SEC Form 4 · accession 0001209191-15-041900
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
May 8, 2015
Accepted (ET)
May 12, 2015 · 6:29 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 StockF1 | May 8, 2015 | M | 303 | — | A | 18,332 | D | |
| Class A Common StockF2 | May 9, 2015 | M | 346 | — | A | 18,678 | D | |
| Class A Common StockF3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F6,F9 | — | May 9, 2015 | M | 346 | D | — | — | Class A Common Stock | 346 | 347 | D |
| Restricted Stock UnitsF1,F6,F11 | — | May 8, 2015 | M | 303 | D | — | — | Class A Common Stock | 303 | 606 | D |
| Stock Options (Right to Buy)F4 | $26.36 | holding | — | — | — | — | May 5, 2016 | Class A Common Stock | 10,000 | 10,000 | D |
| Stock Options (Right to Buy)F4 | $24.38 | holding | — | — | — | — | May 7, 2016 | Class A Common Stock | 9,374 | 9,374 | D |
| Stock Options (Right to Buy)F4 | $32.81 | holding | — | — | — | — | May 6, 2017 | Class A Common Stock | 2,042 | 2,042 | D |
| Stock Options (Right to Buy)F4 | $37.76 | holding | — | — | — | — | May 4, 2018 | Class A Common Stock | 2,015 | 2,015 | D |
| Stock Options (Right to Buy)F5 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 1,643 | 1,643 | D |
| Restricted Stock UnitsF6,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 483 | 483 | D |
| Stock Options (RIght to Buy)F8 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Stock Options (Right to Buy)F10 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
Explanation of responses
- F1On May 8, 2015, 303 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F10These 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.
- F11These 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.
- F2On May 9, 2015, 346 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F3These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- F4These options are exercisable immediately.
- F5These 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.
- F6Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F7These 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.
- F8These 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.
- F9These 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.