SEC Form 4 · accession 0001209191-17-050649
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Lazarus
Officer — SVP & Chief Accounting Officer
Period of report
Aug 25, 2017
Accepted (ET)
Aug 29, 2017 · 7:30 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 25, 2017 | M | 7,376 | $47.52 | A | 17,525 | D | |
| Class A Common StockF1 | Aug 25, 2017 | S | 7,376 | $151.79 | D | 10,149 | D | |
| Class A Common Stock | Aug 28, 2017 | M | 2,104 | $47.52 | A | 12,253 | D | |
| Class A Common Stock | Aug 28, 2017 | M | 1,370 | $72.99 | A | 13,623 | D | |
| Class A Common StockF2 | Aug 28, 2017 | F | 1,316 | $152.10 | D | 12,307 | 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 | $47.52 | Aug 25, 2017 | M | 7,376 | D | — | Mar 6, 2019 | Class A Common Stock | 7,376 | 2,104 | D |
| Stock Options (Right to Buy)F3 | $47.52 | Aug 28, 2017 | M | 2,104 | D | — | Mar 6, 2019 | Class A Common Stock | 2,104 | 0 | D |
| Stock Options (Right to Buy)F3 | $72.99 | Aug 28, 2017 | M | 1,370 | D | — | Mar 6, 2020 | Class A Common Stock | 1,370 | 15,875 | D |
| Stock Options (Right to Buy)F4 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 21,607 | 21,607 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 548 | 548 | D |
| Stock Options (Right to Buy)F7 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 21,478 | 21,478 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 1,075 | 1,075 | D |
| Stock Options (Right to Buy)F9 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 27,842 | 27,842 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 2,041 | 2,041 | D |
| Stock Options (Right to Buy)F11 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 25,131 | 25,131 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 2,579 | 2,579 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $151.71 to $151.86 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.
- F10These restricted stock units vest in accordance with the following schedule: 680 vest on each of the first through third anniversaries of the grant date and 681 vest on the fourth anniversary of the grant date (March 4, 2016).
- F11These options vest in accordance with the following schedule: 6,282 vest on the first anniversary of the grant date and 6,283 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F12These restricted stock units vest in accordance with the following schedule: 644 vest on the first anniversary of the grant date and 645 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F2Represents shares delivered to the Company to cover the exercise price.
- F3These options are immediately exercisable.
- F4These options vest in accordance with the following schedule: 5,401 vest on the first anniversary of the grant date and 5,402 vest on each of the second through fourth anniversaries of the grant date (March 6, 2014).
- 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: 548 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
- F7These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
- F8These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).
- F9These options vest in accordance with the following schedule: 6,960 vest on each of the first and third anniversaries of the grant date and 6,961 vest on each of the second and fourth anniversaries of the grant date (March 4, 2016).