SEC Form 4 · accession 0001209191-15-046889
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 21, 2015
Accepted (ET)
May 26, 2015 · 6:30 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 | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (RIght to Buy)F7 | $113.55 | May 21, 2015 | A | 1,899 | A | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF3,F8 | — | May 21, 2015 | A | 747 | A | — | — | Class A Common Stock | 747 | 747 | D |
| Stock Options (Right to Buy)F1 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 274 | 274 | D |
| Stock Options (Right to Buy)F2 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 999 | 999 | D |
| Restrickted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 173 | 173 | D |
| Stock Options (Right to Buy)F5 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 606 | 606 | D |
Explanation of responses
- F1These options are immediately exercisable.
- F2These 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.
- 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: 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.
- F5These 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.
- F6These 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.
- F7These options vest in accordance with the following schedule: 633 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 633 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 633 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.
- F8These restricted stock units vest in accordance with the following schedule: 249 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 249 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 249 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.