SEC Form 4 · accession 0001209191-17-019030
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R Ciarfella
Officer — EVP - Operations
Period of report
Mar 4, 2017
Accepted (ET)
Mar 7, 2017 · 7:10 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 StockF1 | Mar 4, 2017 | M | 943 | — | A | 10,709 | D | |
| Class A Common StockF2 | Mar 4, 2017 | F | 353 | $114.98 | D | 10,356 | D | |
| Class A Common StockF3 | Mar 5, 2017 | M | 752 | — | A | 11,108 | D | |
| Class A Common StockF2 | Mar 5, 2017 | F | 281 | $114.98 | D | 10,827 | D | |
| Class A Common StockF4 | Mar 6, 2017 | M | 743 | — | A | 11,570 | D | |
| Class A Common StockF5 | Mar 6, 2017 | M | 768 | — | A | 12,338 | D | |
| Class A Common StockF2 | Mar 6, 2017 | F | 590 | $114.98 | D | 11,748 | D | |
| Class A Common Stock | Mar 6, 2017 | M | 11,346 | $72.99 | A | 23,094 | D | |
| Class A Common StockF6 | Mar 6, 2017 | S | 11,346 | $115.00 | D | 11,748 | 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)F7 | $72.99 | Mar 6, 2017 | M | 11,346 | D | — | Mar 6, 2020 | Class A Common Stock | 11,346 | 0 | D |
| Restricted Stock UnitsF4,F8,F9 | — | Mar 6, 2017 | M | 743 | D | — | — | Class A Common Stock | 743 | 0 | D |
| Restricted Stock UnitsF5,F8,F11 | — | Mar 6, 2017 | M | 768 | D | — | — | Class A Common Stock | 768 | 769 | D |
| Restricted Stock UnitsF3,F8,F13 | — | Mar 5, 2017 | M | 752 | D | — | — | Class A Common Stock | 752 | 1,505 | D |
| Restricted Stock UnitsF1,F8,F15 | — | Mar 4, 2017 | M | 943 | D | — | — | Class A Common Stock | 943 | 2,832 | D |
| Stock Options (Right to Buy)F16 | $115.17 | Mar 6, 2017 | A | 33,508 | A | — | Mar 6, 2024 | Class A Common Stock | 33,508 | 33,508 | D |
| Restricted Stock UnitsF8,F17 | — | Mar 6, 2017 | A | 3,439 | A | — | — | Class A Common Stock | 3,439 | 3,439 | D |
| Stock Options (Right to Buy)F7 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 1 | 1 | D |
| Stock Options (Right to Buy)F10 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 22,721 | 22,721 | D |
| Stock Options (Right to Buy)F12 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 30,069 | 30,069 | D |
| Stock Options (Right to Buy)F14 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 38,620 | 38,620 | D |
Explanation of responses
- F1On March 4, 2017, 943 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These options vest in accordance with the following schedule: 7,573 vest on each of the first and the third anniversary of the grant date and 7,574 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).
- F11These restricted stock units vest in accordance with the following schedule: 768 vest on each of the first through third anniversaries of the grant date and 769 vest on the fourth anniversary of the grant date (March 6, 2014).
- F12These options vest in accordance with the following schedule: 7,517 vest on each of the first through third anniversaries of the grant date and 7,518 vest on the fourth anniversary of the grant date (March 5, 2015).
- F13These restricted stock units vest in accordance with the following schedule: 752 vest on each of the first through third anniversaries of the grant date and 753 vest on the fourth anniversary of the grant date (March 5, 2015).
- F14These options vest in accordance with the following schedule: 9,655 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
- F15These restricted stock units vest in accordance with the following schedule: 943 vest on the first anniversary of the grant date and 944 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
- F16These options vest in accordance with the following schedule: 8,377 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).
- F17These restricted stock units vest in accordance with the following schedule: 859 vest on the first anniversary of the grant date and 860 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F2Shares withheld for payment of tax liability.
- F3On March 5, 2017, 752 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F4On March 6, 2017, 743 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F5On March 6, 2017, 768 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F6Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $115 to $115.02 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.
- F7These options are immediately exercisable.
- F8Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F9These restricted stock units vest in accordance with the following schedule: 742 vest on the first anniversary of the grant date and 743 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).