SEC Form 4 · accession 0001209191-18-016800
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven E Bernstein
Director · Other
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 6:01 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 | Mar 1, 2018 | M | 2,015 | $37.76 | A | 30,241 | D | |
| Class A Common StockF1 | holding | — | — | — | 165,142 | I | See Footnote |
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 | $37.76 | Mar 1, 2018 | M | 2,015 | D | — | May 4, 2018 | Class A Common Stock | 2,015 | 0 | D |
| Stock Options (Right to Buy)F2 | $50.35 | holding | — | — | — | — | May 17, 2019 | Class A Common Stock | 1,643 | 1,643 | D |
| Stock Options (Right to Buy)F2 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Stock Options (Right to Buy)F2 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Stock Options (Right to Buy)F3 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 249 | 249 | D |
| Stock Options (Right to Buy)F6 | $100.00 | holding | — | — | — | — | May 13, 2023 | Class A Common Stock | 2,308 | 2,308 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 605 | 605 | D |
| Stock Options (Right to Buy)F8 | $132.00 | holding | — | — | — | — | May 18, 2024 | Class A Common Stock | 1,977 | 1,977 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 807 | 807 | D |
Explanation of responses
- F1These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- F2These options are exercisable immediately.
- F3These 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.
- 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: 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.
- F6These 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.
- F7These 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.
- F8These 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.
- F9These 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.