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