SEC Form 4 · accession 0001209191-15-044638
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 17, 2015
Accepted (ET)
May 19, 2015 · 6:38 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 17, 2015 | M | 241 | — | A | 3,121 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3,F4 | — | May 17, 2015 | M | 241 | D | — | — | Class A Common Stock | 241 | 0 | D |
| Stock Options (Right to Buy)F2 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 274 | 274 | D |
| Stock Options (Right to Buy)F5 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 999 | 999 | D |
| Restrickted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 173 | 173 | D |
| Stock Options (Right to Buy)F7 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Restricted Stock UnitsF3,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 606 | 606 | D |
Explanation of responses
- F1On May 17, 2015, 241 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F2These options are immediately exercisable.
- F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4These restricted stock units 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.
- F5These 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.
- F6These 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.
- F7These 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.
- F8These 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.