SEC Form 4 · accession 0001209191-16-140994
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Thomas Cavanagh
Officer — Executive Vice President & CFO
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 6:50 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 | Sep 8, 2016 | M | 25,609 | $35.71 | A | 44,762 | D | |
| Class A Common StockF1 | Sep 8, 2016 | F | 10,675 | $118.47 | D | 34,087 | D | |
| Class A Common Stock | Sep 8, 2016 | M | 2,800 | $35.71 | A | 36,887 | D | |
| Class A Common StockF2 | Sep 8, 2016 | F | 844 | $118.47 | D | 36,043 | D | |
| Class A Common Stock | Sep 8, 2016 | M | 2,372 | $42.15 | A | 38,415 | D | |
| Class A Common StockF2 | Sep 8, 2016 | F | 844 | $118.47 | D | 37,571 | D | |
| Class A Common Stock | Sep 8, 2016 | M | 2,104 | $47.52 | A | 39,675 | D | |
| Class A Common StockF2 | Sep 8, 2016 | F | 844 | $118.47 | D | 38,831 | 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)F3 | $35.71 | Sep 8, 2016 | M | 28,409 | D | — | Mar 4, 2017 | Class A Common Stock | 28,409 | 0 | D |
| Stock Options (Right to Buy)F3 | $42.15 | Sep 8, 2016 | M | 2,372 | D | — | Mar 4, 2018 | Class A Common Stock | 2,372 | 27,221 | D |
| Stock Options (Right to Buy)F3 | $47.52 | Sep 8, 2016 | M | 2,104 | D | — | Mar 6, 2019 | Class A Common Stock | 2,104 | 28,999 | D |
| Stock Options (Right to Buy)F4 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 47,199 | 47,199 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 1,545 | 1,545 | D |
| Stock Options (Right to Buy)F7 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 60,588 | 60,588 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 3,073 | 3,073 | D |
| Stock Options (Right to Buy)F9 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 54,411 | 54,411 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 4,085 | 4,085 | D |
| Stock Options (Right to Buy)F11 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 68,258 | 68,258 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 6,672 | 6,672 | D |
Explanation of responses
- F1Shares withheld to cover the exercise price and for payment of tax liability.
- F10These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).
- F11These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
- F12These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
- F2Represents shares delivered to the Company to cover the exercise price.
- F3These options are immediately exercisable.
- F4These options vest in accordance with the following schedule: 11,799 vest on the first anniversary of the grant date and 11,800 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
- 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: 1,545 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
- F7These options vest in accordance with the following schedule: 15,147 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
- F8These restricted stock units vest in accordance with the following schedule: 1,536 vest on each of the first and third anniversary of the grant date and 1,537 vest on each of the second and fourth anniversary of the grant date (March 6, 2014).
- F9These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).