Sec Form 4 Filing - HUNT THOMAS P @ SBA COMMUNICATIONS CORP - 2021-02-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
HUNT THOMAS P
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP [ SBAC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive VP/General Counsel
(Last) (First) (Middle)
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
02/25/2021
(Street)
BOCA RATON, FL33487
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/25/2021 M 1,285 A 119,584 D
Class A Common Stock 02/25/2021 F 283 ( 2 ) D $ 250.51 119,301 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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) $ 124.59 ( 3 ) 03/05/2022 Class A Common Stock 63,633 63,633 D
Stock Options (Right to Buy) $ 96.58 ( 3 ) 03/04/2023 Class A Common Stock 80,832 80,832 D
Stock Options (Right to Buy) $ 115.17 ( 4 ) 03/06/2024 Class A Common Stock 68,540 68,540 D
Restricted Stock Units ( 5 ) ( 6 ) ( 6 ) Class A Common Stock 1,759 1,759 D
Stock Options (Right to Buy) $ 156.5 ( 7 ) 03/06/2025 Class A Common Stock 54,074 54,074 D
Restricted Stock Units ( 5 ) ( 8 ) ( 8 ) Class A Common Stock 2,818 2,818 D
Stock Options (Right to Buy) $ 182.3 ( 9 ) 03/06/2026 Class A Common Stock 58,233 58,233 D
Restricted Stock Units ( 5 ) ( 10 ) ( 10 ) Class A Common Stock 4,101 4,101 D
Restricted Stock Units ( 5 ) 02/25/2021 M 1,285 ( 11 ) ( 11 ) Class A Common Stock 1,285 ( 1 ) 2,571 D
Performance Restricted Stock Units ( 12 ) ( 13 ) ( 13 ) Class A Common Stock 3,856 3,856 D
Performance Restricted Stock Units ( 12 ) ( 14 ) ( 14 ) Class A Common Stock 3,856 3,856 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HUNT THOMAS P
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON, FL33487
Executive VP/General Counsel
Signatures
/s/ Thomas P. Hunt 03/01/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 25, 2021, 1,285 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
( 2 )Shares withheld for payment of tax liability and option exercise price.
( 3 )These options are immediately exercisable.
( 4 )These options vest in accordance with the following schedule: 17,135 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).
( 5 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 6 )These restricted stock units vest in accordance with the following schedule: 1,758 vest on the first anniversary of the grant date and 1,759 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
( 7 )These options vest in accordance with the following schedule: 13,518 vest on each of the first and the third anniversaries of the grant date, and13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
( 8 )These restricted stock units vest in accordance with the following schedule: 1,409 vest on each of the first through fourth anniversaries of thegrant date (March 6, 2018).
( 9 )These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
( 10 )These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
( 11 )These restricted stock units vest in accordance with the following schedule: 1,285 vest on the first and second anniversaries of the grant date and 1,286 vest on the third anniversary of the grant date (February 25, 2020).
( 12 )Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 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 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.

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