Form 4 for SBAC SBA Communications
Accepted 2022-03-08 00:00:00 ET · period of report 2022-03-04 · accession 0001209191-22-017250 · 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 | Ciarfella Mark R | EVP - Ops | M - OptEx | — | +2,074 | 23.9K | +10% | — |
| DM | 2022-03-08 | 2022-03-04+ | SBAC | Ciarfella Mark R | EVP - Ops | M - OptEx | — | -2,074 | 1,354 | -61% | — |
| DM | 2022-03-08 | 2022-03-04 | SBAC | Ciarfella Mark R | EVP - Ops | A - Grant | $0.00 | +5,493 | 1,831 | 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 | 676 | — | 22,486.36 | D | — | — | (F1) On March 4, 2022, 676 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 | 705 | — | 23,191.36 | D | — | — | (F3) On March 6, 2022, 705 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 | M | A | 693 | — | 23,884.36 | D | — | — | (F4) On March 6, 2022, 693 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 4 | Derivative | Restricted Stock Units | 2022-03-06 | M | D | 705 | — | 0 | D | — · — to — | 705 Class A Common Stock | (F3) On March 6, 2022, 705 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: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018). |
| 5 | Derivative | Restricted Stock Units | 2022-03-06 | M | D | 693 | — | 693 | D | — · — to — | 693 Class A Common Stock | (F4) On March 6, 2022, 693 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. (F9) These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019). |
| 6 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 676 | — | 1,354 | D | — · — to — | 676 Class A Common Stock | (F1) On March 4, 2022, 676 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. (F14) These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021). |
| 7 | Derivative | Restricted Stock Units | 2022-03-04 | A | A | 1,831 | $0.00 | 1,831 | D | — · — to — | 1,831 Class A Common Stock | (F6) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F17) These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022). |
| 8 | Derivative | Performance Restricted Stock Units | 2022-03-04 | A | A | 1,831 | $0.00 | 1,831 | D | — · — to — | 1,831 Class A Common Stock | (F11) Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F18) 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 | Performance Restricted Stock Units | 2022-03-04 | A | A | 1,831 | $0.00 | 1,831 | D | — · — to — | 1,831 Class A Common Stock | (F11) 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. |