SEC Form 4 · accession 0001209191-18-057631

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

Nov 5, 2018

Accepted (ET)

Nov 7, 2018 · 5:14 pm EST

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	Nov 5, 2018	M	11,785	$95.53	A	28,659	D
Class A Common Stock^F2	Nov 5, 2018	S	19,785	$165.13	D	8,874	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)^F3	$95.53	Nov 5, 2018	M	11,785	D	—	Mar 6, 2021	Class A Common Stock	11,785	0	D
Stock Options (Right to Buy)^F4	$124.59	holding	—	—	—	—	Mar 5, 2022	Class A Common Stock	46,965	46,965	D
Restricted Stock Units^F5,F6	—	holding	—	—	—	—	—	Class A Common Stock	1,176	1,176	D
Stock Options (Right to Buy)^F7	$96.58	holding	—	—	—	—	Mar 4, 2023	Class A Common Stock	58,918	58,918	D
Restricted Stock Units^F5,F8	—	holding	—	—	—	—	—	Class A Common Stock	2,880	2,880	D
Stock Options (Right to Buy)^F9	$115.17	holding	—	—	—	—	Mar 6, 2024	Class A Common Stock	50,262	50,262	D
Restricted Stock Units^F5,F10	—	holding	—	—	—	—	—	Class A Common Stock	3,870	3,870	D
Stock Options (Right to Buy)^F11	$156.50	holding	—	—	—	—	Mar 6, 2025	Class A Common Stock	40,556	40,556	D
Restricted Stock Units^F5,F12	—	holding	—	—	—	—	—	Class A Common Stock	4,227	4,227	D

Explanation of responses

F1The sale occurred pursuant to an existing Rule 10b5-1 plan adopted by the Reporting Person.
F10These 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).
F11These 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).
F12These 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).
F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $165.00 to $165.43 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.
F3These options are immediately exercisable.
F4These 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).
F5Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6These 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).
F7These 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).
F8These 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).
F9These 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).