SEC Form 4 · accession 0001209191-18-058359
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
Nov 16, 2017
Accepted (ET)
Nov 13, 2018 · 5:49 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 16, 2017 | P | 11 | $164.68 | A | 236,152 | D | |
| Class A Common StockF2 | holding | — | — | — | 409,863 | I | By Limited Partnership | |
| Class A Common StockF3 | holding | — | — | — | 5,675 | I | By Trust | |
| Class A Common StockF3 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF3 | holding | — | — | — | 5,175 | I | By Trust | |
| Class A Common StockF3 | 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)F4 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 143,858 | 143,858 | D |
| Stock Options (Right to Buy)F4 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 174,483 | 174,483 | D |
| Stock Options (Right to Buy)F5 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 160,715 | 160,715 | D |
| Restricted Stock UnitsF6,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 4,022 | 4,022 | D |
| Stock Options (Right to Buy)F8 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 201,614 | 201,614 | D |
| Restricted Stock UnitsF6,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 9,854 | 9,854 | D |
| Stock Options (Right to Buy)F10 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 173,635 | 173,635 | D |
| Restricted Stock UnitsF6,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 13,368 | 13,368 | D |
| Stock Options (Right to Buy)F12 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 137,601 | 137,601 | D |
| Restricted Stock UnitsF6,F13 | — | holding | — | — | — | — | — | Class A Common Stock | 14,343 | 14,343 | D |
Explanation of responses
- F1Represents shares purchased by a money manager with discretionary investment authority without notice to the Reporting Person upon the Issuer's inclusion in the S&P 500.
- F10These 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F2These 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.
- F3Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
- F4These options are immediately exercisable.
- F5These 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).
- 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: 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).
- F8These 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).
- F9These 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).