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SBA COMMUNICATIONS CORP — Director's Dealing 2021
Mar 9, 2021
30276_dirs_2021-03-08_210bed37-d96f-43dc-90d6-5fded3fb6dfc.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: 2021-03-04
Reporting Person: Lazarus Brian D (SVP & Chief Accounting Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-04 | Restricted Stock Units | $ | A | 1624 | Acquired | Class A Common Stock (1624) | Direct | |
| 2021-03-04 | Performance Restricted Stock Units | $ | A | 1624 | Acquired | Class A Common Stock (1624) | Direct | |
| 2021-03-04 | Performance Restricted Stock Units | $ | A | 1624 | Acquired | Class A Common Stock (1624) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 19108.819 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $115.17 | 2024-03-06 | Class A Common Stock (25131) | 25131 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (645) | 645 | Direct | |
| Stock Options (Right to Buy) | $156.50 | 2025-03-06 | Class A Common Stock (21243) | 21243 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (1107) | 1107 | Direct | |
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (23512) | 23512 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (1640) | 1640 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (1037) | 1037 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1555) | 1555 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1555) | 1555 | Direct |
Footnotes
F1: These options vest in accordance with the following schedule: 6,282 vest on the first anniversary of the grant date and 6,283 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
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: 644 vest on the first anniversary of the grant date and 645 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F4: These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F5: 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).
F6: These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F7: 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).
F8: These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 vest on the third anniversary of the grant date (February 25, 2020).
F9: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10: 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.
F11: 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.
F12: 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).
F13: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, 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.
F14: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, 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.