Filing Details
- Accession Number:
- 0001209191-21-050218
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-08-06 17:37:19
- Reporting Period:
- 2021-08-05
- Accepted Time:
- 2021-08-06 17:37:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1175022 | L Kurt Bagwell | C/O Sba Communications Corporation 8051 Congress Avenue Boca Raton FL 33487 | Evp; Pres. - International | 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 | 2021-08-05 | 17,135 | $115.17 | 48,084 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-08-05 | 13,518 | $156.50 | 61,602 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2021-08-05 | 14,147 | $182.30 | 75,749 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2021-08-05 | 26,373 | $345.39 | 49,376 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-08-05 | 9,524 | $346.65 | 39,852 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-08-05 | 6,417 | $347.44 | 33,435 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-08-05 | 1,300 | $348.22 | 32,135 | No | 4 | S | Direct | |
| Class A Common Stock | Disposition | 2021-08-05 | 1,186 | $349.78 | 30,949 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | 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 | 2021-08-05 | 17,135 | $0.00 | 17,135 | $115.17 |
| Class A Common Stock | Stock Options (Right to Buy) | Disposition | 2021-08-05 | 13,518 | $0.00 | 13,518 | $156.50 |
| Class A Common Stock | Stock Options (Right to Buy) | Disposition | 2021-08-05 | 14,147 | $0.00 | 14,147 | $182.30 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2024-03-06 | No | 4 | M | Direct | |
| 13,519 | 2025-03-06 | No | 4 | M | Direct | |
| 30,487 | 2026-03-06 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Class A Common Stock | 15,530 | Indirect | By LLC |
| Class A Common Stock | 26 | Indirect | By Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | $0.00 | 1,409 | 1,409 | Direct | ||
| Class A Common Stock | Restricted Stock Units | $0.00 | 2,734 | 2,734 | Direct | ||
| Class A Common Stock | Restricted Stock Units | $0.00 | 2,571 | 2,571 | Direct | ||
| Class A Common Stock | Performance Restricted Stock Units | $0.00 | 3,856 | 3,856 | Direct | ||
| Class A Common Stock | Performance Restricted Stock Units | $0.00 | 3,856 | 3,856 | Direct | ||
| Class A Common Stock | 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 | Performance Restricted Stock Units | $0.00 | 3,872 | 3,872 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,409 | 1,409 | Direct | |
| 2,734 | 2,734 | Direct | |
| 2,571 | 2,571 | Direct | |
| 3,856 | 3,856 | Direct | |
| 3,856 | 3,856 | Direct | |
| 3,872 | 3,872 | Direct | |
| 3,872 | 3,872 | Direct | |
| 3,872 | 3,872 | Direct |
Footnotes
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $345.00 to $345.97 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.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $346.05 to $347.05 per share. The Reporting Person, upon request, will provide the Securites 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.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $347.07 to $348.06 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.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $348.09 to $348.50 per share. The Reporting Person, upon request, will provide the Securites 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.
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $349.19 to $350.11 per share. The Reporting Person, upon request, will provide the Securites 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.
- These shares are held by a limited liability company of which the Reporting Person is the sole manager and whose revocable trust is the sole member.
- The trust is for the benefit of one of the Reporting Person's children.
- These options are immediately exercisable.
- These options vest in accordance with the following schedule: 13,518 vest on each of the first and the third anniversaries of the grant date, and 13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
- 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: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
- These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
- These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
- These restricted stock units vest in accordance with the following schedule: 1,285 vest on the first and second anniversaries of the grant date and 1,286 vest on the third anniversary 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 vest 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.
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