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SBA COMMUNICATIONS CORP — Director's Dealing 2012
May 8, 2012
30276_dirs_2012-05-08_d19a3c7d-39d9-4586-9999-f9d8d7917579.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2012-05-04
Reporting Person: LANGER JACK (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-05-04 | Class A Common Stock | M | 615 | — | Acquired | 1519 | Direct |
| 2012-05-06 | Class A Common Stock | M | 622 | — | Acquired | 2141 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-05-06 | Restricted Stock Units | $ | M | 622 | Disposed | Class A Common Stock (622) | Direct | |
| 2012-05-04 | Restricted Stock Units | $ | M | 615 | Disposed | Class A Common Stock (615) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $3.78 | 2014-05-06 | Class A Common Stock (25000) | 25000 | Direct |
| Stock Options (Right to Buy) | $14.80 | 2015-07-22 | Class A Common Stock (10000) | 10000 | Direct |
| Stock Options (Right to Buy) | $26.36 | 2016-05-05 | Class A Common Stock (10000) | 10000 | Direct |
| Stock Options (Right to Buy) | $30.07 | 2014-05-17 | Class A Common Stock (10000) | 10000 | Direct |
| Stock Options (Right to Buy) | $34.49 | 2015-05-06 | Class A Common Stock (9514) | 9514 | Direct |
| Stock Options (Right to Buy) | $24.38 | 2016-05-07 | Class A Common Stock (9374) | 9374 | Direct |
| Stock Options (Right to Buy) | $32.81 | 2017-05-06 | Class A Common Stock (2042) | 2042 | Direct |
| Stock Options (Right to Buy) | $37.76 | 2018-05-04 | Class A Common Stock (2015) | 2015 | Direct |
Footnotes
F1: On May 4, 2012, 615 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2: On May 6, 2012, 622 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F3: These options are immediately exercisable.
F4: These options vest in accordance with the following schedule: 680 vest on the earlier of May 6, 2011 or the day immediately prior to the 2011 annual meeting of shareholders; 681 vest on the earlier of May 6, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; and 681 vest on the earlier of May 6, 2013 or the day immediately prior to the 2013 annual meeting of shareholders.
F5: Each restricted stock unit represents a contingent right to receive one share of Class A common stock.
F6: These restricted stock units vest in accordance with the following schedule: 622 vest on the earlier of May 6, 2011 or the day immediately prior to the 2011 annual meeting of shareholders; 622 vest on the earlier of May 6, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; and 622 vest on the earlier of May 6, 2013 or the day immediately prior to the 2013 annual meeting of shareholders.
F7: These options vest in accordance with the following schedule: 672 vest on the earlier of May 4, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; 671 vest on the earlier of May 4, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; and 672 vest on the earlier of May 4, 2014 or the day immediately prior to the 2014 annual meeting of shareholders.
F8: These restricted stock units vest in accordance with the following schedule: 615 vest on the earlier of May 4, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; 615 vest on the earlier of May 4, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; and 615 vest on the earlier of May 4, 2014 or the day immediately prior to the 2014 annual meeting of shareholders.