SEC Form 4 · accession 0001209191-15-066988
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George R Krouse Jr.
Director
Period of report
Aug 18, 2015
Accepted (ET)
Aug 19, 2015 · 6:57 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 18, 2015 | M | 5,000 | $28.86 | A | 11,949 | D | |
| Class A Common StockF1 | Aug 18, 2015 | F | 2,483 | $128.01 | D | 9,466 | D | |
| Class A Common StockF2 | Aug 18, 2015 | S | 1,916 | $126.67 | D | 7,550 | 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 | $28.86 | Aug 18, 2015 | M | 5,000 | D | — | Oct 28, 2019 | Class A Common Stock | 5,000 | 5,000 | D |
| Stock Options (Right to Buy)F3 | $32.81 | holding | — | — | — | — | May 6, 2017 | Class A Common Stock | 681 | 681 | D |
| Stock Options (Right to Buy)F3 | $37.76 | holding | — | — | — | — | May 4, 2018 | Class A Common Stock | 1,343 | 1,343 | D |
| Stock Options (Right to Buy)F3 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 1,643 | 1,643 | D |
| Stock Options (Right to Buy)F4 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Restricted Stock UnitsF5,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 |
| Restrcited StockF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 606 | 606 | D |
| Stock Options (Right to Buy)F9 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 747 | 747 | D |
Explanation of responses
- F1Shares withheld for payment of tax liability and option exercise price.
- F10These 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.
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $126.62 to $126.76 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: 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.
- 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: 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.
- F9These 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.