SEC Form 4 · accession 0001209191-15-055183
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R Ciarfella
Officer — EVP - Operations
Period of report
Jun 18, 2015
Accepted (ET)
Jun 19, 2015 · 6:37 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 | Jun 18, 2015 | M | 3,656 | $42.15 | A | 11,146 | D | |
| Class A Common Stock | Jun 18, 2015 | M | 3,950 | $47.52 | A | 15,096 | D | |
| Class A Common Stock | Jun 18, 2015 | M | 5,673 | $72.99 | A | 20,769 | D | |
| Class A Common Stock | Jun 18, 2015 | M | 7,573 | $95.53 | A | 28,342 | D | |
| Class A Common StockF2 | Jun 18, 2015 | S | 20,852 | $120.13 | D | 7,490 | 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)F3 | $42.15 | Jun 18, 2015 | M | 3,656 | D | — | Mar 4, 2018 | Class A Common Stock | 3,656 | 0 | D |
| Stock Options (Right to Buy)F4 | $47.52 | Jun 18, 2015 | M | 3,950 | D | — | Mar 6, 2019 | Class A Common Stock | 3,950 | 3,951 | D |
| Stock Options (Right to Buy)F7 | $72.99 | Jun 18, 2015 | M | 5,673 | D | — | Mar 6, 2020 | Class A Common Stock | 5,673 | 11,346 | D |
| Stock Options (Right to Buy)F9 | $95.53 | Jun 18, 2015 | M | 7,573 | D | — | Mar 6, 2021 | Class A Common Stock | 7,573 | 22,721 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 874 | 874 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 1,486 | 1,486 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 2,305 | 2,305 | D |
| Stock Options (Right to Buy)F11 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 30,069 | 30,069 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 3,009 | 3,009 | D |
Explanation of responses
- F1The sale occurred pursuant to an existing Rule 10b5-1 plan adopted by the Reporting Person.
- F10These restricted stock units vest in accordance with the following schedule: 768 vest on each of the first through third anniversaries of the grant date and 769 vest on the fourth anniversary of the grant date (March 6, 2014).
- F11These options vest in accordance with the following schedule: 7,517 vest on each of the first through third anniversaries of the grant date and 7,518 vest on the fourth anniversary of the grant date (March 5, 2015).
- F12These restricted stock units vest in accordance with the following schedule: 752 vest on each of the first through third anniversaries of the grant date and 753 vest on the fourth anniversary of the grant date (March 5, 2015).
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $120.00 to $120.37 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F3These options are immediately exercisable.
- F4These options vest in accordance with the following schedule: 3,950 vest on each of the first through third anniversaries of the grant date and 3,951 vest on the fourth anniversary of the grant date (March 6, 2012).
- F5Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F6These restricted stock units vest in accordance with the following schedule: 873 vest on each of the first and the third anniversary of the grant date and 874 vest on each of the second and the fourth anniversary of the grant date (March 6, 2012).
- F7These options vest in accordance with the following schedule: 5,673 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
- F8These restricted stock units vest in accordance with the following schedule: 742 vest on the first anniversary of the grant date and 743 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
- F9These options vest in accordance with the following schedule: 7,573 vest on each of the first and the third anniversary of the grant date and 7,574 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).