SEC Form 4 · accession 0001209191-18-063020
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian D Lazarus
Officer — SVP & Chief Accounting Officer
Period of report
Dec 13, 2018
Accepted (ET)
Dec 17, 2018 · 5:59 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 | Dec 13, 2018 | M | 12,554 | $72.99 | A | 26,423 | D | |
| Class A Common Stock | Dec 13, 2018 | S | 12,554 | $173.00 | D | 13,869 | D | |
| Class A Common Stock | Dec 14, 2018 | M | 3,321 | $72.99 | A | 17,190 | D | |
| Class A Common Stock | Dec 14, 2018 | S | 3,321 | $173.00 | D | 13,869 | D | |
| Class A Common Stock | Dec 14, 2018 | M | 1,046 | $95.53 | A | 14,915 | D | |
| Class A Common StockF1 | Dec 14, 2018 | F | 581 | $172.22 | D | 14,334 | 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)F2 | $72.99 | Dec 13, 2018 | M | 12,554 | D | — | Mar 6, 2020 | Class A Common Stock | 12,554 | 3,321 | D |
| Stock Options (Right to Buy)F2 | $72.99 | Dec 14, 2018 | M | 3,321 | D | — | Mar 6, 2020 | Class A Common Stock | 3,321 | 0 | D |
| Stock Options (Right to Buy)F2 | $95.53 | Dec 14, 2018 | M | 1,046 | D | — | Mar 6, 2021 | Class A Common Stock | 1,046 | 20,561 | D |
| Stock Options (Right to Buy)F3 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 21,478 | 21,478 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | — | Class A Common Stock | 538 | 538 | D |
| Stock Options (Right to Buy)F6 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 27,842 | 27,842 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | — | Class A Common Stock | 1,361 | 1,361 | D |
| Stock Options (Right to Buy)F8 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 25,131 | 25,131 | D |
| Restricted Stock UnitsF4,F9 | — | holding | — | — | — | — | — | Class A Common Stock | 1,935 | 1,935 | D |
| Stock Options (Right to Buy)F10 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 21,243 | 21,243 | D |
| Restricted Stock UnitsF4,F11 | — | holding | — | — | — | — | — | Class A Common Stock | 2,214 | 2,214 | D |
Explanation of responses
- F1Represents shares used to pay option exercise price.
- F10These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
- F11These restricted stock units vest in accordance with the following schedule: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018).
- F2These options are immediately exercisable.
- F3These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
- F4Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F5These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).
- F6These options vest in accordance with the following schedule: 6,960 vest on each of the first and third anniversaries of the grant date and 6,961 vest on each of the second and fourth anniversaries of the grant date (March 4, 2016).
- F7These restricted stock units vest in accordance with the following schedule: 680 vest on each of the first through third anniversaries of the grant date and 681 vest on the fourth anniversary of the grant date (March 4, 2016).
- F8These options vest in accordance with the following schedule: 6,282 vest on the first anniversary of the grant date and 6,283 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F9These restricted stock units vest in accordance with the following schedule: 644 vest on the first anniversary of the grant date and 645 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).