SEC Form 4 · accession 0001209191-16-136652
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Stoops
Officer — Chief Executive Officer & Pres · Director
Period of report
Aug 9, 2016
Accepted (ET)
Aug 11, 2016 · 6:35 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,F2 | Aug 9, 2016 | S | 50,000 | $115.91 | D | 489,863 | I | By Limited Partnership |
| Class A Common StockF3 | Aug 10, 2016 | S | 36,092 | $116.29 | D | 336,592 | D | |
| Class A Common StockF4 | Aug 10, 2016 | S | 13,908 | $117.00 | D | 322,684 | D | |
| Class A Common Stock | Aug 11, 2016 | M | 95,111 | $42.15 | A | 417,795 | D | |
| Class A Common StockF5 | Aug 11, 2016 | F | 35,111 | $116.16 | D | 382,684 | D | |
| Class A Common StockF6 | holding | — | — | — | 5,675 | I | By Trust | |
| Class A Common StockF6 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF6 | holding | — | — | — | 5,175 | I | By Trust | |
| Class A Common StockF6 | holding | — | — | — | 3,950 | I | By Trust |
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)F7 | $42.15 | Aug 11, 2016 | M | 95,111 | D | — | Mar 4, 2018 | Class A Common Stock | 95,111 | 0 | D |
| Stock Options (Right to Buy)F7 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 106,450 | 106,450 | D |
| Stock Options (Right to Buy)F8 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 145,228 | 145,228 | D |
| Restricted Stock UnitsF9,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 4,755 | 4,755 | D |
| Stock Options (Right to Buy)F11 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 175,529 | 175,529 | D |
| Restricted Stock UnitsF9,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 8,904 | 8,904 | D |
| Stock Options (Right to Buy)F13 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 160,715 | 160,715 | D |
| Restricted Stock UnitsF9,F14 | — | holding | — | — | — | — | — | Class A Common Stock | 12,066 | 12,066 | D |
| Stock Options (Right to Buy)F15 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 201,614 | 201,614 | D |
| Restricted Stock UnitsF9,F16 | — | holding | — | — | — | — | — | Class A Common Stock | 19,707 | 19,707 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $115.74 to $116.37 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 restricted stock units vest in accordance with the following schedule: 4,754 vest on each of the first through third anniversaries of the grant date and 4,755 vest on the fourth anniversary of the grant date (March 6, 2013).
- F11These options vest in accordance with the following schedule: 43,882 vest on each of the first through third anniversaries of the grant date and 43,883 vest on the fourth anniversary of the grant date (March 6, 2014).
- F12These restricted stock units vest in accordance with the following schedule: 4,451 vest on the first anniversary of the grant date and 4,452 on each of the second through fourth anniversaries of the grant date (March 6, 2014).
- F13These options vest in accordance with the following schedule: 40,178 vest on the first anniversary of the grant date and 40,179 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: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
- F15These options vest in accordance with the following schedule: 50,403 vest on each of the first and third anniversary of the grant date and 50,404 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
- F16These restricted stock units vest in accordance with the following schedule: 4,926 vest on the first anniversary of the grant date and 4,927 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
- F2These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
- F3Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $116.00 to $116.75 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.
- F4Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $116.76 to $117.33 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.
- F5Shares withheld for payment of tax liability and option exercise price.
- F6Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
- F7These options are immediately exercisable.
- F8These options vest in accordance with the following schedule: 36,307 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
- F9Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.