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SBA COMMUNICATIONS CORP — Director's Dealing 2023
Dec 2, 2023
30276_dirs_2023-12-01_ec6962a2-c02c-47ba-afcf-a2a1d5c86411.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: 2023-11-29
Reporting Person: Ciarfella Mark R (EVP - Operations)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-29 | Class A Common Stock | M | 5000 | $182.30 | Acquired | 34005.4278 | Direct |
| 2023-11-29 | Class A Common Stock | S | 5000 | $245.0462 | Disposed | 29005.4278 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-11-29 | Stock Options (Right to Buy) | $182.30 | M | 5000 | Disposed | 2026-03-06 | Class A Common Stock (5000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Class A Common Stock (677) | 677 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2030) | 2030 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2030) | 2030 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (1221) | 1221 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1831) | 1831 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (1831) | 1831 | Direct | |
| Restricted Stock Units | $ | Class A Common Stock (2144) | 2144 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2144) | 2144 | Direct | |
| Performance Restricted Stock Units | $ | Class A Common Stock (2144) | 2144 | Direct |
Footnotes
F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $245.00 to $245.23 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: These options are fully vested and exercisable.
F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4: These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
F5: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6: 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.
F7: 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.
F8: These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022).
F9: 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.
F10: 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.
F11: These restricted stock units vest in accordance with the following schedule: 714 vest on the first anniversary of the grant date and 715 vest on second and third anniversaries of the grant date (March 6, 2023).
F12: 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.
F13: 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.