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SBA COMMUNICATIONS CORP — Director's Dealing 2020
May 5, 2020
30276_dirs_2020-05-05_b4b3a18e-f20b-4ddb-a214-5f612200c459.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: 2020-05-01
Reporting Person: LANGER JACK (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-04-09 | Class A Common Stock | G | 84 | $0.00 | Disposed | 14802.493 | Indirect |
| 2020-05-01 | Class A Common Stock | M | 270 | — | Acquired | 320 | Direct |
| 2020-05-01 | Class A Common Stock | M | 201 | — | Acquired | 521 | Direct |
| 2020-05-01 | Class A Common Stock | M | 181 | — | Acquired | 702 | Direct |
| 2020-05-01 | Class A Common Stock | F | 197 | $289.92 | Disposed | 505 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-01 | Restricted Stock Units | $ | M | 270 | Disposed | Class A Common Stock (270) | Direct | |
| 2020-05-01 | Restricted Stock Units | $ | M | 201 | Disposed | Class A Common Stock (201) | Direct | |
| 2020-05-01 | Restricted Stock Units | $ | M | 181 | Disposed | Class A Common Stock (181) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
| Stock Options (Right to Buy) | $100.00 | 2023-05-13 | Class A Common Stock (2308) | 2308 | Direct |
| Stock Options (Right to Buy) | $132.00 | 2024-05-18 | Class A Common Stock (1977) | 1977 | Direct |
| Stock Options (Right to Buy) | $157.51 | 2025-05-17 | Class A Common Stock (1411) | 1411 | Direct |
| Stock Options (Right to Buy) | $212.31 | 2026-05-16 | Class A Common Stock (1501) | 1501 | Direct |
Footnotes
F1: The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F2: Includes 53.493 shares acquired through a dividend reinvestment plan.
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: On May 1, 2020, 270 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F5: On May 1, 2020, 201 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F6: On May 1, 2020, 181 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.
F7: Shares withheld for tax liability.
F8: These options are immediately exercisable.
F9: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10: 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.
F11: 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.
F12: 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.
F13: These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
F14: These restricted stock units vest in accordance with the following schedule: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.