SEC Form 4 · accession 0001209191-18-040082
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
Jun 27, 2018
Accepted (ET)
Jun 29, 2018 · 5:46 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 Stock | Jun 27, 2018 | M | 9,123 | $47.52 | A | 42,089 | D | |
| Class A Common Stock | Jun 27, 2018 | M | 45,466 | $72.99 | A | 87,555 | D | |
| Class A Common Stock | Jun 27, 2018 | M | 1,684 | $95.53 | A | 89,239 | D | |
| Class A Common StockF1 | Jun 27, 2018 | S | 56,273 | $165.05 | D | 32,966 | D | |
| Class A Common Stock | Jun 28, 2018 | M | 23,474 | $95.53 | A | 56,440 | D | |
| Class A Common StockF2 | Jun 28, 2018 | S | 23,474 | $165.03 | D | 32,966 | D | |
| Class A Common Stock | Jun 29, 2018 | M | 46,858 | $95.53 | A | 79,824 | D | |
| Class A Common StockF3 | Jun 29, 2018 | S | 46,858 | $165.08 | D | 32,966 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F4 | $47.52 | Jun 27, 2018 | M | 9,123 | D | — | Mar 6, 2019 | Class A Common Stock | 9,123 | 0 | D |
| Stock Options (Right to Buy)F4 | $72.99 | Jun 27, 2018 | M | 45,466 | D | — | Mar 6, 2020 | Class A Common Stock | 45,466 | 0 | D |
| Stock Options (Right to Buy)F4 | $95.53 | Jun 27, 2018 | M | 1,684 | D | — | Mar 6, 2021 | Class A Common Stock | 1,684 | 70,332 | D |
| Stock Options (Right to Buy)F4 | $95.53 | Jun 28, 2018 | M | 23,474 | D | — | Mar 6, 2021 | Class A Common Stock | 23,474 | 46,858 | D |
| Stock Options (Right to Buy)F4 | $95.53 | Jun 29, 2018 | M | 46,858 | D | — | Mar 6, 2021 | Class A Common Stock | 46,858 | 0 | D |
| Stock Options (Right to Buy)F5 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 64,435 | 64,435 | D |
| Restricted Stock UnitsF6,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 1,613 | 1,613 | D |
| Stock Options (Right to Buy)F8 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 80,832 | 80,832 | D |
| Restricted Stock UnitsF6,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 3,951 | 3,951 | D |
| Stock Options (Right to Buy)F10 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 68,540 | 68,540 | D |
| Restricted Stock UnitsF6,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 5,277 | 5,277 | D |
| Stock Options (Right to Buy)F12 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 54,074 | 54,074 | D |
| Restricted Stock UnitsF6,F13 | — | holding | — | — | — | — | — | Class A Common Stock | 5,636 | 5,636 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $165.00 to $165.26 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F10These 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $165.00 to $165.07 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F3Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $165.00 to $165.17 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- F4These options are immediately exercisable.
- F5These 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).
- F6Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F7These 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).
- F8These 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).
- F9These 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).