Form 4 for SBAC SBA Communications
Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-04 · accession 0001209191-22-017244 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | — | +1,641 | 21.9K | +8% | — |
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Lazarus Brian D | SVP, CAO | F - Tax | $329.29 | -645.73 | 22.4K | -3% | -$212.6K |
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Lazarus Brian D | SVP, CAO | M - OptEx | — | -1,641 | 1,083 | -60% | — |
| DM | 2022-03-08 | 2022-03-06 | SBAC | Lazarus Brian D | SVP, CAO | A - Grant | $0.00 | +4,389 | 1,463 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-03-06 | M | A | 546 | — | 22,784.77 | D | — | — | (F5) On March 6, 2022, 546 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 2 | Common | Class A Common Stock | 2022-03-06 | M | A | 554 | — | 22,238.77 | D | — | — | (F4) On March 6, 2022, 554 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 3 | Common | Class A Common Stock | 2022-03-04 | F | D | 212.88 | $326.03 | 21,684.77 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2022-03-04 | M | A | 541 | — | 21,897.66 | D | — | — | (F1) On March 4, 2022, 541 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F2) Includes 72 shares acquired on February 28, 2022 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 5 | Common | Class A Common Stock | 2022-03-06 | F | D | 432.85 | $330.90 | 22,351.92 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 6 | Derivative | Restricted Stock Units | 2022-03-06 | M | D | 546 | — | 547 | D | — · — to — | 546 Class A Common Stock | (F5) On March 6, 2022, 546 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F10) These restricted stock units vest in accordance with the following schedule: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). |
| 7 | Derivative | Restricted Stock Units | 2022-03-06 | M | D | 554 | — | 0 | D | — · — to — | 554 Class A Common Stock | (F4) On March 6, 2022, 554 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (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: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018). |
| 8 | Derivative | Performance Restricted Stock Units | 2022-03-06 | A | A | 1,463 | $0.00 | 1,463 | D | — · — to — | 1,463 Class A Common Stock | (F12) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F19) 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. |
| 9 | Derivative | Restricted Stock Units | 2022-03-06 | A | A | 1,463 | $0.00 | 1,463 | D | — · — to — | 1,463 Class A Common Stock | (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F18) 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). |
| 10 | Derivative | Performance Restricted Stock Units | 2022-03-06 | A | A | 1,463 | $0.00 | 1,463 | D | — · — to — | 1,463 Class A Common Stock | (F12) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 11 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 541 | — | 1,083 | D | — · — to — | 541 Class A Common Stock | (F1) On March 4, 2022, 541 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F15) 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). |