SEC Form 4 · accession 0001209191-15-083369

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

Dec 2, 2015

Accepted (ET)

Dec 3, 2015 · 6:49 pm EST

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^F1	Dec 2, 2015	M	892	$19.68	A	7,289	D
Class A Common Stock^F2	Dec 2, 2015	F	471	$109.45	D	6,818	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	$19.68	Dec 2, 2015	M	892	D	—	Mar 5, 2016	Class A Common Stock	892	0	D
Stock Options (Right to Buy)^F4	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	9,480	9,480	D
Restricted Stock Units^F5,F6	—	holding	—	—	—	—	—	Class A Common Stock	699	699	D
Stock Options (Right to Buy)^F7	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	17,245	17,245	D
Restricted Stock Units^F5,F8	—	holding	—	—	—	—	—	Class A Common Stock	1,129	1,129	D
Stock Options (Right to Buy)^F9	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	21,607	21,607	D
Restricted Stock Units^F5,F10	—	holding	—	—	—	—	—	Class A Common Stock	1,644	1,644	D
Stock Options (Right to Buy)^F11	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	21,478	21,478	D
Restricted Stock Units^F5,F12	—	holding	—	—	—	—	—	Class A Common Stock	2,149	2,149	D

Explanation of responses

F1Includes 234 shares acquired on November 30, 2015 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
F10These 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).
F11These 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).
F12These 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).
F2Shares withheld for payment of tax liability and option exercise price.
F3These options are immediately exercisable.
F4These 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).
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: 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).
F7These 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).
F8These 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).
F9These 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).