SEC Form 4 · accession 0001209191-19-017597
SBA COMMUNICATIONS CORP · SBAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt L Bagwell
Officer — EVP; Pres. - International
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 9:27 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 | 1,975 | — | A | 62,453 | D | |
| Class A Common StockF2 | Mar 4, 2019 | F | 778 | $182.11 | D | 61,675 | D | |
| Class A Common StockF3 | Mar 5, 2019 | M | 1,613 | — | A | 63,288 | D | |
| Class A Common StockF2 | Mar 5, 2019 | F | 635 | $182.48 | D | 62,653 | D | |
| Class A Common StockF4 | Mar 6, 2019 | M | 1,759 | — | A | 64,412 | D | |
| Class A Common StockF5 | Mar 6, 2019 | M | 1,409 | — | A | 65,821 | D | |
| Class A Common StockF2 | Mar 6, 2019 | F | 1,248 | $182.10 | D | 64,573 | D | |
| Class A Common Stock | holding | — | — | — | 39,220 | I | By GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F7,F8 | — | Mar 5, 2019 | M | 1,613 | D | — | — | Class A Common Stock | 1,613 | 0 | D |
| Restricted Stock UnitsF1,F7,F10 | — | Mar 4, 2019 | M | 1,975 | D | — | — | Class A Common Stock | 1,975 | 1,976 | D |
| Restricted Stock UnitsF4,F7,F12 | — | Mar 6, 2019 | M | 1,759 | D | — | — | Class A Common Stock | 1,759 | 3,518 | D |
| Restricted Stock UnitsF5,F7,F14 | — | Mar 6, 2019 | M | 1,409 | D | — | — | Class A Common Stock | 1,409 | 4,227 | D |
| Stock Options (Right to Buy)F15 | $182.30 | Mar 6, 2019 | A | 58,781 | A | — | Mar 6, 2026 | Class A Common Stock | 58,781 | 58,781 | D |
| Restricted Stock UnitsF7,F16 | — | Mar 6, 2019 | A | 5,467 | A | — | — | Class A Common Stock | 5,467 | 5,467 | D |
| Stock Options (Right to Buy)F6 | $124.59 | holding | — | — | — | — | Mar 5, 2022 | Class A Common Stock | 16,109 | 16,109 | D |
| Stock Options (Right to Buy)F9 | $96.58 | holding | — | — | — | — | Mar 4, 2023 | Class A Common Stock | 40,416 | 40,416 | D |
| Stock Options (Right to Buy)F11 | $115.17 | holding | — | — | — | — | Mar 6, 2024 | Class A Common Stock | 51,405 | 51,405 | D |
| Stock Options (Right to Buy)F13 | $156.50 | holding | — | — | — | — | Mar 6, 2025 | Class A Common Stock | 54,074 | 54,074 | D |
Explanation of responses
- F1On March 4, 2019, 1,975 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F10These 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).
- F11These 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).
- F12These 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).
- F13These 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).
- F14These 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).
- F15These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
- F16These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
- F2Shares withheld for payment of tax liability.
- F3On March 5, 2019, 1,613 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F4On March 6, 2019, 1,759 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, 1,409 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
- F6These 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).
- F7Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- F8These 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).
- F9These 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).