SEC Form 4 · accession 0001209191-17-017933

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Steven E Bernstein

Director · Other

Period of report

Mar 2, 2017

Accepted (ET)

Mar 3, 2017 · 6:05 pm 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	Mar 2, 2017	M	2,042	$32.81	A	32,010	D
Class A Common Stock	Mar 2, 2017	F	1,059	$115.36	D	30,951	D
Class A Common Stock^F1	holding	—	—		—	165,142	I	See Footnote

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)^F2	$32.81	Mar 2, 2017	M	2,042	D	—	May 6, 2017	Class A Common Stock	2,042	0	D
Stock Options (Right to Buy)^F2	$37.76	holding	—	—	—	—	May 4, 2018	Class A Common Stock	2,015	2,015	D
Stock Options (Right to Buy)^F2	$50.35	holding	—	—	—	—	May 17, 2019	Class A Common Stock	1,643	1,643	D
Stock Options (Right to Buy)^F2	$79.67	holding	—	—	—	—	May 9, 2020	Class A Common Stock	1,999	1,999	D
Stock Options (Right to Buy)^F3	$96.80	holding	—	—	—	—	May 8, 2021	Class A Common Stock	2,202	2,202	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Class A Common Stock	303	303	D
Stock Options (Right to Buy)^F6	$113.55	holding	—	—	—	—	May 21, 2022	Class A Common Stock	1,899	1,899	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	—	Class A Common Stock	498	498	D
Stock Options (Right to Buy)^F8	$100.00	holding	—	—	—	—	May 13, 2023	Class A Common Stock	2,308	2,308	D
Restricted Stock Units^F4,F9	—	holding	—	—	—	—	—	Class A Common Stock	907	907	D

Explanation of responses

F1These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F2These options are exercisable immediately.
F3These 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.
F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5These 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.
F6These 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.
F7These 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.
F8These options vest in accordance with the following schedule: 769 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 769 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 770 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.
F9These restricted stock units vest in accordance with the following schedule: 302 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 302 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 303 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.