SEC Form 4 · accession 0001209191-16-109244

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Mark R Ciarfella

Officer — EVP - Operations

Period of report

Mar 15, 2016

Accepted (ET)

Mar 17, 2016 · 6:25 pm EDT

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 15, 2016	M	3,950	$47.52	A	13,716	D
Class A Common Stock^F1	Mar 15, 2016	S	3,950	$95.50	D	9,766	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	$47.52	Mar 15, 2016	M	3,950	D	—	Mar 6, 2019	Class A Common Stock	3,950	1	D
Stock Options (Right to Buy)^F3	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	11,346	11,346	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Class A Common Stock	743	743	D
Stock Options (Right to Buy)^F6	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	22,721	22,721	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	—	Class A Common Stock	1,537	1,537	D
Stock Options (Right to Buy)^F8	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	30,069	30,069	D
Restricted Stock Units^F4,F9	—	holding	—	—	—	—	—	Class A Common Stock	2,257	2,257	D
Stock Options (Right to Buy)^F10	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	38,620	38,620	D
Restricted Stock Units^F4,F11	—	holding	—	—	—	—	—	Class A Common Stock	3,775	3,775	D

Explanation of responses

F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $95.50 to $95.53 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F10These options vest in accordance with the following schedule: 9,655 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
F11These restricted stock units vest in accordance with the following schedule: 943 vest on the first anniversary of the grant date and 944 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
F2These options are immediately exercisable.
F3These options vest in accordance with the following schedule: 5,673 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
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: 742 vest on the first anniversary of the grant date and 743 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
F6These options vest in accordance with the following schedule: 7,573 vest on each of the first and the third anniversary of the grant date and 7,574 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).
F7These restricted stock units vest in accordance with the following schedule: 768 vest on each of the first through third anniversaries of the grant date and 769 vest on the fourth anniversary of the grant date (March 6, 2014).
F8These options vest in accordance with the following schedule: 7,517 vest on each of the first through third anniversaries of the grant date and 7,518 vest on the fourth anniversary of the grant date (March 5, 2015).
F9These restricted stock units vest in accordance with the following schedule: 752 vest on each of the first through third anniversaries of the grant date and 753 vest on the fourth anniversary of the grant date (March 5, 2015).