SEC Form 4 · accession 0001209191-18-017566

SBA COMMUNICATIONS CORP · SBAC

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

Reporting owner

Jeffrey Stoops

Officer — Chief Executive Officer & Pres · Director

Period of report

Mar 4, 2018

Accepted (ET)

Mar 6, 2018 · 9:24 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^F1,F2	Mar 4, 2018	M	4,927	—	A	259,769	D
Class A Common Stock^F3	Mar 4, 2018	F	1,562	$152.91	D	258,207	D
Class A Common Stock^F4	Mar 5, 2018	M	4,022	—	A	262,229	D
Class A Common Stock^F3	Mar 5, 2018	F	978	$152.91	D	261,251	D
Class A Common Stock^F5	Mar 6, 2018	M	4,452	—	A	265,703	D
Class A Common Stock^F6	Mar 6, 2018	M	4,455	—	A	270,158	D
Class A Common Stock^F3	Mar 6, 2018	F	3,506	$156.68	D	266,652	D
Class A Common Stock^F7	holding	—	—		—	489,863	I	By Limited Partnership
Class A Common Stock^F8	holding	—	—		—	5,675	I	By Trust
Class A Common Stock^F8	holding	—	—		—	5,425	I	By Trust
Class A Common Stock^F8	holding	—	—		—	5,175	I	By Trust
Class A Common Stock^F8	holding	—	—		—	3,950	I	By Trust

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^F5,F10,F11	—	Mar 6, 2018	M	4,452	D	—	—	Class A Common Stock	4,452	0	D
Restricted Stock Units^F4,F10,F13	—	Mar 5, 2018	M	4,022	D	—	—	Class A Common Stock	4,022	4,022	D
Restricted Stock Units^F1,F10,F15	—	Mar 4, 2018	M	4,927	D	—	—	Class A Common Stock	4,927	9,854	D
Restricted Stock Units^F6,F10,F17	—	Mar 6, 2018	M	4,455	D	—	—	Class A Common Stock	4,455	13,368	D
Stock Options (Right to Buy)^F18	$156.50	Mar 6, 2018	A	137,601	A	—	Mar 6, 2025	Class A Common Stock	137,601	137,601	D
Restricted Stock Units^F10,F19	—	Mar 6, 2018	A	14,343	A	—	—	Class A Common Stock	14,343	14,343	D
Stock Options (Right to Buy)^F9	$47.52	holding	—	—	—	—	Mar 6, 2019	Class A Common Stock	106,450	106,450	D
Stock Options (Right to Buy)^F9	$72.99	holding	—	—	—	—	Mar 6, 2020	Class A Common Stock	145,228	145,228	D
Stock Options (Right to Buy)^F9	$95.53	holding	—	—	—	—	Mar 6, 2021	Class A Common Stock	175,529	175,529	D
Stock Options (Right to Buy)^F12	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	160,715	160,715	D
Stock Options (Right to Buy)^F14	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	201,614	201,614	D
Stock Options (Right to Buy)^F16	$115.17	holding	—	—	—	—	Mar 6, 2024	Class A Common Stock	173,635	173,635	D

Explanation of responses

F1On March 4, 2018, 4,927 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F10Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F11These restricted stock units vest in accordance with the following schedule: 4,451 vest on the first anniversary of the grant date and 4,452 on each of the second through fourth anniversaries of the grant date (March 6, 2014).
F12These options vest in accordance with the following schedule: 40,178 vest on the first anniversary of the grant date and 40,179 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F13These restricted stock units vest in accordance with the following schedule: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F14These options vest in accordance with the following schedule: 50,403 vest on each of the first and third anniversary of the grant date and 50,404 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
F15These restricted stock units vest in accordance with the following schedule: 4,926 vest on the first anniversary of the grant date and 4,927 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
F16These options vest in accordance with the following schedule: 43,408 vest on the first anniversary of the grant date and 43,409 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F17These restricted stock units vest in accordance with the following schedule: 4,455 vest on the first anniversary of the grant date and 4,456 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F18These options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (March 6, 2018).
F19These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
F2Includes 147 shares acquired on February 27, 2018 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
F3Shares withheld for payment of tax liability.
F4On March 5, 2018, 4,022 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, 4,452 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6On March 6, 2018, 4,455 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F7These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F8Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
F9These options are immediately exercisable.