Form 4 for SBAC SBA Communications
Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-04 · accession 0001209191-22-017245 · 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 | Patel Dipan D | EVP Tech, Strat, New Bus | M - OptEx | — | +970 | 2,944 | +49% | — |
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | F - Tax | $328.39 | -236.20 | 2,473 | -9% | -$77.6K |
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | M - OptEx | — | -970 | 1,000 | -49% | — |
| DM | 2022-03-08 | 2022-03-04 | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | A - Grant | $0.00 | +4,095 | 1,365 | 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 | 2022-03-04 | M | A | 499 | — | 2,594.65 | D | — | — | (F1) On March 4, 2022, 499 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. |
| 2 | Common | Class A Common Stock | 2022-03-06 | M | A | 471 | — | 2,944.14 | D | — | — | (F4) On March 6, 2021, 471 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 | 2022-03-06 | F | D | 114.69 | $330.90 | 2,829.45 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 4 | Common | Class A Common Stock | 2022-03-04 | F | D | 121.51 | $326.03 | 2,473.14 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 5 | Derivative | Restricted Stock Units | 2022-03-06 | M | D | 471 | — | 472 | D | — · — to — | 471 Class A Common Stock | (F4) On March 6, 2021, 471 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (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: 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). |
| 6 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 499 | — | 1,000 | D | — · — to — | 499 Class A Common Stock | (F1) On March 4, 2022, 499 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F6) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F12) 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). |
| 7 | Derivative | Performance Restricted Stock Units | 2022-03-04 | A | A | 1,365 | $0.00 | 1,365 | D | — · — to — | 1,365 Class A Common Stock | (F9) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F17) 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. |
| 8 | Derivative | Performance Restricted Stock Units | 2022-03-04 | A | A | 1,365 | $0.00 | 1,365 | D | — · — to — | 1,365 Class A Common Stock | (F9) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (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. |
| 9 | Derivative | Restricted Stock Units | 2022-03-04 | A | A | 1,365 | $0.00 | 1,365 | D | — · — to — | 1,365 Class A Common Stock | (F6) 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: 455 vest on each of the first through third anniversaries of the grant date (March 4, 2022). |