SBA COMMUNICATIONS CORP — Director's Dealing 2022

Mar 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2022-03-04

Reporting Person: Patel Dipan D (EVP Tech., Strat. & New Bus.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-04	Class A Common Stock	M	499	—	Acquired	2594.6452	Direct
2022-03-04	Class A Common Stock	F	121.506	$326.03	Disposed	2473.1392	Direct
2022-03-06	Class A Common Stock	M	471	—	Acquired	2944.1392	Direct
2022-03-06	Class A Common Stock	F	114.688	$330.90	Disposed	2829.4512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-06	Restricted Stock Units	$	M	471	Disposed		Class A Common Stock (471)	Direct
2022-03-04	Restricted Stock Units	$	M	499	Disposed		Class A Common Stock (499)	Direct
2022-03-04	Restricted Stock Units	$	A	1365	Acquired		Class A Common Stock (1365)	Direct
2022-03-04	Performance Restricted Stock Units	$	A	1365	Acquired		Class A Common Stock (1365)	Direct
2022-03-04	Performance Restricted Stock Units	$	A	1365	Acquired		Class A Common Stock (1365)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$182.30	2026-03-06	Class A Common Stock (19173)	19173	Direct
Restricted Stock Units	$		Class A Common Stock (472)	472	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1414)	1414	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1414)	1414	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1499)	1499	Direct
Performance Restricted Stock Units	$		Class A Common Stock (1499)	1499	Direct

Footnotes

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.

F3: Shares withheld for payment of tax liability.

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.

F5: These options vest in accordance with the following schedule: 5,067 vest on each of the first through third anniversaries of the grant date and 5,068 vest on the fourth anniversary of the grant date (March 6, 2019).

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).

F8: These restricted stock units vest in accordance with the following schedule: 471 vest on the first and second anniversaries of the grant date and 472 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: 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).

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.

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).

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.

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.