SEC Form 4 · accession 0001209191-15-023750
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Lazarus
Officer — SVP & Chief Accounting Officer
Period of report
Mar 4, 2015
Accepted (ET)
Mar 6, 2015 · 6:52 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,F2 | Mar 4, 2015 | M | 691 | — | A | 5,023 | D | |
| Class A Common StockF3 | Mar 4, 2015 | F | 189 | $124.87 | D | 4,834 | D | |
| Class A Common StockF4 | Mar 6, 2015 | M | 699 | — | A | 5,533 | D | |
| Class A Common StockF5 | Mar 6, 2015 | M | 565 | — | A | 6,098 | D | |
| Class A Common StockF6 | Mar 6, 2015 | M | 548 | — | A | 6,646 | D | |
| Class A Common StockF3 | Mar 6, 2015 | F | 497 | $124.59 | D | 6,149 | 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,F8,F9 | — | Mar 4, 2015 | M | 691 | D | — | — | Class A Common Stock | 691 | 0 | D |
| Restricted Stock UnitsF4,F8,F11 | — | Mar 6, 2015 | M | 699 | D | — | — | Class A Common Stock | 699 | 699 | D |
| Restricted Stock UnitsF5,F8,F13 | — | Mar 6, 2015 | M | 565 | D | — | — | Class A Common Stock | 565 | 1,129 | D |
| Restricted Stock UnitsF6,F8,F15 | — | Mar 6, 2015 | M | 548 | D | — | — | Class A Common Stock | 548 | 1,644 | D |
| Stock Options (Right to Buy)F16 | $124.59 | Mar 5, 2015 | A | 21,478 | A | — | Mar 5, 2022 | Class A Common Stock | 21,478 | 21,478 | D |
| Restricted Stock UnitsF8,F17 | — | Mar 5, 2015 | A | 2,149 | A | — | — | Class A Common Stock | 2,149 | 2,149 | D |
| Stock Options (Right to Buy)F7 | $19.68 | holding | — | — | — | — | Mar 5, 2016 | Class A Common Stock | 892 | 892 | D |
| Stock Options (Right to Buy)F7 | $31.09 | holding | — | — | — | — | Sep 12, 2015 | Class A Common Stock | 454 | 454 | D |
| Stock Options (Right to Buy)F7 | $35.71 | holding | — | — | — | — | Mar 4, 2017 | Class A Common Stock | 3,156 | 3,157 | D |
| Stock Options (Right to Buy)F7 | $42.15 | holding | — | — | — | — | Mar 4, 2018 | Class A Common Stock | 3,003 | 6,006 | D |
| Stock Options (Right to Buy)F10 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 3,160 | 9,480 | D |
| Stock Options (Right to Buy)F12 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 17,245 | 17,245 | D |
| Stock Options (Right to Buy)F14 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 21,607 | 21,607 | D |
Explanation of responses
- F1On March 4, 2015, 691 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These options vest in accordance with the following schedule: 3,160 vest on each of the first through fourth anniversaries of the grant date (March 6, 2012).
- F11These restricted stock units vest in accordance with the following schedule: 698 vest on the first anniversary of the grant date and 699 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
- F12These options vest in accordance with the following schedule: 4,311 vest on each of the first through third anniversaries of the grant date and 4,312 vest on the fourth anniversary of the grant date (March 6, 2013).
- F13These restricted stock units vest in accordance with the following schedule: 564 vest on each of the first and third anniversaries of the grant date and 565 vest on each of the second and fourth anniversaries of the grant date (March 6, 2013).
- F14These options vest in accordance with the following schedule: 5,401 vest on the first anniversary of the grant date and 5,402 vest on each of the second through fourth anniversaries of the grant date (March 6, 2014).
- F15These restricted stock units vest in accordance with the following schedule: 548 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
- F16These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
- F17These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).
- F2Includes 205 shares acquired on November 30, 2014 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
- F3Shares withheld for payment of tax liability.
- F4On March 6, 2015, 699 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, 565 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F6On March 6, 2015, 548 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F7These options are immediately exercisable.
- F8Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F9These restricted stock units vest in accordance with the following schedule: 691 vest on each of the first through fourth anniversaries of the grant date (March 4, 2011).