SEC Form 4 · accession 0001209191-15-066986

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Kurt L Bagwell

Officer — EVP; Pres. - International

Period of report

Aug 17, 2015

Accepted (ET)

Aug 19, 2015 · 6:53 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
Class A Common Stock	Aug 17, 2015	M	2,372	$42.15	A	86,866	D
Class A Common Stock^F1	Aug 17, 2015	F	785	$127.40	D	86,081	D
Class A Common Stock	Aug 17, 2015	M	8,508	$42.15	A	94,589	D
Class A Common Stock	Aug 17, 2015	M	11,227	$47.52	A	105,816	D
Class A Common Stock^F2	Aug 17, 2015	S	19,735	$127.77	D	86,081	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	Aug 17, 2015	M	10,880	D	—	Mar 4, 2018	Class A Common Stock	10,880	0	D
Stock Options (Right to Buy)^F4	$47.52	Aug 17, 2015	M	11,227	D	—	Mar 6, 2019	Class A Common Stock	11,227	11,227	D
Restricted Stock Units^F5,F6	—	holding	—	—	—	—	—	Class A Common Stock	2,483	2,483	D
Stock Options (Right to Buy)^F7	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	46,836	46,836	D
Restricted Stock Units^F5,F8	—	holding	—	—	—	—	—	Class A Common Stock	4,089	4,089	D
Stock Options (Right to Buy)^F9	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	73,062	73,062	D
Restricted Stock Units^F5,F10	—	holding	—	—	—	—	—	Class A Common Stock	5,559	5,559	D
Stock Options (Right to Buy)^F11	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	64,435	64,435	D
Restricted Stock Units^F5,F12	—	holding	—	—	—	—	—	Class A Common Stock	6,449	6,449	D

Explanation of responses

F1Represents shares used to pay option exercise price.
F10These restricted stock units vest in accordance with the following schedule: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
F11These options vest in accordance with the following schedule: 16,108 vest on the first anniversary of the grant date and 16,109 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F12These restricted stock units vest in accordance with the following schedule: 1,612 vest on each of the first through third anniversaries of the grant date and 1,613 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 $127.75 to $127.94 per share. The Reporting Person, upon request, will provide the Securites 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: 11,227 vest on each of the first through fourth anniversaries 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: 2,482 vest on the first anniversary of the grant date and 2,483 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
F7These options vest in accordance with the following schedule: 15,612 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: 2,044 vest on the first through third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).
F9These options vest in accordance with the following schedule: 18,265 vest on each of the first and the third anniversary of the grant date and 18,266 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).