0001209191-21-050218.txt : 20210806 0001209191-21-050218.hdr.sgml : 20210806 20210806173719 ACCESSION NUMBER: 0001209191-21-050218 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210805 FILED AS OF DATE: 20210806 DATE AS OF CHANGE: 20210806 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BAGWELL KURT L CENTRAL INDEX KEY: 0001175022 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 211154007 MAIL ADDRESS: STREET 1: SBA COMMUNICATIONS CORP STREET 2: 5900 BROKEN SOUND PKWY CITY: BOCA RATON STATE: FL ZIP: 33487 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 5612269345 MAIL ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2021-08-05 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001175022 BAGWELL KURT L C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 EVP; Pres. - International Class A Common Stock 2021-08-05 4 M 0 17135 115.17 A 48084 D Class A Common Stock 2021-08-05 4 M 0 13518 156.50 A 61602 D Class A Common Stock 2021-08-05 4 M 0 14147 182.30 A 75749 D Class A Common Stock 2021-08-05 4 S 0 26373 345.386 D 49376 D Class A Common Stock 2021-08-05 4 S 0 9524 346.6474 D 39852 D Class A Common Stock 2021-08-05 4 S 0 6417 347.4357 D 33435 D Class A Common Stock 2021-08-05 4 S 0 1300 348.2235 D 32135 D Class A Common Stock 2021-08-05 4 S 0 1186 349.7756 D 30949 D Class A Common Stock 15530 I By LLC Class A Common Stock 26 I By Trust Stock Options (Right to Buy) 115.17 2021-08-05 4 M 0 17135 0.00 D 2024-03-06 Class A Common Stock 17135 0 D Stock Options (Right to Buy) 156.50 2021-08-05 4 M 0 13518 0.00 D 2025-03-06 Class A Common Stock 13518 13519 D Restricted Stock Units Class A Common Stock 1409 1409 D Stock Options (Right to Buy) 182.30 2021-08-05 4 M 0 14147 0.00 D 2026-03-06 Class A Common Stock 14147 30487 D Restricted Stock Units Class A Common Stock 2734 2734 D Restricted Stock Units Class A Common Stock 2571 2571 D Performance Restricted Stock Units Class A Common Stock 3856 3856 D Performance Restricted Stock Units Class A Common Stock 3856 3856 D Restricted Stock Units Class A Common Stock 3872 3872 D Performance Restricted Stock Units Class A Common Stock 3872 3872 D Performance Restricted Stock Units Class A Common Stock 3872 3872 D 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. /s/ Thomas P. Hunt, Attorney-in-Fact 2021-08-06