SEC Form 4 · accession 0001209191-16-107139
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
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 6:36 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 StockF1 | Mar 5, 2016 | M | 1,175 | — | A | 12,148 | D | |
| Class A Common StockF2 | Mar 5, 2016 | F | 322 | $96.58 | D | 11,826 | D | |
| Class A Common StockF3 | Mar 6, 2016 | M | 1,518 | — | A | 13,344 | D | |
| Class A Common StockF4 | Mar 6, 2016 | M | 1,367 | — | A | 14,711 | D | |
| Class A Common StockF5 | Mar 6, 2016 | M | 1,302 | — | A | 16,013 | D | |
| Class A Common StockF2 | Mar 6, 2016 | F | 1,147 | $96.58 | D | 14,866 | 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 UnitsF3,F7,F8 | — | Mar 6, 2016 | M | 1,518 | D | — | — | Class A Common Stock | 1,518 | 0 | D |
| Restricted Stock UnitsF4,F7,F10 | — | Mar 6, 2016 | M | 1,367 | D | — | — | Class A Common Stock | 1,367 | 1,367 | D |
| Restricted Stock UnitsF5,F7,F12 | — | Mar 6, 2016 | M | 1,302 | D | — | — | Class A Common Stock | 1,302 | 2,603 | D |
| Restricted Stock UnitsF1,F7,F14 | — | Mar 5, 2016 | M | 1,175 | D | — | — | Class A Common Stock | 1,175 | 3,526 | D |
| Stock Options (Right to Buy)F15 | $96.58 | Mar 4, 2016 | A | 58,918 | A | — | Mar 4, 2023 | Class A Common Stock | 58,918 | 58,918 | D |
| Restricted Stock UnitsF7,F16 | — | Mar 4, 2016 | A | 5,759 | A | — | — | Class A Common Stock | 5,759 | 5,759 | D |
| Stock Options (Right to Buy)F6 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 6,861 | 6,861 | D |
| Stock Options (Right to Buy)F9 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 20,877 | 20,877 | D |
| Stock Options (Right to Buy)F11 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 51,322 | 51,322 | D |
| Stock Options (Right to Buy)F13 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 46,965 | 46,965 | D |
Explanation of responses
- F1On March 5, 2016, 1,175 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: 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F14These 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).
- F15These options vest in accordance with the following schedule: 14,729 vest on each of the first and the third anniversary of the grant date and 14,730 vest on each of the second and the fourth anniversary of the grant date (March 4, 2016).
- F16These restricted stock units vest in accordance with the following schedule: 1,439 vest on the first anniversary of the grant date and 1,440 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
- F2Shares withheld for payment of tax liability.
- F3On March 6, 2016, 1,518 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, 1,367 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, 1,302 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: 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).
- F9These 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).