SEC Form 4 · accession 0001209191-16-107132

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Kurt L Bagwell

Officer — EVP; Pres. - International

Period of report

Mar 4, 2016

Accepted (ET)

Mar 8, 2016 · 6:33 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^F1	Mar 5, 2016	M	1,612	—	A	87,693	D
Class A Common Stock^F2	Mar 5, 2016	F	600	$96.58	D	87,093	D
Class A Common Stock^F3	Mar 6, 2016	M	2,483	—	A	89,576	D
Class A Common Stock^F4	Mar 6, 2016	M	2,044	—	A	91,620	D
Class A Common Stock^F5	Mar 6, 2016	M	1,853	—	A	93,473	D
Class A Common Stock^F2	Mar 6, 2016	F	1,747	$96.58	D	91,726	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F3,F7,F8	—	Mar 6, 2016	M	2,483	D	—	—	Class A Common Stock	2,483	0	D
Restricted Stock Units^F4,F7,F10	—	Mar 6, 2016	M	2,044	D	—	—	Class A Common Stock	2,044	2,045	D
Restricted Stock Units^F5,F7,F12	—	Mar 6, 2016	M	1,853	D	—	—	Class A Common Stock	1,853	3,706	D
Restricted Stock Units^F1,F7,F14	—	Mar 5, 2016	M	1,612	D	—	—	Class A Common Stock	1,612	4,837	D
Stock Options (Right to Buy)^F15	$96.58	Mar 4, 2016	A	80,832	A	—	Mar 4, 2023	Class A Common Stock	80,832	80,832	D
Restricted Stock Units^F7,F16	—	Mar 4, 2016	A	7,901	A	—	—	Class A Common Stock	7,901	7,901	D
Stock Options (Right to Buy)^F6	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	11,227	11,227	D
Stock Options (Right to Buy)^F9	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	46,836	46,836	D
Stock Options (Right to Buy)^F11	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	73,062	73,062	D
Stock Options (Right to Buy)^F13	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	64,435	64,435	D

Explanation of responses

F1On March 5, 2016, 1,612 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F10These restricted stock units vest in accordance with the following schedule: 2,044 vest on the first through third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).
F11These 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).
F12These 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).
F13These 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).
F14These 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).
F15These options vest in accordance with the following schedule: 20,208 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
F16These restricted stock units vest in accordance with the following schedule: 1,975 vest on each of the first through third anniversaries of the grant date and 1,976 vest on the fourth anniversary of the grant date (March 4, 2016).
F2Shares withheld for payment of tax liability.
F3On March 6, 2016, 2,483 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F4On March 6, 2016, 2,044 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5On March 6, 2016, 1,853 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6These options are immediately exercisable.
F7Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8These 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).
F9These 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).