SEC Form 4 · accession 0001209191-16-105700

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Thomas P Hunt

Officer — Executive VP/General Counsel

Period of report

Mar 1, 2016

Accepted (ET)

Mar 3, 2016 · 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
Class A Common Stock	Mar 1, 2016	M	59,250	$19.68	A	84,245	D
Class A Common Stock	Mar 1, 2016	M	2,800	$35.71	A	87,045	D
Class A Common Stock	Mar 1, 2016	M	2,372	$42.15	A	89,417	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)^F1	$19.68	Mar 1, 2016	M	59,250	D	—	Mar 5, 2016	Class A Common Stock	59,250	0	D
Stock Options (Right to Buy)^F1	$35.71	Mar 1, 2016	M	2,800	D	—	Mar 4, 2017	Class A Common Stock	2,800	36,342	D
Stock Options (Right to Buy)^F1	$42.15	Mar 1, 2016	M	2,372	D	—	Mar 4, 2018	Class A Common Stock	2,372	41,147	D
Stock Options (Right to Buy)^F2	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	44,908	44,908	D
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Class A Common Stock	2,483	2,483	D
Stock Options (Right to Buy)^F5	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	62,448	62,448	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Class A Common Stock	4,089	4,089	D
Stock Options (Right to Buy)^F7	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	73,062	73,062	D
Restricted Stock Units^F3,F8	—	holding	—	—	—	—	—	Class A Common Stock	5,559	5,559	D
Stock Options (Right to Buy)^F9	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	64,435	64,435	D
Restricted Stock Units^F3,F10	—	holding	—	—	—	—	—	Class A Common Stock	6,449	6,449	D

Explanation of responses

F1These options are immediately exercisable.
F10These 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).
F2These 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).
F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4These 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).
F5These 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).
F6These restricted stock units vest in accordance with the following schedule: 2,044 vest on each of the first through the third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).
F7These 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).
F8These 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).
F9These 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).