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Filing Details

Accession Number:: 0001209191-22-021508
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-29 18:06:33
Reporting Period:: 2019-10-10

Accepted Time:: 2022-03-29 18:06:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1034054	Sba Communications Corp	SBAC	Real Estate Investment Trusts (6798)	650716501

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1293293	Thomas Brendan Cavanagh	C/O Sba Communications Corporation 8051 Congress Avenue Boca Raton FL 33487	Executive Vice President & Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2020-06-11	3	$294.04	31,763	No	4	P	Direct
Class A Common Stock	Acquisiton	2021-11-17	4	$350.37	31,767	No	4	P	Direct
Class A Common Stock	Acquisiton	2019-10-10	3	$242.08	19,052	No	4	P	Indirect	By LLC
Class A Common Stock	Acquisiton	2019-11-11	3	$229.98	19,055	No	4	P	Indirect	By LLC
Class A Common Stock	Disposition	2021-03-02	3	$247.47	19,052	No	4	S	Indirect	By LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	By LLC
No	4	P	Indirect	By LLC
No	4	S	Indirect	By LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Options (Right to Buy)	$156.50	2025-03-06	50,212	50,212	Direct
Class A Common Stock	Stock Options (Right to Buy)	$182.30	2026-03-06	55,741	55,741	Direct
Class A Common Stock	Restricted Stock Units	$0.00		1,296	1,296	Direct
Class A Common Stock	Restricted Stock Units	$0.00		1,221	1,221	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,663	3,663	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,663	3,663	Direct
Class A Common Stock	Restricted Stock Units	$0.00		2,582	2,582	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,872	3,872	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,872	3,872	Direct
Class A Common Stock	Restricted Stock Units	$0.00		3,465	3,465	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,465	3,465	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		3,465	3,465	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2025-03-06	50,212	50,212	Direct
2026-03-06	55,741	55,741	Direct
	1,296	1,296	Direct
	1,221	1,221	Direct
	3,663	3,663	Direct
	3,663	3,663	Direct
	2,582	2,582	Direct
	3,872	3,872	Direct
	3,872	3,872	Direct
	3,465	3,465	Direct
	3,465	3,465	Direct
	3,465	3,465	Direct

Footnotes

The transactions reported herein were made in accounts managed by a financial advisor to the Reporting Person, which advisor had full investment control. Due to an oversight on the part of the advisor, the advisor made the transactions reported herein without the Reporting Person's knowledge. The transactions resulted in short-swing profits of $345.26, which the Reporting Person has disgorged to the Issuer in accordance with Section 16(b) of the Securities Exchange Act of 1934.
The Reporting Person's Form 4s filed after the date of the transactions reported herein do not reflect the net 10 additional shares of Class A common stock that the Reporting Person acquired as a result of those transactions.
These shares are owned by Cavanagh Investments, LLC. The Reporting Person is the manager of Cavanagh Investments, LLC and a trust for the benefit of the Reporting Person's spouse owns all of the equity interests in Cavanagh Investments, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by Cavanagh Investments, LLC, except to the extent of his pecuniary interest therein.
These options are immediately exercisable.
These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These restricted stock units vest in accordance with the following schedule: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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.
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.
These restricted stock units vest in accordance with the following schedule: 1,290 vest on the first anniversary of the grant date and 1,291 vests on each of the second and third anniversaries of the grant date (March 4, 2021).
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.
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.
These restricted stock units vest in accordance with the following schedule: 1,155 vest on the first through third anniversaries of the grant date (March 4, 2022).
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.
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.