0001209191-23-058869.txt : 20231215 0001209191-23-058869.hdr.sgml : 20231215 20231215183015 ACCESSION NUMBER: 0001209191-23-058869 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231213 FILED AS OF DATE: 20231215 DATE AS OF CHANGE: 20231215 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: 231491764 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 X0508 4 2023-12-13 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 0 Class A Common Stock 2023-12-13 4 M 0 20605 156.50 A 27690.064 D Class A Common Stock 2023-12-13 4 S 0 13890 248.7679 D 13800.064 D Class A Common Stock 2023-12-13 4 S 0 3915 250.1228 D 9885.064 D Class A Common Stock 2023-12-13 4 S 0 2800 251.1747 D 7085.064 D Class A Common Stock 20170.026 I By GRAT Stock Options (Right to Buy) 156.50 2023-12-13 4 M 0 20605 0.00 D 2025-03-06 Class A Common Stock 20605 0 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 23512 23512 D Restricted Stock Units Class A Common Stock 542 542 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 Class A Common Stock 976 976 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 Class A Common Stock 1717 1717 D Performance Restricted Stock Units Class A Common Stock 1717 1717 D Performance Restricted Stock Units Class A Common Stock 1717 1717 D Reflects shares previously held directly by the Reporting Person which were contributed to the Reporting Person's GRAT (defined below). Includes 77.062 shares acquired through a dividend reinvestment plan. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $248.04 to $248.98 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $249.48 to $250.43 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $250.59 to $251.42 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Includes 219.876 shares acquired through a dividend reinvestment plan. 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: 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 2023-12-15