SEC Form 4 · accession 0001209191-18-017548
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
Mar 4, 2018
Accepted (ET)
Mar 6, 2018 · 8:59 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 StockF1 | Mar 4, 2018 | M | 1,668 | — | A | 48,370 | D | |
| Class A Common StockF2 | Mar 5, 2018 | M | 1,361 | — | A | 49,731 | D | |
| Class A Common StockF3 | Mar 6, 2018 | M | 1,537 | — | A | 51,268 | D | |
| Class A Common StockF4 | Mar 6, 2018 | M | 1,543 | — | A | 52,811 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F6,F7 | — | Mar 6, 2018 | M | 1,537 | D | — | — | Class A Common Stock | 1,537 | 0 | D |
| Restricted Stock UnitsF2,F6,F9 | — | Mar 5, 2018 | M | 1,361 | D | — | — | Class A Common Stock | 1,361 | 1,362 | D |
| Restricted Stock UnitsF1,F6,F11 | — | Mar 4, 2018 | M | 1,668 | D | — | — | Class A Common Stock | 1,668 | 3,336 | D |
| Restricted Stock UnitsF4,F6,F13 | — | Mar 6, 2018 | M | 1,543 | D | — | — | Class A Common Stock | 1,543 | 4,632 | D |
| Stock Options (Right to Buy)F14 | $156.50 | Mar 6, 2018 | A | 50,212 | A | — | Mar 6, 2025 | Class A Common Stock | 50,212 | 50,212 | D |
| Restricted Stock UnitsF6,F15 | — | Mar 6, 2018 | A | 5,234 | A | — | — | Class A Common Stock | 5,234 | 5,234 | D |
| Stock Options (Right to Buy)F5 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 28,999 | 28,999 | D |
| Stock Options (Right to Buy)F5 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 47,199 | 47,199 | D |
| Stock Options (Right to Buy)F5 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 60,588 | 60,588 | D |
| Stock Options (Right to Buy)F8 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 54,411 | 54,411 | D |
| Stock Options (Right to Buy)F10 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 68,258 | 68,258 | D |
| Stock Options (Right to Buy)F12 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common | 60,163 | 60,163 | D |
Explanation of responses
- F1On March 4, 2018, 1,668 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F14These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
- F15These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
- F2On March 5, 2018, 1,361 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F3On March 6, 2018, 1,537 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F4On March 6, 2018, 1,543 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F5These options are immediately exercisable.
- 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: 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).
- F8These 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).
- F9These 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).