SEC Form 4 · accession 0001209191-15-023761

SBA COMMUNICATIONS CORP · SBAC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Jeffrey Stoops

Officer — Chief Executive Officer & Pres · Director

Period of report

Mar 4, 2015

Accepted (ET)

Mar 6, 2015 · 7:00 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 Stock^F1,F2	Mar 4, 2015	M	5,609	—	A	336,228	D
Class A Common Stock^F3	Mar 4, 2015	F	2,066	$124.87	D	334,162	D
Class A Common Stock^F4	Mar 6, 2015	M	5,885	—	A	340,047	D
Class A Common Stock^F5	Mar 6, 2015	M	4,754	—	A	344,801	D
Class A Common Stock^F6	Mar 6, 2015	M	4,451	—	A	349,252	D
Class A Common Stock^F3	Mar 6, 2015	F	5,638	$124.59	D	343,614	D
Class A Common Stock^F7	holding	—	—		—	5,425	I	By Trust
Class A Common Stock^F7	holding	—	—		—	5,425	I	By Trust
Class A Common Stock^F7	holding	—	—		—	5,175	I	By Trust
Class A Common Stock^F7	holding	—	—		—	3,950	I	By Trust
Class A Common Stock^F8	holding	—	—		—	539,863	I	By Limited Partnership

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F10,F11	—	Mar 4, 2015	M	5,609	D	—	—	Class A Common Stock	5,609	0	D
Restricted Stock Units^F4,F10,F13	—	Mar 6, 2015	M	5,885	D	—	—	Class A Common Stock	5,885	5,886	D
Restricted Stock Units^F5,F10,F15	—	Mar 6, 2015	M	4,754	D	—	—	Class A Common Stock	4,754	9,509	D
Restricted Stock Units^F6,F10,F17	—	Mar 6, 2015	M	4,451	D	—	—	Class A Common Stock	4,451	13,256	D
Stock Options (Right to Buy)^F18	$124.59	Mar 5, 2015	A	160,715	A	—	Mar 5, 2022	Class A Common Stock	160,715	160,715	D
Restricted Stock Units^F10,F19	—	Mar 5, 2015	A	16,087	A	—	—	Class A Common Stock	16,087	16,087	D
Stock Options (Right to Buy)^F9	$35.71	holding	—	—	—	—	Mar 4, 2017	Class A Common Stock	81,798	81,798	D
Stock Options (Right to Buy)^F9	$42.15	holding	—	—	—	—	Mar 4, 2018	Class A Common Stock	97,483	97,483	D
Stock Options (Right to Buy)^F12	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	106,450	106,450	D
Stock Options (Right to Buy)^F14	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	145,228	145,228	D
Stock Options (Right to Buy)^F16	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	175,529	175,529	D

Explanation of responses

F1On March 4, 2015, 5,609 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F10Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11These restricted stock units vest in accordance with the following schedule: 5,608 vest on the first anniversary of the grant date and 5,609 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
F12These options vest in accordance with the following schedule: 26,612 vest on each of the first and third anniversaries of the grant date and 26,613 vest on each of the second and fourth anniversaries (March 6, 2012).
F13These restricted stock units vest in accordance with the following schedule: 5,885 vest on each of the first through third anniversaries of the grant date and 5,886 vest on the fourth anniversary of the grant date (March 6, 2012).
F14These options vest in accordance with the following schedule: 36,307 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
F15These restricted stock units vest in accordance with the following schedule: 4,754 vest on each of the first through third anniversaries of the grant date and 4,755 vest on the fourth anniversary of the grant date (March 6, 2013).
F16These options vest in accordance with the following schedule: 43,882 vest on each of the first through third anniversaries of the grant date and 43,883 vest on the fourth anniversary of the grant date (March 6, 2014).
F17These restricted stock units vest in accordance with the following schedule: 4,451 vest on the first anniversary of the grant date and 4,452 on each of the second through fourth anniversaries of the grant date (March 6, 2014).
F18These options vest in accordance with the following schedule: 40,178 vest on the first anniversary of the grant date and 40,179 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F19These restricted stock units vest in accordance with the following schedule: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F2Includes 200 shares acquired on February 28, 2015 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
F3Shares withheld for payment of tax liability.
F4On March 6, 2015, 5,885 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, 4,754 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, 4,451 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F7Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
F8These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F9These options are immediately exercisable.