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Silberstein Jason V – ‘4’ for 3/6/24 re: SBA Communications Corp.

On:  Friday, 3/8/24, at 6:31pm ET   ·   For:  3/6/24   ·   As:  Officer   ·   Accession #:  1415889-24-7433   ·   File #:  1-16853

Previous ‘4’:  ‘4’ on 3/6/24 for 3/4/24   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/08/24  Silberstein Jason V               4          Officer     1:21K  SBA Communications Corp.          SEC Connect

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     21K 
                Securities by an Insider --                                      
                form4-03082024_060304.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — form4-03082024_060304.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/6/24
Issuer:
Issuer CIK:  1034054
Issuer Name:  SBA COMMUNICATIONS CORP
Issuer Trading Symbol:  SBAC
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1284848
Owner Name:  SILBERSTEIN JASON V
Reporting Owner Address:
Owner Street 1:  C/O SBA COMMUNICATIONS CORPORATION
Owner Street 2:  8051 CONGRESS AVENUE
Owner City:  BOCA RATON
Owner State:  FL
Owner ZIP Code:  33487
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  EVP - SITE LEASING
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  16,465
Transaction Price Per Share:
Value:  115.17
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  51,460.103
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  8,666
Footnote ID:  F1
Transaction Price Per Share:
Value:  216.50
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  42,794.103
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,034
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  43,828.103
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  382.58
Footnote ID:  F2
Transaction Price Per Share:
Value:  216.50
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  43,445.523
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Stock Options (Right to Buy)
Conversion or Exercise Price:
Value:  115.17
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  16,465
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F3
Expiration Date:
Value:  3/6/24
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  16,465
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Stock Options (Right to Buy)
Conversion or Exercise Price:
Value:  156.50
Exercise Date:
Footnote ID:  F3
Expiration Date:
Value:  3/6/25
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  39,918
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  39,918
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Stock Options (Right to Buy)
Conversion or Exercise Price:
Value:  182.30
Exercise Date:
Footnote ID:  F3
Expiration Date:
Value:  3/6/26
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  44,592
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  44,592
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F4
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  879
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  879
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Performance Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Exercise Date:
Footnote ID:  F7
Expiration Date:
Footnote ID:  F7
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  2,637
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,637
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Performance Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Exercise Date:
Footnote ID:  F8
Expiration Date:
Footnote ID:  F8
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  2,637
Footnote ID:  F8
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2,637
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F4
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,034
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F9
Expiration Date:
Footnote ID:  F9
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  1,034
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  2070
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Performance Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Exercise Date:
Footnote ID:  F10
Expiration Date:
Footnote ID:  F10
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  3,104
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,104
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Holding:
Security Title:
Value:  Performance Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Exercise Date:
Footnote ID:  F11
Expiration Date:
Footnote ID:  F11
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  3,104
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  3,104
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Transaction:
Security Title:
Value:  Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F4
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  5,993
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F12
Expiration Date:
Footnote ID:  F12
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  5,993
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  5,933
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Transaction:
Security Title:
Value:  Performance Restricted Stock Units
Conversion or Exercise Price:
Footnote ID:  F6
Transaction Date:
Value:  3/6/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  5,994
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F13
Expiration Date:
Footnote ID:  F13
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  5,994
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  5,994
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Footnotes:
Footnote - F1:  Shares withheld for payment of tax liability and exercise price.
Footnote - F2:  Shares withheld for payment of tax liability.
Footnote - F3:  These options are fully vested and exercisable.
Footnote - F4:  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote - F5:  These restricted stock units vest in accordance with the following schedule: 879 vest on each of the first through third anniversaries of the grant date (March 4, 2022).
Footnote - F6:  Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
Footnote - F7:  These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
Footnote - F8:  These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
Footnote - F9:  These restricted stock units vest in accordance with the following schedule: 1,034 vest on the first anniversary of the grant date and 1,035 vest on the second and third anniversaries of the grant date (March 6, 2023).
Footnote - F10:  These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
Footnote - F11:  These performance restricted stock units have a three-year performance period and to the extent earned will vest 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 (up to 200%) or decrease based on the results of the performance conditions.
Footnote - F12:  These restricted stock units vest in accordance with the following schedule: 1,997 vest on the first anniversary and 1,998 on the second and third anniversaries of the grant date (March 6, 2024).
Footnote - F13:  These performance restricted stock units will be earned based upon the Issuer's performance on each of three different financial metrics during the three-year performance period. Once earned, the performance restricted stock units will vest on March 6, 2027. 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 decrease or increase (up to 200%) based on the results of the performance conditions.
Owner Signature:
Signature Name:  /s/ Joshua Koenig, Attorney-in-Fact
Signature Date:  3/8/24


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