0001415889-24-007146.txt : 20240306
0001415889-24-007146.hdr.sgml : 20240306
20240306203036
ACCESSION NUMBER: 0001415889-24-007146
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240304
FILED AS OF DATE: 20240306
DATE AS OF CHANGE: 20240306
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STOOPS JEFFREY
CENTRAL INDEX KEY: 0001106860
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16853
FILM NUMBER: 24727861
MAIL ADDRESS:
STREET 1: SBA COMMUNICATIONS CORP
STREET 2: ONE TOWN CENTER ROAD THIRD FLOOR
CITY: BOCA RATON
STATE: FL
ZIP: 33486
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP
CENTRAL INDEX KEY: 0001034054
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
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
form4-03062024_080329.xml
X0508
4
2024-03-04
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001106860
STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
true
false
false
true
CHAIRMAN
0
Class A Common Stock
2024-03-04
4
M
0
3373
0
A
143548.657
D
Class A Common Stock
2024-03-04
4
F
0
1248.009
208.29
D
142300.648
D
Class A Common Stock
2024-03-04
4
M
0
20236
0
A
162536.648
D
Class A Common Stock
2024-03-04
4
F
0
7241.467
208.29
D
155295.181
D
Class A Common Stock
2024-03-04
4
M
0
2965
0
A
158260.181
D
Class A Common Stock
2024-03-04
4
F
0
1097.049
208.29
D
157163.132
D
Class A Common Stock
259863
I
By Limited Partnership
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
137601
137601
D
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
149446
149446
D
Restricted Stock Units
2024-03-04
4
M
0
3373
0
D
Class A Common Stock
3373
0
D
Performance Restricted Stock Units
2024-03-04
4
M
0
10118
0
D
Class A Common Stock
10118
0
D
Restricted Stock Units
2024-03-04
4
M
0
2965
0
D
Class A Common Stock
2965
2965
D
Performance Restricted Stock Units
Class A Common Stock
8894
8894
D
Performance Restricted Stock Units
Class A Common Stock
8894
8894
D
Restricted Stock Units
Class A Common Stock
10404
10404
D
Performance Restricted Stock Units
Class A Common Stock
10404
10404
D
Performance Restricted Stock Units
Class A Common Stock
10404
10404
D
Includes an aggregate of 101.23 shares acquired on March 1, 2024 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
Shares withheld for payment of tax liability.
As previously reported on a Form 4, the Reporting Person was awarded 10,118 performance restricted stock units (PSUs) on March 4, 2021 which were subject to increase or decrease based the results of the performance condition. On March 4, 2024, these PSUs vested at 200% of target based on the results of the performance condition, such that 20,236 shares of Class A Common Stock became issuable to the Reporting Person.
These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
These stock options are fully vested and 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: 3,372 vested on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries 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 period.
These restricted stock units vest in accordance with the following schedule: 2,964 vested on the first anniversary of the grant date and 2,965 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 period.
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 period.
These restricted stock units vest in accordance with the following schedule: 3,468 vest on the first through third anniversaries 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 period.
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 period.
/s/ Joshua Koenig, Attorney-in-Fact
2024-03-06