SEC Form 4 · accession 0001209191-19-017596
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
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 9:23 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,F2 | Mar 4, 2019 | M | 4,927 | — | A | 201,214 | D | |
| Class A Common StockF3 | Mar 4, 2019 | F | 1,199 | $182.11 | D | 200,015 | D | |
| Class A Common StockF4 | Mar 5, 2019 | M | 4,022 | — | A | 204,037 | D | |
| Class A Common StockF3 | Mar 5, 2019 | F | 1,499 | $182.48 | D | 202,538 | D | |
| Class A Common StockF5 | Mar 6, 2019 | M | 4,456 | — | A | 206,994 | D | |
| Class A Common StockF6 | Mar 6, 2019 | M | 3,585 | — | A | 210,579 | D | |
| Class A Common StockF3 | Mar 6, 2019 | F | 3,165 | $182.10 | D | 207,414 | D | |
| Class A Common StockF7 | holding | — | — | — | 409,863 | I | By Limited Partnership | |
| Class A Common StockF8 | holding | — | — | — | 5,675 | I | By Trust | |
| Class A Common StockF8 | holding | — | — | — | 5,425 | I | By Trust | |
| Class A Common StockF8 | holding | — | — | — | 5,175 | I | By Trust | |
| Class A Common StockF8 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F11,F12 | — | Mar 5, 2019 | M | 4,022 | D | — | — | Class A Common Stock | 4,022 | 0 | D |
| Restricted Stock UnitsF1,F11,F14 | — | Mar 4, 2019 | M | 4,927 | D | — | — | Class A Common Stock | 4,927 | 4,927 | D |
| Restricted Stock UnitsF5,F11,F16 | — | Mar 6, 2019 | M | 4,456 | D | — | — | Class A Common Stock | 4,456 | 8,912 | D |
| Restricted Stock UnitsF6,F11,F18 | — | Mar 6, 2019 | M | 3,585 | D | — | — | Class A Common Stock | 3,585 | 10,758 | D |
| Stock Options (Right to Buy)F19 | $182.30 | Mar 6, 2019 | A | 149,994 | A | — | Mar 6, 2026 | Class A Common Stock | 149,994 | 149,994 | D |
| Restricted Stock UnitsF11,F20 | — | Mar 6, 2019 | A | 13,950 | A | — | — | Class A Common Stock | 13,950 | 13,950 | D |
| Stock Options (Right to Buy)F9 | $72.99 | holding | — | — | — | — | Mar 6, 2020 | Class A Common Stock | 143,858 | 143,858 | D |
| Stock Options (Right to Buy)F9 | $95.53 | holding | — | — | — | — | Mar 6, 2021 | Class A Common Stock | 174,483 | 174,483 | D |
| Stock Options (Right to Buy)F10 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 160,715 | 160,715 | D |
| Stock Options (Right to Buy)F13 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 201,614 | 201,614 | D |
| Stock Options (Right to Buy)F15 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 173,635 | 173,635 | D |
| Stock Options (Right to Buy)F17 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 137,601 | 137,601 | D |
Explanation of responses
- F1On March 4, 2019, 4,927 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These 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).
- F11Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F12These 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).
- F13These 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).
- F14These 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).
- F15These 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).
- F16These 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).
- F17These 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).
- F18These 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).
- F19These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
- F2Includes 146 shares acquired on February 28, 2019 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
- F20These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
- F3Shares withheld for payment of tax liability.
- F4On March 5, 2019, 4,022 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, 4,456 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, 3,585 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F7These 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.
- F8Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
- F9These options are immediately exercisable.