
Transactions
  • Exercise/Conversion

    Class A Common Stock

    2023-12-14$115.17/sh+16,465$1,896,274→ 46,373.389 total
  • Sale

    Class A Common Stock

    2023-12-14$254.54/sh−2,868$730,035→ 43,505.389 total
  • Sale

    Class A Common Stock

    2023-12-14$256.41/sh−3,283$841,806→ 30,261.389 total
  • Exercise/Conversion

    Stock Options (Right to Buy)

    2023-12-14−16,465→ 16,465 total
    Exercise: $115.17Exp: 2024-03-06→ Class A Common Stock (16,465 underlying)
  • Sale

    Class A Common Stock

    2023-12-14$255.33/sh−9,961$2,543,317→ 33,544.389 total
  • Sale

    Class A Common Stock

    2023-12-14$257.02/sh−353$90,728→ 29,908.389 total
Holdings

  • Stock Options (Right to Buy)

    Exercise: $156.50Exp: 2025-03-06→ Class A Common Stock (39,918 underlying)
    39,918

  • Stock Options (Right to Buy)

    Exercise: $182.30Exp: 2026-03-06→ Class A Common Stock (44,592 underlying)
    44,592

  • Restricted Stock Units

    → Class A Common Stock (991 underlying)
    991

  • Performance Restricted Stock Units

    → Class A Common Stock (2,973 underlying)
    2,973

  • Performance Restricted Stock Units

    → Class A Common Stock (2,973 underlying)
    2,973

  • Restricted Stock Units

    → Class A Common Stock (1,758 underlying)
    1,758

  • Performance Restricted Stock Units

    → Class A Common Stock (2,637 underlying)
    2,637

  • Performance Restricted Stock Units

    → Class A Common Stock (2,637 underlying)
    2,637

  • Restricted Stock Units

    → Class A Common Stock (3,104 underlying)
    3,104

  • Performance Restricted Stock Units

    → Class A Common Stock (3,104 underlying)
    3,104

  • Performance Restricted Stock Units

    → Class A Common Stock (3,104 underlying)
    3,104
Footnotes (16)
  • [F1]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $253.83 to $254.82 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.
  • [F10]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.
  • [F11]These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
  • [F12]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.
  • [F13]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.
  • [F14]These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries of the grant date (March 6, 2023).
  • [F15]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.
  • [F16]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]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $254.85 to $255.84 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.
  • [F3]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $255.895 to $256.85 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 $256.91 to $257.21 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]These options are immediately exercisable.
  • [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: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
  • [F8]Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  • [F9]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.

Documents

1 file

Issuer

SBA COMMUNICATIONS CORP

CIK 0001034054

→
Entity typeother

Related Parties

1
  • filerCIK 0001284848

Filing Metadata

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