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SBA COMMUNICATIONS CORP — Director's Dealing 2020
Feb 28, 2020
30276_dirs_2020-02-27_bd71cd97-e0da-4cdb-81e4-c5373c0fa294.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2020-02-25
Reporting Person: SILBERSTEIN JASON V (EVP - Site Leasing)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-25 | Restricted Stock Units | $ | A | 2931 | Acquired | Class A Common Stock (2931) | Direct | |
| 2020-02-25 | Performance Restricted Stock Units | $ | A | 2931 | Acquired | Class A Common Stock (2931) | Direct | |
| 2020-02-25 | Performance Restricted Stock Units | $ | A | 2931 | Acquired | Class A Common Stock (2931) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 8785 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $96.58 | 2023-03-04 | Class A Common Stock (58918) | 58918 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (1440) | 1440 | Direct | |
| Stock Options (Right to Buy) | $115.17 | 2024-03-06 | Class A Common Stock (50262) | 50262 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (2580) | 2580 | Direct | |
| Stock Options (Right to Buy) | $156.50 | 2025-03-06 | Class A Common Stock (40556) | 40556 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (3171) | 3171 | Direct | |
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (44592) | 44592 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (4147) | 4147 | Direct |
Footnotes
F1: These options vest in accordance with the following schedule: 14,729 vest on each of the first and the third anniversary of the grant date and 14,730 vest on each of the second and the fourth anniversary of the grant date (March 4, 2016).
F2: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3: These restricted stock units vest in accordance with the following schedule: 1,439 vest on the first anniversary of the grant date and 1,440 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
F4: These options vest in accordance with the following schedule: 12,565 vest on each of the first and the second anniversary of the grant date and 12,566 vest on each of the third and the fourth anniversary of the grant date (March 6, 2017).
F5: These restricted stock units vest in accordance with the following schedule: 1,289 vest on the first anniversary of the grant date and 1,290 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F6: These options vest in accordance with the following schedule: 10,139 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F7: These restricted stock units vest in accordance with the following schedule: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F8: These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F9: These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
F10: These restricted stock units vest in accordance with the following schedule: 977 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F11: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, 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 February 25, 2023, 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.