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SBA COMMUNICATIONS CORP — Director's Dealing 2023
Dec 8, 2023
30276_dirs_2023-12-07_946c89c5-9a52-4097-b4b4-3bf161d97800.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: 2023-12-05
Reporting Person: BERNSTEIN STEVEN E (Director, Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-06 | Class A Common Stock | S | 7300 | $253.8875 | Disposed | 2902.9452 | Direct |
| 2023-12-05 | Class A Common Stock | S | 45983 | $250.0988 | Disposed | 56407 | Indirect |
| 2023-12-05 | Class A Common Stock | S | 93 | $250.59 | Disposed | 56314 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $132.00 | 2024-05-18 | Class A Common Stock (1977) | 1977 | Direct |
| Stock Options (Right to Buy) | $157.51 | 2025-05-17 | Class A Common Stock (1411) | 1411 | Direct |
| Stock Options (Right to Buy) | $212.31 | 2026-05-16 | Class A Common Stock (1501) | 1501 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (207) | 207 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (350) | 350 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (743) | 743 | Direct |
Footnotes
F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $253.39 to $254.25 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2: Includes .002 shares acquired through a dividend reinvestment plan.
F3: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $249.55 to $250.52 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F4: These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F5: These options are fully vested and exercisable.
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: 206 vested on May 1, 2022; 206 vested on May 1, 2023; and 207 vest on May 1, 2024.
F8: These restricted stock units vest in accordance with the following schedule: 175 vested on May 1, 2023; 175 vest on May 1, 2024; and 175 vest on May 1, 2025.
F9: These restricted stock units vest in accordance with the following schedule: 247 vest on May 1, 2024; 248 vest on May 1, 2025; and 248 vest on May 1, 2026.