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SBA COMMUNICATIONS CORP — Director's Dealing 2018
Nov 13, 2018
30276_dirs_2018-11-13_e05530d1-dfe8-44fd-8125-9c08983d6581.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: 2018-11-09
Reporting Person: Krouse George R Jr (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-11-09 | Class A Common Stock | M | 1538 | $100.00 | Acquired | 12069 | Direct |
| 2018-11-09 | Class A Common Stock | F | 1122 | $171.52 | Disposed | 10947 | Direct |
| 2018-11-12 | Class A Common Stock | S | 416 | $171.75 | Disposed | 10531 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-11-09 | Stock Options (Right to Buy) | $100.00 | M | 1538 | Disposed | 2023-05-13 | Class A Common Stock (1538) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $113.55 | 2022-05-21 | Class A Common Stock (1899) | 1899 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (303) | 303 | Direct | |
| Stock Options (Right to Buy) | $132.00 | 2024-05-18 | Class A Common Stock (1977) | 1977 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (539) | 539 | Direct | |
| Stock Options (Right to Buy) | $157.51 | 2025-05-17 | Class A Common Stock (1411) | 1411 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (602) | 602 | Direct |
Footnotes
F1: Shares withheld for payment of tax liability and option exercise price.
F2: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction were $171.73 and $171.75 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: These options are immediately exercisable.
F4: These options vest in accordance with the following schedule: 769 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 769 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 770 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 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: 302 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 302 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 303 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.
F7: These options vest in accordance with the following schedule: 658 vest on May 1, 2018; 659 vest on May 1, 2019; and 660 vest on May 1, 2020.
F8: These restricted stock units vest in accordance with the following schedule: 268 vest on May 1, 2018; 269 vest on May 1, 2019; and 270 vest on May 1, 2020.
F9: These options vest in accordance with the following schedule: 470 vest on May 1, 2019; 470 vest on May 1, 2020; and 471 vest on May 1, 2021.
F10: These restricted stock units vest in accordance with the following schedule: 200 vest on May 1, 2019; 201 vest on May 1, 2020; and 201 vest on May 1, 2021.