SEC Form 4 · accession 0001209191-18-015203

SBA COMMUNICATIONS CORP · SBAC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Brendan Thomas Cavanagh

Officer — Executive Vice President & CFO

Period of report

Feb 27, 2018

Accepted (ET)

Mar 1, 2018 · 6:15 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 Stock	Feb 27, 2018	M	27,221	$42.15	A	60,576	D
Class A Common Stock^F1	Feb 27, 2018	F	13,874	$172.73	D	46,702	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)^F2	$42.15	Feb 27, 2018	M	27,221	D	—	Mar 4, 2018	Class A Common Stock	27,221	0	D
Stock Options (Right to Buy)^F2	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	28,999	28,999	D
Stock Options (Right to Buy)^F2	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	47,199	47,199	D
Stock Options (Right to Buy)^F3	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	60,588	60,588	D
Restricted Stock Units^F4,F5	—	holding	—	—	—	—	—	Class A Common Stock	1,537	1,537	D
Stock Options (Right to Buy)^F6	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	54,411	54,411	D
Restricted Stock Units^F4,F7	—	holding	—	—	—	—	—	Class A Common Stock	2,723	2,723	D
Stock Options (Right to Buy)^F8	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	68,258	68,258	D
Restricted Stock Units^F4,F9	—	holding	—	—	—	—	—	Class A Common Stock	5,004	5,004	D
Stock Options (Right to Buy)^F10	$115.17	holding	—	—	—	—	Mar 6, 2024	Class A Common	60,163	60,163	D
Restricted Stock Units^F4,F11	—	holding	—	—	—	—	—	Class A Common Stock	6,175	6,175	D

Explanation of responses

F1Shares withheld to cover the exercise price and for payment of tax liability.
F10These options vest in accordance with the following schedule: 15,040 vest on the first anniversary of the grant date and 15,041 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F11These restricted stock units vest in accordance with the following schedule: 1,543 vest on the first anniversary of the grant date and 1,544 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F2These options are immediately exercisable.
F3These options vest in accordance with the following schedule: 15,147 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5These restricted stock units vest in accordance with the following schedule: 1,536 vest on each of the first and third anniversary of the grant date and 1,537 vest on each of the second and fourth anniversary of the grant date (March 6, 2014).
F6These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F7These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).
F8These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
F9These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).