0001209191-21-055192.txt : 20210908 0001209191-21-055192.hdr.sgml : 20210908 20210908174912 ACCESSION NUMBER: 0001209191-21-055192 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210903 FILED AS OF DATE: 20210908 DATE AS OF CHANGE: 20210908 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lazarus Brian D CENTRAL INDEX KEY: 0001444362 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16853 FILM NUMBER: 211243061 MAIL ADDRESS: STREET 1: 5900 BROKEN SOUND PARKWAY, NW 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 2021-09-03 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001444362 Lazarus Brian D C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 SVP & Chief Accounting Officer Class A Common Stock 2021-09-03 4 M 0 24263 115.17 A 44590.349 D Class A Common Stock 2021-09-03 4 S 0 13534 365.86 D 31056.349 D Class A Common Stock 2021-09-03 4 S 0 10729 366.57 D 20327.349 D Class A Common Stock 2021-09-07 4 M 0 868 115.17 A 21195.349 D Class A Common Stock 2021-09-07 4 F 0 273 366.48 D 20922.349 D Stock Options (Right to Buy) 115.17 2021-09-03 4 M 0 24263 0.00 D 2024-03-06 Class A Common Stock 24263 868 D Stock Options (Right to Buy) 115.17 2021-09-07 4 M 0 868 0.00 D 2024-03-06 Class A Common Stock 868 0 D Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 21243 21243 D Restricted Stock Units Class A Common Stock 554 554 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 23512 23512 D Restricted Stock Units Class A Common Stock 1093 1093 D Restricted Stock Units Class A Common Stock 1037 1037 D Performance Restricted Stock Units Class A Common Stock 1555 1555 D Performance Restricted Stock Units Class A Common Stock 1555 1555 D Restricted Stock Units Class A Common Stock 1624 1624 D Performance Restricted Stock Units Class A Common Stock 1624 1624 D Performance Restricted Stock Units Class A Common Stock 1624 1624 D Includes 74.53 shares acquired through a dividend reinvestment plan. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $365.26 and $366.25 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 $366.27 and $367.08 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 shares used to pay option exercise price or withheld for payment of tax liability. These options are immediately exercisable. These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second 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: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018). These options vest in accordance with the following schedule: 5,878 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: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). These restricted stock units vest in accordance with the following schedule: 518 vest on the first and second anniversaries of the grant date and 519 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: 541 vest on each of the first and second anniversaries of the grant date and 542 vest on the third anniversary 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 2021-09-08