SEC Form 5 · accession 0001209191-17-010321

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Kurt L Bagwell

Officer — EVP; Pres. - International

Period of report

Dec 31, 2016

Accepted (ET)

Feb 14, 2017 · 10:58 am EST

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^F1	Aug 8, 2016	M	2,104	$47.52	A	93,830	D
Class A Common Stock^F2,F1	Aug 8, 2016	F	879	$113.86	D	92,951	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	$47.52	Aug 8, 2016	M	2,104	D	—	Mar 6, 2019	Class A Common Stock	2,104	9,123	D
Stock Options (Right to Buy)^F4	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	46,836	46,836	D
Restricted Stock Units^F5,F6	—	holding	—	—	—	—	—	Class A Common Stock	2,045	2,045	D
Stock Options (Right to Buy)^F7	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	73,062	73,062	D
Restricted Stock Units^F5,F8	—	holding	—	—	—	—	—	Class A Common Stock	3,706	3,706	D
Stock Options (Right to Buy)^F9	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	64,435	64,435	D
Restricted Stock Units^F5,F10	—	holding	—	—	—	—	—	Class A Common Stock	4,837	4,837	D
Stock Options (Right to Buy)^F11	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	80,832	80,832	D
Restricted Stock Units^F5,F12	—	holding	—	—	—	—	—	Class A Common Stock	7,901	7,901	D

Explanation of responses

F1This exercise of stock options and related disposition of shares to pay the option exercise price are reported late due to an inadvertent administrative oversight.
F10These restricted stock units vest in accordance with the following schedule: 1,612 vest on each of the first through third anniversaries of the grant date and 1,613 vest on the fourth anniversary of the grant date (March 5, 2015).
F11These options vest in accordance with the following schedule: 20,208 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
F12These restricted stock units vest in accordance with the following schedule: 1,975 vest on each of the first through third anniversaries of the grant date and 1,976 vest on the fourth anniversary of the grant date (March 4, 2016).
F2Represents shares used to pay option exercise price.
F3These options are immediately exercisable.
F4These options vest in accordance with the following schedule: 15,612 vest on each of the first through fourth anniversaries of the grant date and 2,045 vest on the fourth anniversary 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: 2,044 vest on the first through third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).
F7These options vest in accordance with the following schedule: 18,265 vest on each of the first and the third anniversary of the grant date and 18,266 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).
F8These restricted stock units vest in accordance with the following schedule: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
F9These options vest in accordance with the following schedule: 16,108 vest on the first anniversary of the grant date and 16,109 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).