Form 4 for SBAC SBA Communications
Accepted 2023-03-07 00:00:00 ET · period of report 2023-03-04 · accession 0001209191-23-016969 · 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 | 2023-03-07 | 2023-03-04+ | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | M - OptEx | $0.00 | +1,427 | 6,175 | +30% | $0 |
| DM | 2023-03-07 | 2023-03-06 | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | F - Tax | $260.35 | -561.52 | 5,978 | -9% | -$146.2K |
| DM | 2023-03-07 | 2023-03-04+ | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | M - OptEx | — | -1,427 | 910 | -61% | — |
| DM | 2023-03-07 | 2023-03-06 | SBAC | Patel Dipan D | EVP Tech, Strat, New Bus | A - Grant | $0.00 | +4,785 | 1,595 | 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 | 2023-03-06 | M | A | 472 | $0.00 | 6,725.88 | D | — | — | (F5) On March 6, 2023, 472 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 | 2023-03-06 | F | D | 179.04 | $260.35 | 6,253.88 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 3 | Common | Class A Common Stock | 2023-03-04 | M | A | 455 | $0.00 | 6,432.92 | D | — | — | (F4) On March 4, 2023, 455 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
| 4 | Common | Class A Common Stock | 2023-03-06 | F | D | 185.73 | $260.35 | 6,540.15 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 5 | Common | Class A Common Stock | 2023-03-04 | M | A | 500 | $0.00 | 6,174.67 | D | — | — | (F1) On March 4, 2023, 500 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. (F2) Includes 45.267 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
| 6 | Common | Class A Common Stock | 2023-03-06 | F | D | 196.75 | $260.35 | 5,977.92 | D | — | — | (F3) Shares withheld for payment of tax liability. |
| 7 | Derivative | Restricted Stock Units | 2023-03-06 | M | D | 472 | — | 0 | D | — · — to — | 472 Class A Common Stock | (F5) On March 6, 2023, 472 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: 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). |
| 8 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 500 | — | 500 | D | — · — to — | 500 Class A Common Stock | (F1) On March 4, 2023, 500 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. (F9) 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). |
| 9 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 1,595 | $0.00 | 1,595 | D | — · — to — | 1,595 Class A Common Stock | (F10) 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 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. |
| 10 | Derivative | Restricted Stock Units | 2023-03-06 | A | A | 1,595 | $0.00 | 1,595 | D | — · — to — | 1,595 Class A Common Stock | (F7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. (F16) These restricted stock units vest in accordance with the following schedule: 531 vest on the first anniversary of the grant date and 532 vest on each of the second and third anniversaries of the grant date (March 6, 2023). |
| 11 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 1,595 | $0.00 | 1,595 | D | — · — to — | 1,595 Class A Common Stock | (F10) 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 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. |
| 12 | Derivative | Restricted Stock Units | 2023-03-04 | M | D | 455 | — | 910 | D | — · — to — | 455 Class A Common Stock | (F4) On March 4, 2023, 455 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. (F13) 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). |