SEC Form 4 · accession 0001209191-18-059484
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas P Hunt
Officer — Executive VP/General Counsel
Period of report
Nov 19, 2018
Accepted (ET)
Nov 20, 2018 · 5:30 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 StockF1 | Nov 19, 2018 | S | 55,929 | $172.16 | D | 133,652 | D | |
| Class A Common StockF2 | Nov 19, 2018 | S | 23,979 | $173.18 | D | 109,673 | 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 | $47.52 | holding | — | — | — | — | Mar 6, 2019 | Class A Common Stock | 44,908 | 44,908 | D |
| Stock Options (Right to Buy)F3 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 62,448 | 62,448 | D |
| Stock Options (Right to Buy)F3 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 73,062 | 73,062 | D |
| Stock Options (Right to Buy)F4 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 64,435 | 64,435 | D |
| Restricted Stock UnitsF5,F6 | — | holding | — | — | — | — | — | Class A Common Stock | 1,613 | 1,613 | D |
| Stock Options (Right to Buy)F7 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 80,832 | 80,832 | D |
| Restricted Stock UnitsF5,F8 | — | holding | — | — | — | — | — | Class A Common Stock | 3,951 | 3,951 | D |
| Stock Options (Right to Buy)F9 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 68,540 | 68,540 | D |
| Restricted Stock UnitsF5,F10 | — | holding | — | — | — | — | — | Class A Common Stock | 5,277 | 5,277 | D |
| Stock Options (Right to Buy)F11 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 54,074 | 54,074 | D |
| Restricted Stock UnitsF5,F12 | — | holding | — | — | — | — | — | Class A Common Stock | 5,636 | 5,636 | D |
Explanation of responses
- F1Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $172.00 to $172.93 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 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).
- F11These 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).
- F12These 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).
- F2Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $173.03 to $173.35 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: 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).
- 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: 1,612 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).
- F7These 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).
- F8These 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).
- F9These 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).