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SBA COMMUNICATIONS CORP — Director's Dealing 2017
May 20, 2017
30276_dirs_2017-05-19_708dd4e6-4589-4481-b80e-40fa67e9ac0f.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: 2017-05-17
Reporting Person: STOOPS JEFFREY (Director, Chief Executive Officer & Pres)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-05-17 | Class A Common Stock | S | 34860 | $133.38 | Disposed | 329124 | Direct |
| 2017-05-17 | Class A Common Stock | S | 58400 | $133.97 | Disposed | 270724 | Direct |
| 2017-05-17 | Class A Common Stock | S | 1029 | $134.71 | Disposed | 269695 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 489863 | Indirect |
| Class A Common Stock | 5675 | Indirect |
| Class A Common Stock | 5425 | Indirect |
| Class A Common Stock | 5175 | Indirect |
| Class A Common Stock | 3950 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $47.52 | 2019-03-06 | Class A Common Stock (106450) | 106450 | Direct |
| Stock Options (Right to Buy) | $72.99 | 2020-03-06 | Class A Common Stock (145228) | 145228 | Direct |
| Stock Options (Right to Buy) | $95.53 | 2021-03-06 | Class A Common Stock (175529) | 175529 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (4452) | 4452 | Direct | |
| Stock Options (Right to Buy) | $124.59 | 2022-03-05 | Class A Common Stock (160715) | 160715 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (8044) | 8044 | Direct | |
| Stock Options (Right to Buy) | $96.58 | 2023-03-04 | Class A Common Stock (201614) | 201614 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (14781) | 14781 | Direct | |
| Stock Options (Right to Buy) | $115.17 | 2024-03-06 | Class A Common Stock (173635) | 173635 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (17823) | 17823 | Direct |
Footnotes
F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $132.68 to $133.67 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.
F2: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $133.68 to $134.66 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.
F3: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $134.69 to $134.74 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.
F4: These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.
F5: Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
F6: These options are immediately exercisable.
F7: These options vest in accordance with the following schedule: 43,882 vest on each of the first through third anniversaries of the grant date and 43,883 vest on the fourth anniversary of the grant date (March 6, 2014).
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: 4,451 vest on the first anniversary of the grant date and 4,452 on each of the second through fourth anniversaries of the grant date (March 6, 2014).
F10: These options vest in accordance with the following schedule: 40,178 vest on the first anniversary of the grant date and 40,179 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F11: These restricted stock units vest in accordance with the following schedule: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
F12: These options vest in accordance with the following schedule: 50,403 vest on each of the first and third anniversary of the grant date and 50,404 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
F13: These restricted stock units vest in accordance with the following schedule: 4,926 vest on the first anniversary of the grant date and 4,927 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
F14: These options vest in accordance with the following schedule: 43,408 vest on the first anniversary of the grant date and 43,409 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F15: These restricted stock units vest in accordance with the following schedule: 4,455 vest on the first anniversary of the grant date and 4,456 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).