Filing Details

Accession Number:
0001209191-23-056932
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-29 18:30:10
Reporting Period:
2023-11-27
Accepted Time:
2023-11-29 18:30:10
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
1106860 Jeffrey Stoops C/O Sba Communications Corporation
8051 Congress Avenue
Boca Raton FL 33487
Chief Executive Officer & Pres Yes 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 Disposition 2023-11-27 17,439 $237.24 20,450 No 4 S Indirect By LLC
Class A Common Stock Disposition 2023-11-27 9,043 $237.96 11,407 No 4 S Indirect By LLC
Class A Common Stock Disposition 2023-11-27 11,407 $238.99 0 No 4 S Indirect By LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By LLC
No 4 S Indirect By LLC
No 4 S Indirect By LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 155,074 Direct
Class A Common Stock 259,863 Indirect By Limited Partnership
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 2025-03-06 137,601 137,601 Direct
Class A Common Stock Stock Options (Right to Buy) $182.30 2026-03-06 149,446 149,446 Direct
Class A Common Stock Restricted Stock Units $0.00 3,373 3,373 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 10,118 10,118 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 10,118 10,118 Direct
Class A Common Stock Restricted Stock Units $0.00 5,930 5,930 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 8,894 8,894 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 8,894 8,894 Direct
Class A Common Stock Restricted Stock Units $0.00 10,404 10,404 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 10,404 10,404 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 10,404 10,404 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2025-03-06 137,601 137,601 Direct
2026-03-06 149,446 149,446 Direct
3,373 3,373 Direct
10,118 10,118 Direct
10,118 10,118 Direct
5,930 5,930 Direct
8,894 8,894 Direct
8,894 8,894 Direct
10,404 10,404 Direct
10,404 10,404 Direct
10,404 10,404 Direct
Footnotes
  1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $236.635 to $237.63 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. These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
  3. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $237.64 to $238.52 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 $238.655 to $239.18 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 shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
  6. These options are fully vested and exercisable.
  7. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  8. These restricted stock units vested in accordance with the following schedule: 3,372 vested on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).
  9. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  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 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.
  12. These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 vest on each of the second and third anniversaries of the grant date (March 4, 2022).
  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 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.
  15. These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries of the grant date (March 6, 2023).
  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.
  17. 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.