SEC Form 4 · accession 0001209191-16-106214
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Duncan Cocroft
Director
Period of report
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 6:31 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 | Mar 2, 2016 | M | 9,374 | $24.38 | A | 84,350 | D | |
| Class A Common StockF1 | Mar 2, 2016 | F | 4,124 | $96.33 | D | 80,226 | 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 | $24.38 | Mar 2, 2016 | M | 9,374 | D | — | May 7, 2016 | Class A Common Stock | 9,374 | 0 | D |
| Stock Options (Right to Buy)F2 | $32.81 | holding | — | — | — | — | May 6, 2017 | Class A Common Stock | 2,042 | 2,042 | D |
| Stock Options (Right to Buy)F2 | $37.76 | holding | — | — | — | — | May 4, 2018 | Class A Common Stock | 2,015 | 2,015 | D |
| Stock Options (Right to Buy)F2 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 1,643 | 1,643 | D |
| Stock Options (Right to Buy)F3 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 347 | 347 | D |
| Stock Options (Right to Buy)F6 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 606 | 606 | D |
| Stock Options (Right to Buy)F8 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 747 | 747 | D |
Explanation of responses
- F1Shares withheld for payment of tax liability and option exercise price.
- F2These options are exercisable immediately.
- F3These 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.
- 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: 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.
- F6These 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.
- F7These 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.
- F8These 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.
- F9These 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.