SEC Form 4 · accession 0001209191-18-027780
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jack Langer
Director
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 5:47 pm EDT
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 StockF2 | Mar 15, 2018 | G | 50 | $0.00 | D | 14,833 | I | By Trust |
| Class A Common StockF3 | May 1, 2018 | M | 268 | — | A | 2,548 | D | |
| Class A Common StockF4 | May 1, 2018 | F | 81 | $160.23 | D | 2,467 | 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,F7,F12 | — | May 1, 2018 | M | 268 | D | — | — | Class A Common Stock | 268 | 539 | D |
| Stock Options (Right to Buy)F5 | $79.67 | holding | — | — | — | — | May 9, 2020 | Class A Common Stock | 1,999 | 1,999 | D |
| Stock Options (Right to Buy)F5 | $96.80 | holding | — | — | — | — | May 8, 2021 | Class A Common Stock | 2,202 | 2,202 | D |
| Stock Options (Right to Buy)F6 | $113.55 | holding | — | — | — | — | May 21, 2022 | Class A Common Stock | 1,899 | 1,899 | D |
| Restricted Stock UnitsF7,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 249 | 249 | D |
| Stock Options (Right to Buy)F9 | $100.00 | holding | — | — | — | — | May 13, 2023 | Class A Common Stock | 2,308 | 2,308 | D |
| Restricted Stock UnitsF7,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 605 | 605 | D |
| Stock Options (Right to Buy)F11 | $132.00 | holding | — | — | — | — | May 18, 2024 | Class A Common Stock | 1,977 | 1,977 | D |
Explanation of responses
- F1The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
- F10These restricted stock units vest in accordance with the following schedule: 302 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 302 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 303 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.
- F11These options vest in accordance with the following schedule: 658 vest on May 1, 2018; 659 vest on May 1, 2019; and 660 vest on May 1, 2020.
- F12These restricted stock units vest in accordance with the following schedule: 268 vest on May 1, 2018; 269 vest on May 1, 2019; and 270 vest on May 1, 2020.
- F2The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F3On May 1, 2018, 268 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
- F4Shares withheld for tax liability.
- F5These options are immediately exercisable.
- F6These options vest in accordance with the following schedule: 633 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 633 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 633 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.
- 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: 249 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 249 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 249 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.
- F9These options vest in accordance with the following schedule: 769 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 769 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 770 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.