SEC Form 4 · accession 0001209191-16-107137

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

Mar 4, 2016

Accepted (ET)

Mar 8, 2016 · 6:35 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	537	—	A	7,355	D
Class A Common Stock^F2	Mar 5, 2016	F	147	$96.58	D	7,208	D
Class A Common Stock^F3	Mar 6, 2016	M	699	—	A	7,907	D
Class A Common Stock^F4	Mar 6, 2016	M	564	—	A	8,471	D
Class A Common Stock^F5	Mar 6, 2016	M	548	—	A	9,019	D
Class A Common Stock^F2	Mar 6, 2016	F	495	$96.58	D	8,524	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	699	D	—	—	Class A Common Stock	699	0	D
Restricted Stock Units^F4,F7,F10	—	Mar 6, 2016	M	564	D	—	—	Class A Common Stock	564	565	D
Restricted Stock Units^F5,F7,F12	—	Mar 6, 2016	M	548	D	—	—	Class A Common Stock	548	1,096	D
Restricted Stock Units^F1,F7,F14	—	Mar 5, 2016	M	537	D	—	—	Class A Common Stock	537	1,612	D
Stock Options (Right to Buy)^F15	$96.58	Mar 4, 2016	A	27,842	A	—	Mar 4, 2023	Class A Common Stock	27,842	27,842	D
Restricted Stock Units^F7,F16	—	Mar 4, 2016	A	2,721	A	—	—	Class A Common Stock	2,721	2,721	D
Stock Options (Right to Buy)^F6	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	9,480	9,480	D
Stock Options (Right to Buy)^F9	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	17,245	17,245	D
Stock Options (Right to Buy)^F11	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	21,607	21,607	D
Stock Options (Right to Buy)^F13	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	21,478	21,478	D

Explanation of responses

F1On March 5, 2016, 537 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: 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).
F11These 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).
F12These 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).
F13These 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).
F14These 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).
F15These options vest in accordance with the following schedule: 6,960 vest on each of the first and third anniversaries of the grant date and 6,961 vest on each of the second and fourth anniversaries of the grant date (March 4, 2016).
F16These restricted stock units vest in accordance with the following schedule: 680 vest on each of the first through third anniversaries of the grant date and 681 vest on the fourth anniversary of the grant date (March 4, 2016).
F2Shares withheld for payment of tax liability.
F3On March 6, 2016, 699 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, 564 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, 548 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: 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).
F9These 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).