SEC Form 4 · accession 0001209191-16-118937
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George R Krouse Jr.
Director
Period of report
May 8, 2016
Accepted (ET)
May 10, 2016 · 6:33 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 StockF1 | May 8, 2016 | M | 303 | — | A | 7,853 | D | |
| Class A Common StockF2 | May 8, 2016 | F | 107 | $100.93 | D | 7,746 | D | |
| Class A Common StockF3 | May 9, 2016 | M | 347 | — | A | 8,093 | D | |
| Class A Common StockF2 | May 9, 2016 | F | 122 | $100.93 | D | 7,971 | 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,F5,F6 | — | May 9, 2016 | M | 347 | D | — | — | Class A Common Stock | 347 | 0 | D |
| Restricted Stock UnitsF1,F5,F8 | — | May 8, 2016 | M | 303 | D | — | — | Class A Common Stock | 303 | 303 | D |
| Stock Options (Right to Buy)F4 | $28.86 | holding | — | — | — | — | Oct 28, 2019 | Class A Common Stock | 5,000 | 5,000 | D |
| Stock Options (Right to Buy)F4 | $32.81 | holding | — | — | — | — | May 6, 2017 | Class A Common Stock | 681 | 681 | D |
| Stock Options (Right to Buy)F4 | $37.76 | holding | — | — | — | — | May 4, 2018 | Class A Common Stock | 1,343 | 1,343 | D |
| Stock Options (Right to Buy)F4 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 1,643 | 1,643 | D |
| Stock Options (Right to Buy)F4 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Stock Options (Right to Buy)F7 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Stock Options (Right to Buy)F9 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 747 | 747 | D |
Explanation of responses
- F1On May 8, 2016, 303 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F10These 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.
- F2Shares withheld for tax liability.
- F3On May 9, 2016, 347 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F4These options are immediately exercisable.
- F5Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F6These 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.
- F7These 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.
- F8These 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.
- F9These 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.