SEC Form 4 · accession 0001209191-15-086191
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason V Silberstein
Officer — EVP - Site Leasing
Period of report
Dec 17, 2015
Accepted (ET)
Dec 18, 2015 · 6:21 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 | Dec 17, 2015 | M | 6,528 | $42.15 | A | 19,005 | D | |
| Class A Common Stock | Dec 17, 2015 | M | 20,583 | $47.52 | A | 39,588 | D | |
| Class A Common Stock | Dec 17, 2015 | M | 20,876 | $72.99 | A | 60,464 | D | |
| Class A Common StockF1 | Dec 17, 2015 | S | 49,491 | $101.20 | D | 10,973 | 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 | $42.15 | Dec 17, 2015 | M | 6,528 | D | — | Mar 4, 2018 | Class A Common Stock | 6,528 | 0 | D |
| Stock Options (Right to Buy)F3 | $47.52 | Dec 17, 2015 | M | 20,583 | D | — | Mar 6, 2019 | Class A Common Stock | 20,583 | 6,861 | D |
| Stock Options (Right to Buy)F6 | $72.99 | Dec 17, 2015 | M | 20,876 | D | — | Mar 6, 2020 | Class A Common Stock | 20,876 | 20,877 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 1,518 | 1,518 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 2,734 | 2,734 | D |
| Stock Options (Right to Buy)F8 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 51,322 | 51,322 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 3,905 | 3,905 | D |
| Stock Options (Right to Buy)F10 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 46,965 | 46,965 | D |
| Restricted Stock UnitsF4,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 4,701 | 4,701 | 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 $101.00 to $101.57 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: 11,741 vest on each of the first through third anniversaries of the grant date and 11,742 vest on the fourth anniversary of the grant date (March 5, 2015).
- F11These restricted stock units vest in accordance with the following schedule: 1,175 vest on each of the first through third anniversaries of the grant date and 1,176 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: 6,861 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: 1,517 vest on each of the first through third anniversaries of the grant date and 1,518 vest on the fourth anniversary of the grant date (March 6, 2012).
- F6These options vest in accordance with the following schedule: 10,438 vest on each of the first through third anniversaries of the grant date and 10,439 vest on the fourth anniversary of the grant date (March 6, 2013).
- F7These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
- F8These options vest in accordance with the following schedule: 12,830 vest on each of the first and the third anniversary of the grant date and 12,831 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).
- F9These restricted stock units vest in accordance with the following schedule: 1,301 vest on each of the first and the third anniversary of the grant date and 1,302 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).