SEC Form 4 · accession 0001209191-17-047954
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
Aug 4, 2017
Accepted (ET)
Aug 7, 2017 · 6:07 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 Stock | Aug 4, 2017 | M | 9,655 | $96.58 | A | 21,403 | D | |
| Class A Common Stock | Aug 4, 2017 | S | 9,655 | $140.74 | 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 | $96.58 | Aug 4, 2017 | M | 9,655 | D | — | Mar 4, 2023 | Class A Common Stock | 9,655 | 28,965 | D |
| Stock Options (Right to Buy)F1 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 1 | 1 | D |
| Stock Options (Right to Buy)F2 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 19,792 | 19,792 | D |
| Stock Options (Right to Buy)F2 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 7,574 | 7,574 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 769 | 769 | D |
| Stock Options (Right to Buy)F5 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 30,069 | 30,069 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 1,505 | 1,505 | D |
| Restricted Stock UnitsF3,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 2,832 | 2,832 | D |
| Stock Options (Right to Buy)F9 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 33,508 | 33,508 | D |
| Restricted Stock UnitsF3,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 3,439 | 3,439 | D |
Explanation of responses
- F1These options are immediately exercisable.
- F10These 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).
- F2These 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).
- F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4These 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).
- F5These 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).
- F6These 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).
- F7These 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).
- F8These 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).
- F9These 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).