SEC Form 4 · accession 0001209191-18-048421
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
Aug 22, 2018
Accepted (ET)
Aug 24, 2018 · 6:08 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 | Aug 22, 2018 | M | 2,104 | $47.52 | A | 268,756 | D | |
| Class A Common Stock | Aug 22, 2018 | M | 1,370 | $72.99 | A | 270,126 | D | |
| Class A Common Stock | Aug 22, 2018 | M | 1,046 | $95.53 | A | 271,172 | D | |
| Class A Common StockF1 | Aug 22, 2018 | S | 5,199 | $154.10 | D | 265,973 | D | |
| Class A Common StockF2 | Aug 22, 2018 | S | 3,600 | $155.13 | D | 262,373 | D | |
| Class A Common StockF3 | Aug 22, 2018 | S | 1,201 | $155.95 | D | 261,172 | D | |
| Class A Common StockF4,F5 | Aug 22, 2018 | S | 8,500 | $154.33 | D | 481,363 | I | By Limited Partnership |
| Class A Common StockF6,F5 | Aug 22, 2018 | S | 1,300 | $154.98 | D | 480,063 | I | By Limited Partnership |
| Class A Common StockF7,F5 | Aug 22, 2018 | S | 200 | $155.96 | D | 479,863 | I | By Limited Partnership |
| Class A Common Stock | Aug 23, 2018 | M | 21,000 | $47.52 | A | 282,172 | D | |
| Class A Common StockF8 | Aug 23, 2018 | F | 12,192 | $154.10 | D | 269,980 | D | |
| Class A Common StockF9 | Aug 23, 2018 | S | 10,000 | $153.74 | D | 259,980 | D | |
| Class A Common StockF10,F5 | Aug 23, 2018 | S | 10,000 | $153.75 | D | 469,863 | I | By Limited Partnership |
| Class A Common StockF11 | holding | — | — | — | 5,675 | I | By Trust | |
| Class A Common StockF11 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF11 | holding | — | — | — | 5,175 | I | By Trust | |
| Class A Common StockF11 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F12 | $47.52 | Aug 22, 2018 | M | 2,104 | D | — | Mar 6, 2019 | Class A Common Stock | 2,104 | 104,346 | D |
| Stock Options (Right to Buy)F12 | $47.52 | Aug 23, 2018 | M | 21,000 | D | — | Mar 6, 2019 | Class A Common Stock | 21,000 | 83,346 | D |
| Stock Options (Right to Buy)F12 | $72.99 | Aug 22, 2018 | M | 1,370 | D | — | Mar 6, 2020 | Class A Common Stock | 1,370 | 143,858 | D |
| Stock Options (Right to Buy)F12 | $95.53 | Aug 22, 2018 | M | 1,046 | D | — | Mar 6, 2021 | Class A Common Stock | 1,046 | 174,483 | D |
| Stock Options (Right to Buy)F13 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 160,715 | 160,715 | D |
| Restricted Stock UnitsF14,F15 | — | holding | — | — | — | — | — | Class A Common Stock | 4,022 | 4,022 | D |
| Stock Options (Right to Buy)F16 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 201,614 | 201,614 | D |
| Restricted Stock UnitsF14,F17 | — | holding | — | — | — | — | — | Class A Common Stock | 9,854 | 9,854 | D |
| Stock Options (Right to Buy)F18 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 173,635 | 173,635 | D |
| Restricted Stock UnitsF14,F19 | — | holding | — | — | — | — | — | Class A Common Stock | 13,368 | 13,368 | D |
| Stock Options (Right to Buy)F20 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 137,601 | 137,601 | D |
| Restricted Stock UnitsF14,F21 | — | holding | — | — | — | — | — | Class A Common Stock | 14,343 | 14,343 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $153.58 to $154.52 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F10Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $153.34 to $154.18 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F11Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
- F12These options are immediately exercisable.
- F13These 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).
- F14Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F15These 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).
- F16These 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).
- F17These 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).
- F18These 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).
- F19These 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).
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $154.69 to $155.51 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F20These 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).
- F21These 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).
- F3Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $155.83 to $156.10 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F4Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $153.68 to $154.66 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F5These 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.
- F6Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $154.68 to $155.51 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F7Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $155.82 to $156.10 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.
- F8Shares withheld for payment of tax liability and option exercise price.
- F9Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $153.49 to $154.14 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. These shares were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018.