SEC Form 4 · accession 0001209191-18-017554
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
Mar 4, 2018
Accepted (ET)
Mar 6, 2018 · 9:09 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 | 680 | — | A | 12,987 | D | |
| Class A Common StockF2 | Mar 4, 2018 | F | 231 | $152.91 | D | 12,756 | D | |
| Class A Common StockF3 | Mar 5, 2018 | M | 537 | — | A | 13,293 | D | |
| Class A Common StockF2 | Mar 5, 2018 | F | 205 | $152.91 | D | 13,088 | D | |
| Class A Common StockF4 | Mar 6, 2018 | M | 548 | — | A | 13,636 | D | |
| Class A Common StockF5 | Mar 6, 2018 | M | 644 | — | A | 14,280 | D | |
| Class A Common StockF2 | Mar 6, 2018 | F | 411 | $156.68 | D | 13,869 | 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 UnitsF4,F7,F8 | — | Mar 6, 2018 | M | 548 | D | — | — | Class A Common Stock | 548 | 0 | D |
| Restricted Stock UnitsF3,F7,F10 | — | Mar 5, 2018 | M | 537 | D | — | — | Class A Common Stock | 537 | 538 | D |
| Restricted Stock UnitsF1,F7,F12 | — | Mar 4, 2018 | M | 680 | D | — | — | Class A Common Stock | 680 | 1,361 | D |
| Restricted Stock UnitsF5,F7,F14 | — | Mar 6, 2018 | M | 644 | D | — | — | Class A Common Stock | 644 | 1,935 | D |
| Stock Options (Right to Buy)F15 | $156.50 | Mar 6, 2018 | A | 21,243 | A | — | Mar 6, 2025 | Class A Common Stock | 21,243 | 21,243 | D |
| Restricted Stock UnitsF7,F16 | — | Mar 6, 2018 | A | 2,214 | A | — | — | Class A Common Stock | 2,214 | 2,214 | D |
| Stock Options (Right to Buy)F6 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 2,104 | 2,104 | D |
| Stock Options (Right to Buy)F6 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 15,875 | 15,875 | D |
| Stock Options (Right to Buy)F6 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 21,607 | 21,607 | D |
| Stock Options (Right to Buy)F9 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 21,478 | 21,478 | D |
| Stock Options (Right to Buy)F11 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 27,842 | 27,842 | D |
| Stock Options (Right to Buy)F13 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 25,131 | 25,131 | D |
Explanation of responses
- F1On March 4, 2018, 680 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F14These 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).
- F15These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
- F16These restricted stock units vest in accordance with the following schedule: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018).
- F2Shares withheld for payment of tax liability.
- F3On March 5, 2018, 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, 548 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, 644 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.
- F7Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F8These 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).
- F9These 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).