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SBA COMMUNICATIONS CORP — Director's Dealing 2020
Feb 28, 2020
30276_dirs_2020-02-27_f4e95c7f-e580-4223-8ec2-7b02f4a32b6c.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: 2020-02-25
Reporting Person: Cavanagh Brendan Thomas (Executive Vice President & CFO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-25 | Restricted Stock Units | $ | A | 3663 | Acquired | Class A Common Stock (3663) | Direct | |
| 2020-02-25 | Performance Restricted Stock Units | $ | A | 3663 | Acquired | Class A Common Stock (3663) | Direct | |
| 2020-02-25 | Performance Restricted Stock Units | $ | A | 3663 | Acquired | Class A Common Stock (3663) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 44340 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (Right to Buy) | $96.58 | 2023-03-04 | Class A Common Stock (68258) | 68258 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (1668) | 1668 | Direct | |
| Stock Options (Right to Buy) | $115.17 | 2024-03-06 | Class A Common (60163) | 60163 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (3088) | 3088 | Direct | |
| Stock Options (Right to Buy) | $156.50 | 2025-03-06 | Class A Common Stock (50212) | 50212 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (3926) | 3926 | Direct | |
| Stock Options (Right to Buy) | $182.30 | 2026-03-06 | Class A Common Stock (55741) | 55741 | Direct |
| Restricted Stock Units | $ | Class A Common Stock (5184) | 5184 | Direct |
Footnotes
F1: These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
F2: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3: These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).
F4: These options vest in accordance with the following schedule: 15,040 vest on the first anniversary of the grant date and 15,041 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F5: These restricted stock units vest in accordance with the following schedule: 1,543 vest on the first anniversary of the grant date and 1,544 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
F6: These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
F7: These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
F8: These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
F9: These restricted stock units vest in accordance with the following schedule: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
F10: These restricted stock units vest in accordance with the following schedule: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
F11: Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
F13: These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.