0001209191-22-017251.txt : 20220308 0001209191-22-017251.hdr.sgml : 20220308 20220308183302 ACCESSION NUMBER: 0001209191-22-017251 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220304 FILED AS OF DATE: 20220308 DATE AS OF CHANGE: 20220308 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: 22723246 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 2022-03-04 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 2022-03-04 4 M 0 1290 A 31821.3 D Class A Common Stock 2022-03-04 4 F 0 283.799 326.03 D 31537.501 D Class A Common Stock 2022-03-06 4 M 0 1409 A 32946.501 D Class A Common Stock 2022-03-06 4 M 0 1367 A 34313.501 D Class A Common Stock 2022-03-06 4 F 0 1027.119 330.90 D 33286.382 D Class A Common Stock 15530 I By LLC Class A Common Stock 26 I By Trust Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 13519 13519 D Restricted Stock Units 2022-03-06 4 M 0 1409 D Class A Common Stock 1409 0 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 30487 30487 D Restricted Stock Units 2022-03-06 4 M 0 1367 D Class A Common Stock 1367 1367 D Restricted Stock Units Class A Common Stock 1286 1286 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 2022-03-04 4 M 0 1290 D Class A Common Stock 1290 2582 D Performance Restricted Stock Units Class A Common Stock 3872 3872 D Performance Restricted Stock Units Class A Common Stock 3872 3872 D Restricted Stock Units 2022-03-04 4 A 0 3413 0.00 A Class A Common Stock 3413 3413 D Performance Restricted Stock Units 2022-03-04 4 A 0 3413 0.00 A Class A Common Stock 3413 3413 D Performance Restricted Stock Units 2022-03-04 4 A 0 3413 0.00 A Class A Common Stock 3413 3413 D On March 4, 2022, 1,290 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. Shares withheld for payment of tax liability. On March 6, 2022, 1,409 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. On March 6, 2022, 1,367 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. 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. 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. These restricted stock units vest in accordance with the following schedule: 1,137 vest on the first anniversary of the grant date and 1,138 vest on each of the second and third anniversaries of the grant date (March 4, 2022). 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. 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. /s/ Thomas P. Hunt, Attorney-in-Fact 2022-03-08