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SBA COMMUNICATIONS CORP — Director's Dealing 2016
May 11, 2016
30276_dirs_2016-05-10_6f70b6e7-6df7-40fe-b5fd-95b557fbff9c.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: 2016-05-08
Reporting Person: LANGER JACK (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-05-08 | Class A Common Stock | M | 303 | — | Acquired | 1194 | Direct |
| 2016-05-09 | Class A Common Stock | M | 347 | — | Acquired | 1541 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-05-09 | Restricted Stock Units | $ | M | 347 | Disposed | Class A Common Stock (347) | Direct | |
| 2016-05-08 | Restricted Stock Units | $ | M | 303 | Disposed | Class A Common Stock (303) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 22261 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $32.81 | 2017-05-06 | Class A Common Stock (681) | 681 | Indirect |
| Stock Options (Right to Buy) | $37.76 | 2018-05-04 | Class A Common Stock (1343) | 1343 | Indirect |
| Stock Options (Right to Buy) | $50.35 | 2019-05-17 | Class A Common Stock (1643) | 1643 | Indirect |
| Stock Options (Right to Buy) | $79.67 | 2020-05-09 | Class A Common Stock (1999) | 1999 | Direct |
| Stock Options (Right to Buy) | $96.80 | 2021-05-08 | Class A Common Stock (2202) | 2202 | Direct |
| Stock Options (Right to Buy) | $113.55 | 2022-05-21 | Class A Common Stock (1899) | 1899 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (747) | 747 | Direct |
Footnotes
F1: On May 8, 2016, 303 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F2: On May 9, 2016, 347 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F3: The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
F4: These options are immediately exercisable.
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: 347 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 346 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 347 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
F7: These options vest in accordance with the following schedule: 734 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 734 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 734 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
F8: These restricted stock units vest in accordance with the following schedule: 303 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 303 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 303 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
F9: These options vest in accordance with the following schedule: 633 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 633 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 633 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.
F10: These restricted stock units vest in accordance with the following schedule: 249 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 249 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 249 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.