SEC Form 4 · accession 0001209191-18-051521
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
Sep 14, 2018
Accepted (ET)
Sep 18, 2018 · 5:40 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 | Sep 14, 2018 | S | 5 | $160.50 | D | 68,497 | I | By GRAT |
| Class A Common Stock | holding | — | — | — | 32,966 | D |
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)F1 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 64,435 | 64,435 | D |
| Restricted Stock UnitsF2,F3 | — | holding | — | — | — | — | — | Class A Common Stock | 1,613 | 1,613 | D |
| Stock Options (Right to Buy)F4 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 80,832 | 80,832 | D |
| Restricted Stock UnitsF2,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 3,951 | 3,951 | D |
| Stock Options (Right to Buy)F6 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 68,540 | 68,540 | D |
| Restricted Stock UnitsF2,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 5,277 | 5,277 | D |
| Stock Options (Right to Buy)F8 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 54,074 | 54,074 | D |
| Restricted Stock UnitsF2,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 5,636 | 5,636 | D |
Explanation of responses
- F1These 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).
- F2Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F3These 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).
- F4These 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).
- F5These 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).
- F6These 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).
- F7These 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).
- F8These 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).
- F9These 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).