SEC Form 4 · accession 0001209191-18-017550

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

Mar 4, 2018

Accepted (ET)

Mar 6, 2018 · 9:04 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
Class A Common Stock^F1	Mar 4, 2018	M	944	—	A	12,692	D
Class A Common Stock^F2	Mar 4, 2018	F	352	$152.91	D	12,340	D
Class A Common Stock^F3	Mar 5, 2018	M	752	—	A	13,092	D
Class A Common Stock^F2	Mar 5, 2018	F	298	$152.91	D	12,794	D
Class A Common Stock^F4	Mar 6, 2018	M	769	—	A	13,563	D
Class A Common Stock^F5	Mar 6, 2018	M	859	—	A	14,422	D
Class A Common Stock^F2	Mar 6, 2018	F	609	$156.68	D	13,813	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 Units^F4,F8,F9	—	Mar 6, 2018	M	769	D	—	—	Class A Common Stock	769	0	D
Restricted Stock Units^F3,F8,F11	—	Mar 5, 2018	M	752	D	—	—	Class A Common Stock	752	753	D
Restricted Stock Units^F1,F8,F13	—	Mar 4, 2018	M	944	D	—	—	Class A Common Stock	944	1,888	D
Restricted Stock Units^F5,F8,F15	—	Mar 6, 2018	M	859	D	—	—	Class A Common Stock	859	2,580	D
Stock Options (Right to Buy)^F16	$156.50	Mar 6, 2018	A	27,037	A	—	Mar 6, 2025	Class A Common Stock	27,037	27,037	D
Restricted Stock Units^F8,F17	—	Mar 6, 2018	A	2,818	A	—	—	Class A Common Stock	2,818	2,818	D
Stock Options (Right to Buy)^F6	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	1	1	D
Stock Options (Right to Buy)^F7	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	19,792	19,792	D
Stock Options (Right to Buy)^F6	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	7,574	7,574	D
Stock Options (Right to Buy)^F10	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	30,069	30,069	D
Stock Options (Right to Buy)^F12	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	28,965	28,965	D
Stock Options (Right to Buy)^F14	$115.17	holding	—	—	—	—	Mar 6, 2024	Class A Common Stock	33,508	33,508	D

Explanation of responses

F1On March 4, 2018, 944 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: 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).
F11These 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).
F12These 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).
F13These 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).
F14These 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).
F15These 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).
F16These options vest in accordance with the following schedule: 6,759 vest on each of the first through third anniversaries of the grant date and 6,760 vest on the fourth anniversary of the grant date (March 6, 2018).
F17These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F2Shares withheld for payment of tax liability.
F3On March 5, 2018, 752 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, 769 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5On March 6, 2018, 859 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6These options are immediately exercisable.
F7These 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).
F8Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9These 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).