SEC Form 4 · accession 0001209191-17-034061
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Langer
Director
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 6:28 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 | 2,368 | D | |
| Class A Common StockF2 | May 17, 2017 | F | 88 | $130.77 | D | 2,280 | D | |
| Class A Common StockF3 | holding | — | — | — | 23,883 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F6,F7 | — | May 17, 2017 | M | 249 | D | — | — | Class A Common Stock | 249 | 249 | D |
| Stock Options (Right to Buy)F10 | $132.00 | May 18, 2017 | A | 1,977 | A | — | May 18, 2024 | Class A Common Stock | 1,977 | 1,977 | D |
| Restricted Stock UnitsF6,F11 | — | May 18, 2017 | A | 807 | A | — | — | Class A Common Stock | 807 | 807 | D |
| Stock Options (Right to Buy)F4 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Stock Options (Right to Buy)F4 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Stock Options (Right to Buy)F5 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Stock Options (Right to Buy)F8 | $100.00 | holding | — | — | — | — | May 13, 2023 | Class A Common Stock | 2,308 | 2,308 | D |
| Restricted Stock UnitsF6,F9 | — | 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 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.
- F11These 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.
- F2Shares withheld for tax liability.
- F3The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F4These options are immediately exercisable.
- F5These 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.
- F6Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- 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.