Statement of Changes in Beneficial Ownership (4)
March 08 2022 - 6:32PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Ciarfella Mark R |
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP
[
SBAC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP - Operations |
(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/4/2022 |
(Street)
BOCA RATON, FL 33487
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 3/4/2022 | | M | | 676 | A | (1) | 22486.3569 (2) | D | |
Class A Common Stock | 3/6/2022 | | M | | 705 | A | (3) | 23191.3569 | D | |
Class A Common Stock | 3/6/2022 | | M | | 693 | A | (4) | 23884.3569 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Options (Right to Buy) | $156.50 | | | | | | | (5) | 3/6/2025 | Class A Common Stock | 6760 | | 6760 | D | |
Restricted Stock Units | (6) | 3/6/2022 | | M | | | 705 | (7) | (7) | Class A Common Stock | 705 | (3) | 0 | D | |
Stock Options (Right to Buy) | $182.30 | | | | | | | (8) | 3/6/2026 | Class A Common Stock | 16758 | | 16758 | D | |
Restricted Stock Units | (6) | 3/6/2022 | | M | | | 693 | (9) | (9) | Class A Common Stock | 693 | (4) | 693 | D | |
Restricted Stock Units | (6) | | | | | | | (10) | (10) | Class A Common Stock | 654 | | 654 | D | |
Performance Restricted Stock Units | (11) | | | | | | | (12) | (12) | Class A Common Stock | 1960 | | 1960 | D | |
Performance Restricted Stock Units | (11) | | | | | | | (13) | (13) | Class A Common Stock | 1960 | | 1960 | D | |
Restricted Stock Units | (6) | 3/4/2022 | | M | | | 676 | (14) | (14) | Class A Common Stock | 676 | (1) | 1354 | D | |
Performance Restricted Stock Units | (11) | | | | | | | (15) | (15) | Class A Common Stock | 2030 | | 2030 | D | |
Performance Restricted Stock Units | (11) | | | | | | | (16) | (16) | Class A Common Stock | 2030 | | 2030 | D | |
Restricted Stock Units | (6) | 3/4/2022 | | A | | 1831 | | (17) | (17) | Class A Common Stock | 1831 | $0.00 | 1831 | D | |
Performance Restricted Stock Units | (11) | 3/4/2022 | | A | | 1831 | | (18) | (18) | Class A Common Stock | 1831 | $0.00 | 1831 | D | |
Performance Restricted Stock Units | (11) | 3/4/2022 | | A | | 1831 | | (19) | (19) | Class A Common Stock | 1831 | $0.00 | 1831 | D | |
Explanation of Responses: |
(1) | On March 4, 2022, 676 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
(2) | Includes 72 shares acquired on February 28, 2022 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. |
(3) | On March 6, 2022, 705 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
(4) | On March 6, 2022, 693 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. |
(5) | These options are immediately exercisable. |
(6) | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
(7) | These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018). |
(8) | These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019). |
(9) | These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019). |
(10) | These restricted stock units vest in accordance with the following schedule: 653 vest on the first and second anniversaries of the grant date and 654 vest on the third anniversary of the grant date (February 25, 2020). |
(11) | Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
(12) | 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. |
(13) | 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. |
(14) | These restricted stock units vest in accordance with the following schedule: 676 vest on the first anniversary of the grant date and 677 vest on each of the second and third anniversaries of the grant date (March 4, 2021). |
(15) | 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. |
(16) | 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. |
(17) | These restricted stock units vest in accordance with the following schedule: 610 vest on the first and second anniversary of the grant date and 611 vest on third anniversaries of the grant date (March 4, 2022). |
(18) | 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. |
(19) | 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ciarfella Mark R C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487 |
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| EVP - Operations |
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Signatures
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/s/ Thomas P. Hunt, Attorney-in-Fact | | 3/8/2022 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
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