0001209191-23-016971.txt : 20230307
0001209191-23-016971.hdr.sgml : 20230307
20230307190304
ACCESSION NUMBER: 0001209191-23-016971
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230304
FILED AS OF DATE: 20230307
DATE AS OF CHANGE: 20230307
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: 23714369
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
2023-03-04
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
2023-03-04
4
M
0
541
0.00
A
7310.913
D
Class A Common Stock
2023-03-06
4
F
0
212.883
260.35
D
7098.03
D
Class A Common Stock
2023-03-04
4
M
0
487
0.00
A
7585.03
D
Class A Common Stock
2023-03-06
4
F
0
191.634
260.35
D
7393.396
D
Class A Common Stock
2023-03-06
4
M
0
547
0.00
A
7940.396
D
Class A Common Stock
2023-03-06
4
F
0
215.244
260.35
D
7725.152
D
Class A Common Stock
19233
I
By GRAT
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
20605
20605
D
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
23512
23512
D
Restricted Stock Units
2023-03-06
4
M
0
547
D
Class A Common Stock
547
0
D
Restricted Stock Units
2023-03-04
4
M
0
541
D
Class A Common Stock
541
542
D
Performance Restricted Stock Units
Class A Common Stock
1624
1624
D
Performance Restricted Stock Units
Class A Common Stock
1624
1624
D
Restricted Stock Units
2023-03-04
4
M
0
487
D
Class A Common Stock
487
976
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
Performance Restricted Stock Units
Class A Common Stock
1463
1463
D
Restricted Stock Units
2023-03-06
4
A
0
1717
0.00
A
Class A Common Stock
1717
1717
D
Performance Restricted Stock Units
2023-03-06
4
A
0
1717
0.00
A
Class A Common Stock
1717
1717
D
Performance Restricted Stock Units
2023-03-06
4
A
0
1717
0.00
A
Class A Common Stock
1717
1717
D
On March 4, 2023, 541 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
Includes an aggregate of 83.528 shares acquired on February 28, 2023 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
Reflects shares previously held directly by the Reporting Person which were contributed to the Reporting Person's GRAT (defined below).
Shares withheld for payment of tax liability.
On March 4, 2023, 487 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
On March 6, 2023, 547 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 the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
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: 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: 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).
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 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: 487 vest on the first anniversary of the grant date and 488 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.
These restricted stock units vest in accordance with the following schedule: 572 vest on the first and second anniversaries of the grant date and 573 vest on the third anniversary of the grant date (March 6, 2023).
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.
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.
/s/ Joshua Koenig, Attorney-in-Fact
2023-03-07