SEC Form 4 · accession 0001209191-15-033598
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
Apr 10, 2015
Accepted (ET)
Apr 10, 2015 · 6:44 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 | Apr 10, 2015 | M | 2,372 | $42.15 | A | 345,986 | D | |
| Class A Common StockF1 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF1 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF1 | holding | — | — | — | 5,175 | I | By Trust | |
| Class A Common StockF1 | holding | — | — | — | 3,950 | I | By Trust | |
| Class A Common StockF2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $42.15 | Apr 10, 2015 | M | 2,372 | D | — | Mar 4, 2018 | Class A Common Stock | 2,372 | 95,111 | D |
| Stock Options (Right to Buy)F3 | $35.71 | holding | — | — | — | — | Mar 4, 2017 | Class A Common Stock | 81,798 | 81,798 | D |
| Stock Options (Right to Buy)F4 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 106,450 | 106,450 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 5,885 | 5,886 | D |
| Stock Options (Right to Buy)F7 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 145,228 | 145,228 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 9,509 | 9,509 | D |
| Stock Options (Right to Buy)F9 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 175,529 | 175,529 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 13,256 | 13,256 | D |
| Stock Options (Right to Buy)F11 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 160,715 | 160,715 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 16,087 | 16,087 | D |
Explanation of responses
- F1Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
- F10These 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).
- F11These 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).
- F12These 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).
- F2These 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.
- F3These options are immediately exercisable.
- F4These 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).
- F5Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F6These 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).
- F7These 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).
- F8These 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).
- F9These 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).