SEC Form 4 · accession 0001209191-15-041905
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian C Carr
Director
Period of report
May 8, 2015
Accepted (ET)
May 12, 2015 · 6:31 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 | 2,707 | D | |
| Class A Common StockF2 | May 9, 2015 | M | 173 | — | A | 2,880 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restrickted Stock UnitsF2,F4,F7 | — | May 9, 2015 | M | 173 | D | — | — | Class A Common Stock | 173 | 173 | D |
| Restricted Stock UnitsF1,F4,F9 | — | May 8, 2015 | M | 303 | D | — | — | Class A Common Stock | 303 | 606 | D |
| Stock Options (Right to Buy)F3 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 274 | 274 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 241 | 241 | D |
| Stock Options (Right to Buy)F6 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 999 | 999 | D |
| Stock Options (Right to Buy)F8 | $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.
- F2On May 9, 2015, 173 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F3These options vest in accordance with the following schedule: 274 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 274 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 274 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 options vest in accordance with the following schedule: 242 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders and 241 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: 333 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 333 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 333 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: 174 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 173 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 173 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.