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Filing Details

Accession Number:: 0001209191-21-054853
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-09-03 17:48:40
Reporting Period:: 2021-09-02

Accepted Time:: 2021-09-03 17:48:40
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
Class A Common Stock	Acquisiton	2021-09-02	60,163	$115.17	91,170	No	4	M	Direct
Class A Common Stock	Disposition	2021-09-02	21,451	$364.56	69,719	No	4	S	Direct
Class A Common Stock	Disposition	2021-09-02	16,592	$365.53	53,127	No	4	S	Direct
Class A Common Stock	Disposition	2021-09-02	22,120	$366.42	31,007	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common	Stock Options (Right to Buy)	Disposition	2021-09-02	60,163	$0.00	60,163	$115.17

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	19,049	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	Restricted Stock Units	$0.00		1,309	1,309	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		2,592	2,592	Direct
Class A Common Stock	Restricted Stock Units	$0.00		2,442	2,442	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		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
2025-03-06	50,212	50,212	Direct
	1,309	1,309	Direct
2026-03-06	55,741	55,741	Direct
	2,592	2,592	Direct
	2,442	2,442	Direct
	3,663	3,663	Direct
	3,663	3,663	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 transaction ranged from $364.02 to $365.01 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 transaction ranged from $365.02 to $365.99 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 transaction ranged from $366.03 to $366.65 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.
These shares are owned by Cavanagh Investments, LLC. The Reporting Person holds all voting and dispositive power for these shares. 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: 12,553 vest on each of the first through 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: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
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).
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.