Filing Details

Accession Number:
0001209191-23-058869
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-15 18:30:15
Reporting Period:
2023-12-13
Accepted Time:
2023-12-15 18:30:15
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
1444362 D Brian Lazarus C/O Sba Communications Corporation
8051 Congress Avenue
Boca Raton FL 33487
Svp & Chief Accounting Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-12-13 20,605 $156.50 27,690 No 4 M Direct
Class A Common Stock Disposition 2023-12-13 13,890 $248.77 13,800 No 4 S Direct
Class A Common Stock Disposition 2023-12-13 3,915 $250.12 9,885 No 4 S Direct
Class A Common Stock Disposition 2023-12-13 2,800 $251.17 7,085 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Stock Options (Right to Buy) Disposition 2023-12-13 20,605 $0.00 20,605 $156.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2025-03-06 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 20,170 Indirect By GRAT
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Stock Options (Right to Buy) $182.30 2026-03-06 23,512 23,512 Direct
Class A Common Stock Restricted Stock Units $0.00 542 542 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,624 1,624 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,624 1,624 Direct
Class A Common Stock Restricted Stock Units $0.00 976 976 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,463 1,463 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,463 1,463 Direct
Class A Common Stock Restricted Stock Units $0.00 1,717 1,717 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,717 1,717 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 1,717 1,717 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2026-03-06 23,512 23,512 Direct
542 542 Direct
1,624 1,624 Direct
1,624 1,624 Direct
976 976 Direct
1,463 1,463 Direct
1,463 1,463 Direct
1,717 1,717 Direct
1,717 1,717 Direct
1,717 1,717 Direct
Footnotes
  1. Reflects shares previously held directly by the Reporting Person which were contributed to the Reporting Person's GRAT (defined below).
  2. Includes 77.062 shares acquired through a dividend reinvestment plan.
  3. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $248.04 to $248.98 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.
  4. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $249.48 to $250.43 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.
  5. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $250.59 to $251.42 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.
  6. Includes 219.876 shares acquired through a dividend reinvestment plan.
  7. These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
  8. These options are immediately exercisable.
  9. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  10. These restricted stock units vest in accordance with the following schedule: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary of the grant date (March 4, 2021).
  11. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  12. 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.
  13. 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.
  14. These restricted stock units vest in accordance with the following schedule: 487 vest on the first anniversary of the grant date and 488 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
  15. 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.
  16. 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.
  17. These restricted stock units vest in accordance with the following schedule: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary of the grant date (March 6, 2023).
  18. 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.
  19. 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.