SEC Form 4 · accession 0001209191-18-017576
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt L Bagwell
Officer — EVP; Pres. - International
Period of report
Mar 4, 2018
Accepted (ET)
Mar 6, 2018 · 9:38 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,F2 | Mar 4, 2018 | M | 1,975 | — | A | 29,399 | D | |
| Class A Common StockF3 | Mar 4, 2018 | F | 778 | $152.91 | D | 28,621 | D | |
| Class A Common StockF4 | Mar 5, 2018 | M | 1,612 | — | A | 30,233 | D | |
| Class A Common StockF3 | Mar 5, 2018 | F | 636 | $152.91 | D | 29,597 | D | |
| Class A Common StockF5 | Mar 6, 2018 | M | 1,853 | — | A | 31,450 | D | |
| Class A Common StockF6 | Mar 6, 2018 | M | 1,758 | — | A | 33,208 | D | |
| Class A Common StockF3 | Mar 6, 2018 | F | 1,422 | $156.68 | D | 31,786 | D | |
| Class A Common Stock | holding | — | — | — | 68,502 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F8,F9 | — | Mar 6, 2018 | M | 1,853 | D | — | — | Class A Common Stock | 1,853 | 0 | D |
| Restricted Stock UnitsF4,F8,F11 | — | Mar 5, 2018 | M | 1,612 | D | — | — | Class A Common Stock | 1,612 | 1,613 | D |
| Restricted Stock UnitsF1,F8,F13 | — | Mar 4, 2018 | M | 1,975 | D | — | — | Class A Common Stock | 1,975 | 3,951 | D |
| Restricted Stock UnitsF6,F8,F15 | — | Mar 6, 2018 | M | 1,758 | D | — | — | Class A Common Stock | 1,758 | 5,277 | D |
| Stock Options (Right to Buy)F16 | $156.50 | Mar 6, 2018 | A | 54,074 | A | — | Mar 6, 2025 | Class A Common Stock | 54,074 | 54,074 | D |
| Restricted Stock UnitsF8,F17 | — | Mar 6, 2018 | A | 5,636 | A | — | — | Class A Common Stock | 5,636 | 5,636 | D |
| Stock Options (Right to Buy)F7 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 9,123 | 9,123 | D |
| Stock Options (Right to Buy)F7 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 46,836 | 46,836 | D |
| Stock Options (Right to Buy)F7 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 73,062 | 73,062 | D |
| Stock Options (Right to Buy)F10 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 64,435 | 64,435 | D |
| Stock Options (Right to Buy)F12 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 80,832 | 80,832 | D |
| Stock Options (Right to Buy)F14 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 68,540 | 68,540 | D |
Explanation of responses
- F1On March 4, 2018, 1,975 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: 16,108 vest on the first anniversary of the grant date and 16,109 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
- F11These restricted stock units vest in accordance with the following schedule: 1,612 vest on each of the first through third anniversaries of the grant date and 1,613 vest on the fourth anniversary of the grant date (March 5, 2015).
- F12These options vest in accordance with the following schedule: 20,208 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: 1,975 vest on each of the first through third anniversaries of the grant date and 1,976 vest on the fourth anniversary of the grant date (March 4, 2016).
- F14These options vest in accordance with the following schedule: 17,135 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: 1,758 vest on the first anniversary of the grant date and 1,759 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: 13,518 vest on each of the first and the third anniversaries of the grant date, and 13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
- F17These restricted stock units vest in accordance with the following schedule: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
- F2Includes 440 shares previously acquired pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
- F3Shares withheld for payment of tax liability.
- F4On March 5, 2018, 1,612 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, 1,853 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, 1,758 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F7These options are immediately exercisable.
- 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: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).