AI assistant
SBA COMMUNICATIONS CORP — Director's Dealing 2023
May 3, 2023
30276_dirs_2023-05-03_427892a3-6170-47d6-9e29-6dbd2f29a8b4.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2023-05-01
Reporting Person: BERNSTEIN STEVEN E (Director, Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-01 | Class A Common Stock | M | 190 | — | Acquired | 9821.9432 | Direct |
| 2023-05-01 | Class A Common Stock | M | 206 | — | Acquired | 10027.9432 | Direct |
| 2023-05-01 | Class A Common Stock | M | 175 | — | Acquired | 10202.9432 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-01 | Restricted Stock Units | $ | M | 190 | Disposed | Class A Common Stock (190) | Direct | |
| 2023-05-01 | Restricted Stock Units | $ | M | 206 | Disposed | Class A Common Stock (206) | Direct | |
| 2023-05-01 | Restricted Stock Units | $ | M | 175 | Disposed | Class A Common Stock (175) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 102390 | 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 |
Footnotes
F1: On May 1, 2023, 190 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2: On May 1, 2023, 206 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3: On May 1, 2023, 175 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
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: 190 vested on May 1, 2021; 190 vested on May 1, 2022; and 190 vested on May 1, 2023.
F8: 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.
F9: 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.