SEC Form 4 · accession 0001209191-15-044646

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Jack Langer

Director

Period of report

May 17, 2015

Accepted (ET)

May 19, 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^F1	May 17, 2015	M	483	—	A	22,261	I	By Trust
Class A Common Stock	holding	—	—		—	891	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 Units^F1,F3,F4	—	May 17, 2015	M	483	D	—	—	Class A Common Stock	483	0	I
Stock Options (Right to Buy)^F2	$32.81	holding	—	—	—	—	May 6, 2017	Class A Common Stock	681	681	I
Stock Options (Right to Buy)^F2	$37.76	holding	—	—	—	—	May 4, 2018	Class A Common Stock	1,343	1,343	I
Stock Options (Right to Buy)^F2	$50.35	holding	—	—	—	—	May 17, 2019	Class A Common Stock	1,643	1,643	I
Stock Options (Right to Buy)^F5	$79.67	holding	—	—	—	—	May 9, 2020	Class A Common Stock	1,999	1,999	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Class A Common Stock	347	347	D
Stock Options (RIght to Buy)^F7	$96.80	holding	—	—	—	—	May 8, 2021	Class A Common Stock	2,202	2,202	D
Restricted Stock Units^F3,F8	—	holding	—	—	—	—	—	Class A Common Stock	606	606	D

Explanation of responses

F1On May 17, 2015, 483 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: 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.
F5These 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.
F6These 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.
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.