SEC Form 4 · accession 0001209191-19-018212

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 7, 2019

Accepted (ET)

Mar 8, 2019 · 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
Class A Common Stock	Mar 7, 2019	M	6,225	$96.58	A	22,488	D
Class A Common Stock	Mar 7, 2019	M	8,377	$115.17	A	30,865	D
Class A Common Stock^F1	Mar 7, 2019	S	14,602	$183.16	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)^F2	$96.58	Mar 7, 2019	M	6,225	D	—	Mar 4, 2023	Class A Common Stock	6,225	9,655	D
Stock Options (Right to Buy)^F5	$115.17	Mar 7, 2019	M	8,377	D	—	Mar 6, 2024	Class A Common Stock	8,377	16,754	D
Restricted Stock Units^F3,F4	—	holding	—	—	—	—	—	Class A Common Stock	944	944	D
Restricted Stock Units^F3,F6	—	holding	—	—	—	—	—	Class A Common Stock	1,720	1,720	D
Stock Options (Right to Buy)^F7	$156.50	holding	—	—	—	—	Mar 6, 2025	Class A Common Stock	27,037	27,037	D
Restricted Stock Units^F3,F8	—	holding	—	—	—	—	—	Class A Common Stock	2,114	2,114	D
Stock Options (Right to Buy)^F9	$182.30	holding	—	—	—	—	Mar 6, 2026	Class A Common Stock	29,796	29,796	D
Restricted Stock Units^F3,F10	—	holding	—	—	—	—	—	Class A Common Stock	2,771	2,771	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 $183.00 to $183.55 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: 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).
F2These 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).
F3Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4These 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).
F5These 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).
F6These 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).
F7These 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).
F8These 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).
F9These 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).