SEC Form 4 · accession 0001209191-15-028333

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Steven E Bernstein

Director · Other

Period of report

Mar 18, 2015

Accepted (ET)

Mar 20, 2015 · 6:40 pm EDT

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	Mar 18, 2015	M	6,667	$14.80	A	15,559	D
Class A Common Stock	Mar 18, 2015	M	9,514	$34.49	A	25,113	D
Class A Common Stock^F1	Mar 18, 2015	F	7,084	$118.85	D	18,029	D
Class A Common Stock	holding	—	—		—	165,142	I	See footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (Right to Buy)^F2	$14.80	Mar 18, 2015	M	6,667	D	—	Jul 22, 2015	Class A Common Stock	6,667	0	D
Stock Options (Right to Buy)^F2	$34.49	Mar 18, 2015	M	9,514	D	—	May 6, 2015	Class A Common Stock	9,514	0	D
Stock Options (Right to Buy)^F2	$26.36	holding	—	—	—	—	May 5, 2016	Class A Common Stock	10,000	10,000	D
Stock Options (Right to Buy)^F2	$24.38	holding	—	—	—	—	May 7, 2016	Class A Common Stock	9,374	9,374	D
Stock Options (Right to Buy)^F2	$32.81	holding	—	—	—	—	May 6, 2017	Class A Common Stock	2,042	2,042	D
Stock Options (Right to Buy)^F2	$37.76	holding	—	—	—	—	May 4, 2018	Class A Common Stock	2,015	2,015	D
Stock Options (Right to Buy)^F3	$50.35	holding	—	—	—	—	May 17, 2019	Class A Common Stock	1,643	1,643	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Class A Common Stock	483	483	D
Stock Options (Right to Buy)^F6	$79.67	holding	—	—	—	—	May 9, 2020	Class A Common Stock	1,999	1,999	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	—	Class A Common Stock	693	693	D
Stock Options (Right to Buy)^F8	$96.80	holding	—	—	—	—	May 8, 2021	Class A Common Stock	2,202	2,202	D
Restricted Stock Units^F4,F9	—	holding	—	—	—	—	—	Class A Common Stock	909	909	D

Explanation of responses

F1Shares withheld for payment of tax liability and option exercise price.
F2These options are immediately exercisable.
F3These options vest in accordance with the following schedule: 548 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 547 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 548 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 annual meeting of shareholders.
F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5These restricted stock units vest in accordance with the following schedule: 483 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 483 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 483 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 annual meeting of shareholders.
F6These options vest in accordance with the following schedule: 667 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 666 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 666 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
F7These restricted stock units vest in accordance with the following schedule: 347 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 346 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 347 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
F8These options vest in accordance with the following schedule: 734 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 734 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 734 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
F9These restricted stock units vest in accordance with the following schedule: 303 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 303 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 303 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.