SEC Form 4 · accession 0001209191-19-017592
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R Ciarfella
Officer — EVP - Operations
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 9:18 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 | Mar 4, 2019 | M | 944 | — | A | 14,757 | D | |
| Class A Common StockF2 | Mar 4, 2019 | F | 245 | $182.11 | D | 14,512 | D | |
| Class A Common Stock | Mar 5, 2019 | M | 1 | $47.52 | A | 14,513 | D | |
| Class A Common Stock | Mar 5, 2019 | M | 1,046 | $95.53 | A | 15,559 | D | |
| Class A Common Stock | Mar 5, 2019 | M | 5,101 | $124.59 | A | 20,660 | D | |
| Class A Common StockF3 | Mar 5, 2019 | S | 6,148 | $183.00 | D | 14,512 | D | |
| Class A Common StockF4 | Mar 5, 2019 | M | 753 | — | A | 15,265 | D | |
| Class A Common StockF2 | Mar 5, 2019 | F | 184 | $182.48 | D | 15,081 | D | |
| Class A Common StockF5 | Mar 6, 2019 | M | 860 | — | A | 15,941 | D | |
| Class A Common StockF6 | Mar 6, 2019 | M | 704 | — | A | 16,645 | D | |
| Class A Common StockF2 | Mar 6, 2019 | F | 382 | $182.10 | D | 16,263 | D | |
| Class A Common Stock | Mar 6, 2019 | M | 2,417 | $124.59 | A | 18,680 | D | |
| Class A Common Stock | Mar 6, 2019 | M | 3,430 | $96.58 | A | 22,110 | D | |
| Class A Common StockF7 | Mar 6, 2019 | S | 5,847 | $183.00 | D | 16,263 | 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)F8 | $47.52 | Mar 5, 2019 | M | 1 | D | — | Mar 6, 2019 | Class A Common Stock | 1 | 0 | D |
| Stock Options (Right to Buy)F8 | $95.53 | Mar 5, 2019 | M | 1,046 | D | — | Mar 6, 2021 | Class A Common Stock | 1,046 | 0 | D |
| Stock Options (Right to Buy)F9 | $124.59 | Mar 5, 2019 | M | 4,101 | D | — | Mar 5, 2022 | Class A Common Stock | 5,101 | 2,417 | D |
| Stock Options (Right to Buy)F9 | $124.59 | Mar 6, 2019 | M | 2,417 | D | — | Mar 5, 2022 | Class A Common Stock | 2,417 | 0 | D |
| Restricted Stock UnitsF4,F10,F11 | — | Mar 5, 2019 | M | 753 | D | — | — | Class A Common Stock | 753 | 0 | D |
| Stock Options (Right to Buy)F12 | $96.58 | Mar 6, 2019 | M | 3,430 | D | — | Mar 4, 2023 | Class A Common Stock | 3,430 | 15,880 | D |
| Restricted Stock UnitsF1,F10,F13 | — | Mar 4, 2019 | M | 944 | D | — | — | Class A Common Stock | 944 | 944 | D |
| Restricted Stock UnitsF5,F10,F15 | — | Mar 6, 2019 | M | 860 | D | — | — | Class A Common Stock | 860 | 1,720 | D |
| Restricted Stock UnitsF6,F10,F17 | — | Mar 6, 2019 | M | 704 | D | — | — | Class A Common Stock | 704 | 2,114 | D |
| Stock Options (Right to Buy)F18 | $182.30 | Mar 6, 2019 | A | 29,796 | A | — | Mar 6, 2026 | Class A Common Stock | 29,796 | 29,796 | D |
| Restricted Stock UnitsF10,F19 | — | Mar 6, 2019 | A | 2,771 | A | — | — | Class A Common Stock | 2,771 | 2,771 | D |
| Stock Options (Right to Buy)F14 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 25,131 | 25,131 | D |
| Stock Options (Right to Buy)F16 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 27,037 | 27,037 | D |
Explanation of responses
- F1On March 4, 2019, 944 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F11These restricted stock units vest in accordance with the following schedule: 752 vest on each of the first through third anniversaries of the grant date and 753 vest on the fourth anniversary of the grant date (March 5, 2015).
- F12These options vest in accordance with the following schedule: 9,655 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
- F13These restricted stock units vest in accordance with the following schedule: 943 vest on the first anniversary of the grant date and 944 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
- F14These options vest in accordance with the following schedule: 8,377 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).
- F15These restricted stock units vest in accordance with the following schedule: 859 vest on the first anniversary of the grant date and 860 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
- F16These options vest in accordance with the following schedule: 6,759 vest on each of the first through third anniversaries of the grant date and 6,760 vest on the fourth anniversary of the grant date (March 6, 2018).
- F17These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
- F18These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
- F19These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
- F2Shares withheld for payment of tax liability.
- F3Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $183.00 to $183.06 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.
- F4On March 5, 2019, 753 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F5On March 6, 2019, 860 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F6On March 6, 2019, 704 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F7Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $183.00 to $183.03 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.
- F8These options are immediately exercisable.
- F9These options vest in accordance with the following schedule: 7,517 vest on each of the first through third anniversaries of the grant date and 7,518 vest on the fourth anniversary of the grant date (March 5, 2015).