SEC Form 4 · accession 0001209191-17-034047
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian C Carr
Director
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 6:18 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 StockF1 | May 17, 2017 | M | 249 | — | A | 3,051 | D | |
| Class A Common Stock | May 18, 2017 | M | 274 | $50.35 | A | 3,325 | D | |
| Class A Common Stock | May 18, 2017 | M | 999 | $79.67 | A | 4,324 | D | |
| Class A Common Stock | May 18, 2017 | M | 2,202 | $96.80 | A | 6,526 | D | |
| Class A Common StockF2 | May 18, 2017 | S | 3,475 | $132.54 | D | 3,051 | 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 | $50.35 | May 18, 2017 | M | 274 | D | — | May 17, 2019 | Class A Common Stock | 274 | 0 | D |
| Stock Options (Right to Buy)F3 | $79.67 | May 18, 2017 | M | 999 | D | — | May 9, 2020 | Class A Common Stock | 999 | 0 | D |
| Stock Options (Right to Buy)F3 | $96.80 | May 18, 2017 | M | 2,202 | D | — | May 8, 2021 | Class A Common Stock | 2,202 | 0 | D |
| Restricted Stock UnitsF1,F5,F6 | — | May 17, 2017 | M | 249 | D | — | — | Class A Common Stock | 249 | 249 | D |
| Stock Options (Right to Buy)F9 | $132.00 | May 18, 2017 | A | 1,977 | A | — | May 18, 2024 | Class A Common Stock | 1,977 | 1,977 | D |
| Restricted Stock UnitsF5,F10 | — | May 18, 2017 | A | 807 | A | — | — | Class A Common Stock | 807 | 807 | D |
| Stock Options (Right to Buy)F4 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Stock Options (Right to Buy)F7 | $100.00 | holding | — | — | — | — | May 13, 2023 | Class A Common Stock | 2,308 | 2,308 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 605 | 605 | D |
Explanation of responses
- F1On May 17, 2017, 249 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F10These restricted stock units vest in accordance with the following schedule: 269 vest on May 1, 2018; 269 vest on May 1, 2019; and 269 vest on May 1, 2020.
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $132.54 to $132.56 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.
- F3These options are immediately exercisable.
- F4These 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.
- 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: 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.
- F7These 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.
- F8These 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.
- F9These options vest in accordance with the following schedule: 659 vest on May 1, 2018; 659 vest on May 1, 2019; and 659 vest on May 1, 2020.