SEC Form 4 · accession 0001209191-18-059468
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brendan Thomas Cavanagh
Officer — Executive Vice President & CFO
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 5:15 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, 2018 | M | 28,999 | $47.52 | A | 81,810 | D | |
| Class A Common Stock | Nov 16, 2018 | M | 45,829 | $72.99 | A | 127,639 | D | |
| Class A Common Stock | Nov 16, 2018 | M | 51,842 | $95.53 | A | 179,481 | D | |
| Class A Common StockF1 | Nov 16, 2018 | S | 139,138 | $172.11 | D | 40,343 | D | |
| Class A Common StockF2 | Nov 16, 2018 | S | 879 | $173.10 | D | 39,464 | D | |
| Class A Common Stock | Nov 19, 2018 | M | 8,746 | $95.53 | A | 48,210 | D | |
| Class A Common Stock | Nov 19, 2018 | M | 1,370 | $72.99 | A | 49,580 | D | |
| Class A Common StockF3 | Nov 19, 2018 | F | 1,163 | $172.02 | D | 48,417 | D | |
| Class A Common StockF4 | Nov 19, 2018 | S | 5,404 | $172.67 | D | 43,013 | D | |
| Class A Common StockF5 | Nov 19, 2018 | S | 2,296 | $173.46 | D | 40,717 | 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)F6 | $47.52 | Nov 16, 2018 | M | 28,999 | D | — | Mar 6, 2019 | Class A Common Stock | 28,999 | 0 | D |
| Stock Options (Right to Buy)F6 | $72.99 | Nov 16, 2018 | M | 45,829 | D | — | Mar 6, 2020 | Class A Common Stock | 45,829 | 1,370 | D |
| Stock Options (Right to Buy)F6 | $72.99 | Nov 19, 2018 | M | 1,370 | D | — | Mar 6, 2020 | Class A Common Stock | 1,370 | 0 | D |
| Stock Options (Right to Buy)F6 | $95.53 | Nov 16, 2018 | M | 51,842 | D | — | Mar 6, 2021 | Class A Common Stock | 51,842 | 8,746 | D |
| Stock Options (Right to Buy)F6 | $95.53 | Nov 19, 2018 | M | 8,746 | D | — | Mar 6, 2021 | Class A Common Stock | 8,746 | 0 | D |
| Stock Options (Right to Buy)F7 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 54,411 | 54,411 | D |
| Restricted Stock UnitsF8,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 1,362 | 1,362 | D |
| Stock Options (Right to Buy)F10 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 68,258 | 68,258 | D |
| Restricted Stock UnitsF8,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 3,336 | 3,336 | D |
| Stock Options (Right to Buy)F12 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common | 60,163 | 60,163 | D |
| Restricted Stock UnitsF8,F13 | — | holding | — | — | — | — | — | Class A Common Stock | 4,632 | 4,632 | D |
| Stock Options (Right to Buy)F14 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 50,212 | 50,212 | D |
| Restricted Stock UnitsF8,F15 | — | holding | — | — | — | — | — | Class A Common Stock | 5,234 | 5,234 | 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 $172.00 to $172.96 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.
- F10These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
- F11These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
- F12These options vest in accordance with the following schedule: 15,040 vest on the first anniversary of the grant date and 15,041 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F13These restricted stock units vest in accordance with the following schedule: 1,543 vest on the first anniversary of the grant date and 1,544 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F14These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
- F15These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the 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 $173.00 to $173.23 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.
- F3Represents shares used to pay option exercise price.
- F4Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $172.26 to $173.20 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.
- F5Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $173.22 to $173.71 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.
- F6These options are immediately exercisable.
- F7These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
- F8Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F9These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).