SEC Form 4 · accession 0001209191-15-023734
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Thomas Cavanagh
Officer — Executive Vice President & CFO
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 6:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001034054
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Mar 4, 2015 | M | 1,703 | — | A | 12,153 | D | |
| Class A Common StockF2 | Mar 4, 2015 | F | 466 | $124.87 | D | 11,687 | D | |
| Class A Common StockF3 | Mar 6, 2015 | M | 1,719 | — | A | 13,406 | D | |
| Class A Common StockF4 | Mar 6, 2015 | M | 1,545 | — | A | 14,951 | D | |
| Class A Common StockF5 | Mar 6, 2015 | M | 1,536 | — | A | 16,487 | D | |
| Class A Common StockF2 | Mar 6, 2015 | F | 1,551 | $124.59 | D | 14,936 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F7,F8 | — | Mar 4, 2015 | M | 1,703 | D | — | — | Class A Common Stock | 1,703 | 0 | D |
| Restricted Stock UnitsF3,F7,F10 | — | Mar 6, 2015 | M | 1,719 | D | — | — | Class A Common Stock | 1,719 | 1,720 | D |
| Restricted Stock UnitsF4,F7,F12 | — | Mar 6, 2015 | M | 1,545 | D | — | — | Class A Common Stock | 1,545 | 3,090 | D |
| Restricted Stock UnitsF5,F7,F14 | — | Mar 6, 2015 | M | 1,536 | D | — | — | Class A Common Stock | 1,536 | 4,610 | D |
| Stock Options (Right to Buy)F15 | $124.59 | Mar 5, 2015 | A | 54,411 | A | — | Mar 5, 2022 | Class A Common Stock | 54,411 | 54,411 | D |
| Restricted Stock UnitsF7,F16 | — | Mar 5, 2015 | A | 5,446 | A | — | — | Class A Common Stock | 5,446 | 5,446 | D |
| Stock Options (Right to Buy)F6 | $35.71 | holding | — | — | — | — | Mar 4, 2017 | Class A Common Stock | 28,409 | 28,409 | D |
| Stock Options (Right to Buy)F6 | $42.15 | holding | — | — | — | — | Mar 4, 2018 | Class A Common Stock | 29,593 | 29,593 | D |
| Stock Options (Right to Buy)F9 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 31,103 | 31,103 | D |
| Stock Options (Right to Buy)F11 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 47,199 | 47,199 | D |
| Stock Options (Right to Buy)F13 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 60,588 | 60,588 | D |
Explanation of responses
- F1On March 4, 2015, 1,703 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These restricted stock units vest in accordance with the following schedule: 1,719 vest on each of the first and third anniversary of the grant date and 1,720 vest on each of the second and fourth anniversary of the grant date (March 6, 2012).
- F11These options vest in accordance with the following schedule: 11,799 vest on the first anniversary of the grant date and 11,800 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
- F12These restricted stock units vest in accordance with the following schedule: 1,545 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
- F13These options vest in accordance with the following schedule: 15,147 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
- F14These restricted stock units vest in accordance with the following schedule: 1,536 vest on each of the first and third anniversary of the grant date and 1,537 vest on each of the second and fourth anniversary of the grant date (March 6, 2014).
- F15These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
- F16These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).
- F2Shares withheld for payment of tax liability.
- F3On March 6, 2015, 1,719 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock
- F4On March 6, 2015, 1,545 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F5On March 6, 2015, 1,536 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F6These options are immediately exercisable.
- F7Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F8These restricted stock units vest in accordance with the following schedule: 1,702 vest on each of the first and third anniversary of the grant date and 1,703 vest on each of the second and fourth anniversary of the grant date (March 4, 2011).
- F9These options vest in accordance with the following schedule: 7,775 vest on the first anniversary of the grant date and 7,776 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).