SEC Form 4 · accession 0001209191-15-066982
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Lazarus
Officer — SVP & Chief Accounting Officer
Period of report
Aug 17, 2015
Accepted (ET)
Aug 19, 2015 · 6:46 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 | Aug 17, 2015 | M | 3,157 | $35.71 | A | 9,320 | D | |
| Class A Common Stock | Aug 17, 2015 | M | 6,006 | $42.15 | A | 15,326 | D | |
| Class A Common StockF1 | Aug 17, 2015 | S | 9,163 | $127.91 | D | 6,163 | 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)F2 | $35.71 | Aug 17, 2015 | M | 3,157 | D | — | Mar 4, 2017 | Class A Common Stock | 3,157 | 0 | D |
| Stock Options (Right to Buy)F2 | $42.15 | Aug 17, 2015 | M | 6,006 | D | — | Mar 4, 2018 | Class A Common Stock | 6,006 | 0 | D |
| Stock Options (Right to Buy)F2 | $19.68 | holding | — | — | — | — | Mar 5, 2016 | Class A Common Stock | 892 | 892 | D |
| Stock Options (Right to Buy)F3 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 9,480 | 9,480 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 699 | 699 | D |
| Stock Options (Right to Buy)F6 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 17,245 | 17,245 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 1,129 | 1,129 | D |
| Stock Options (Right to Buy)F8 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 21,607 | 21,607 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 1,644 | 1,644 | D |
| Stock Options (Right to Buy)F10 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 21,478 | 21,478 | D |
| Restricted Stock UnitsF4,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 2,149 | 2,149 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $127.87 to $127.95 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.
- F10These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
- F11These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).
- F2These options are immediately exercisable.
- F3These options vest in accordance with the following schedule: 3,160 vest on each of the first through fourth anniversaries of the grant date (March 6, 2012).
- F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F5These restricted stock units vest in accordance with the following schedule: 698 vest on the first anniversary of the grant date and 699 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
- F6These options vest in accordance with the following schedule: 4,311 vest on each of the first through third anniversaries of the grant date and 4,312 vest on the fourth anniversary of the grant date (March 6, 2013).
- F7These restricted stock units vest in accordance with the following schedule: 564 vest on each of the first and third anniversaries of the grant date and 565 vest on each of the second and fourth anniversaries of the grant date (March 6, 2013).
- F8These options vest in accordance with the following schedule: 5,401 vest on the first anniversary of the grant date and 5,402 vest on each of the second through fourth anniversaries of the grant date (March 6, 2014).
- F9These restricted stock units vest in accordance with the following schedule: 548 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).