SEC Form 4 · accession 0001209191-18-051531
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason V Silberstein
Officer — EVP - Site Leasing
Period of report
Sep 14, 2018
Accepted (ET)
Sep 18, 2018 · 5:59 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 | M | 1,046 | $95.53 | A | 16,874 | 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 | $95.53 | Sep 14, 2018 | M | 1,046 | D | — | Mar 6, 2021 | Class A Common Stock | 1,046 | 11,785 | D |
| Stock Options (Right to Buy)F2 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 46,965 | 46,965 | D |
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Class A Common Stock | 1,176 | 1,176 | D |
| Stock Options (Right to Buy)F5 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 58,918 | 58,918 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 2,880 | 2,880 | D |
| Stock Options (Right to Buy)F7 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 50,262 | 50,262 | D |
| Restricted Stock UnitsF3,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 3,870 | 3,870 | D |
| Stock Options (Right to Buy)F9 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 40,556 | 40,556 | D |
| Restricted Stock UnitsF3,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 4,227 | 4,227 | D |
Explanation of responses
- F1These options are immediately exercisable.
- F10These restricted stock units vest in accordance with the following schedule: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
- F2These options vest in accordance with the following schedule: 11,741 vest on each of the first through third anniversaries of the grant date and 11,742 vest on the fourth anniversary of the grant date (March 5, 2015).
- F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F4These restricted stock units vest in accordance with the following schedule: 1,175 vest on each of the first through third anniversaries of the grant date and 1,176 vest on the fourth anniversary of the grant date (March 5, 2015).
- F5These options vest in accordance with the following schedule: 14,729 vest on each of the first and the third anniversary of the grant date and 14,730 vest on each of the second and the fourth anniversary of the grant date (March 4, 2016).
- F6These restricted stock units vest in accordance with the following schedule: 1,439 vest on the first anniversary of the grant date and 1,440 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
- F7These options vest in accordance with the following schedule: 12,565 vest on each of the first and the second anniversary of the grant date and 12,566 vest on each of the third and the fourth anniversary of the grant date (March 6, 2017).
- F8These restricted stock units vest in accordance with the following schedule: 1,289 vest on the first anniversary of the grant date and 1,290 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F9These options vest in accordance with the following schedule: 10,139 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).