Filing Details

Accession Number:
0001209191-23-058870
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-15 18:30:17
Reporting Period:
2023-12-14
Accepted Time:
2023-12-15 18:30:17
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
1284848 V Jason Silberstein C/O Sba Communications Corporation
8051 Congress Avenue
Boca Raton FL 33487
Evp - Site Leasing 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 2023-12-14 16,465 $115.17 46,373 No 4 M Direct
Class A Common Stock Disposition 2023-12-14 2,868 $254.55 43,505 No 4 S Direct
Class A Common Stock Disposition 2023-12-14 9,961 $255.33 33,544 No 4 S Direct
Class A Common Stock Disposition 2023-12-14 3,283 $256.41 30,261 No 4 S Direct
Class A Common Stock Disposition 2023-12-14 353 $257.02 29,908 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
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 2023-12-14 16,465 $0.00 16,465 $115.17
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
16,465 2024-03-06 No 4 M Direct
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) $156.50 2025-03-06 39,918 39,918 Direct
Class A Common Stock Stock Options (Right to Buy) $182.30 2026-03-06 44,592 44,592 Direct
Class A Common Stock Restricted Stock Units $0.00 991 991 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 2,973 2,973 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 2,973 2,973 Direct
Class A Common Stock Restricted Stock Units $0.00 1,758 1,758 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 2,637 2,637 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 2,637 2,637 Direct
Class A Common Stock Restricted Stock Units $0.00 3,104 3,104 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 3,104 3,104 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 3,104 3,104 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-03-06 39,918 39,918 Direct
2026-03-06 44,592 44,592 Direct
991 991 Direct
2,973 2,973 Direct
2,973 2,973 Direct
1,758 1,758 Direct
2,637 2,637 Direct
2,637 2,637 Direct
3,104 3,104 Direct
3,104 3,104 Direct
3,104 3,104 Direct
Footnotes
  1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $253.83 to $254.82 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.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $254.85 to $255.84 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.
  3. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $255.895 to $256.85 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 $256.91 to $257.21 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. These options are immediately exercisable.
  6. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  7. These restricted stock units vest in accordance with the following schedule: 991 vest on each of the first through third anniversaries of the grant date (March 4, 2021).
  8. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  9. 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.
  10. 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.
  11. These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
  12. 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.
  13. 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.
  14. These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on each of the second through fourth anniversaries of the grant date (March 6, 2023).
  15. 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.
  16. 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.