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SBA COMMUNICATIONS CORP — Director's Dealing 2015
Mar 7, 2015
30276_dirs_2015-03-06_366247db-b9be-4af0-b8a7-ffe749bb1532.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: 2015-03-04
Reporting Person: Lazarus Brian D (SVP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-03-04 | Class A Common Stock | M | 691 | — | Acquired | 5023 | Direct |
| 2015-03-04 | Class A Common Stock | F | 189 | $124.87 | Disposed | 4834 | Direct |
| 2015-03-06 | Class A Common Stock | M | 699 | — | Acquired | 5533 | Direct |
| 2015-03-06 | Class A Common Stock | M | 565 | — | Acquired | 6098 | Direct |
| 2015-03-06 | Class A Common Stock | M | 548 | — | Acquired | 6646 | Direct |
| 2015-03-06 | Class A Common Stock | F | 497 | $124.59 | Disposed | 6149 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-03-04 | Restricted Stock Units | $ | M | 691 | Disposed | Class A Common Stock (691) | Direct | |
| 2015-03-06 | Restricted Stock Units | $ | M | 699 | Disposed | Class A Common Stock (699) | Direct | |
| 2015-03-06 | Restricted Stock Units | $ | M | 565 | Disposed | Class A Common Stock (565) | Direct | |
| 2015-03-06 | Restricted Stock Units | $ | M | 548 | Disposed | Class A Common Stock (548) | Direct | |
| 2015-03-05 | Stock Options (Right to Buy) | $124.59 | A | 21478 | Acquired | 2022-03-05 | Class A Common Stock (21478) | Direct |
| 2015-03-05 | Restricted Stock Units | $ | A | 2149 | Acquired | Class A Common Stock (2149) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $19.68 | 2016-03-05 | Class A Common Stock (892) | 892 | Direct |
| Stock Options (Right to Buy) | $31.09 | 2015-09-12 | Class A Common Stock (454) | 454 | Direct |
| Stock Options (Right to Buy) | $35.71 | 2017-03-04 | Class A Common Stock (3156) | 3157 | Direct |
| Stock Options (Right to Buy) | $42.15 | 2018-03-04 | Class A Common Stock (3003) | 6006 | Direct |
| Stock Options (Right to Buy) | $47.52 | 2019-03-06 | Class A Common Stock (3160) | 9480 | Direct |
| Stock Options (Right to Buy) | $72.99 | 2020-03-06 | Class A Common Stock (17245) | 17245 | Direct |
| Stock Options (Right to Buy) | $95.53 | 2021-03-06 | Class A Common Stock (21607) | 21607 | Direct |
Footnotes
F1: On March 4, 2015, 691 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F2: Includes 205 shares acquired on November 30, 2014 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
F3: Shares withheld for payment of tax liability.
F4: On March 6, 2015, 699 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F5: On March 6, 2015, 565 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F6: On March 6, 2015, 548 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
F7: These options are immediately exercisable.
F8: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F9: These restricted stock units vest in accordance with the following schedule: 691 vest on each of the first through fourth anniversaries of the grant date (March 4, 2011).
F10: These options vest in accordance with the following schedule: 3,160 vest on each of the first through fourth anniversaries of the grant date (March 6, 2012).
F11: These restricted stock units vest in accordance with the following schedule: 698 vest on the first anniversary of the grant date and 699 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
F12: These options vest in accordance with the following schedule: 4,311 vest on each of the first through third anniversaries of the grant date and 4,312 vest on the fourth anniversary of the grant date (March 6, 2013).
F13: These restricted stock units vest in accordance with the following schedule: 564 vest on each of the first and third anniversaries of the grant date and 565 vest on each of the second and fourth anniversaries of the grant date (March 6, 2013).
F14: These options vest in accordance with the following schedule: 5,401 vest on the first anniversary of the grant date and 5,402 vest on each of the second through fourth anniversaries of the grant date (March 6, 2014).
F15: These restricted stock units vest in accordance with the following schedule: 548 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
F16: These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
F17: These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).