SEC Form 4 · accession 0001209191-16-136653

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

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
Class A Common Stock	Aug 9, 2016	M	6,861	$47.52	A	21,727	D
Class A Common Stock	Aug 9, 2016	M	10,438	$72.99	A	32,165	D
Class A Common Stock	Aug 9, 2016	S	17,299	$115.95	D	14,866	D
Class A Common Stock	Aug 9, 2016	S	4,893	$115.40	D	9,973	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)^F1	$47.52	Aug 9, 2016	M	6,861	D	—	Mar 6, 2019	Class A Common Stock	6,861	0	D
Stock Options (Right to Buy)^F2	$72.99	Aug 9, 2016	M	10,438	D	—	Mar 6, 2020	Class A Common Stock	10,438	10,439	D
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Class A Common Stock	1,367	1,367	D
Stock Options (Right to Buy)^F5	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	51,322	51,322	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Class A Common Stock	2,603	2,603	D
Stock Options (Right to Buy)^F7	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	46,965	46,965	D
Restricted Stock Units^F3,F8	—	holding	—	—	—	—	—	Class A Common Stock	3,526	3,526	D
Stock Options (Right to Buy)^F9	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	58,918	58,918	D
Restricted Stock Units^F3,F10	—	holding	—	—	—	—	—	Class A Common Stock	5,759	5,759	D

Explanation of responses

F1These options are immediately exercisable.
F10These 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).
F2These 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).
F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4These 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).
F5These 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).
F6These 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).
F7These 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).
F8These 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).
F9These 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).