Statement of Changes in Beneficial Ownership (4)
September 06 2019 - 5:57PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Cavanagh Brendan Thomas |
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP
[
SBAC
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President & CFO
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(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/4/2019
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(Street)
BOCA RATON, FL 33487
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock
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9/4/2019
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M
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54411
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A
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$124.59
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98751
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D
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Class A Common Stock
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9/4/2019
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S
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7221
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D
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$266.15 (1)
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91530
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D
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Class A Common Stock
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9/4/2019
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S
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6223
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D
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$267.14 (2)
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85307
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D
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Class A Common Stock
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9/4/2019
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S
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23744
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D
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$268.28 (3)
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61563
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D
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Class A Common Stock
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9/4/2019
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S
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17223
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D
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$268.91 (4)
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44340
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D
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Options (Right to Buy)
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$124.59
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9/4/2019
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M
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54411
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(5)
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3/5/2022
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Class A Common Stock
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54411
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$0.00
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0
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D
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Stock Options (Right to Buy)
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$96.58
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(6)
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3/4/2023
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Class A Common Stock
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68258
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68258
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D
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Restricted Stock Units
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(7)
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(8)
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(8)
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Class A Common Stock
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1668
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1668
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D
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Stock Options (Right to Buy)
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$115.17
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(9)
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3/6/2024
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Class A Common
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60163
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60163
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D
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Restricted Stock Units
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(7)
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(10)
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(10)
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Class A Common Stock
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3088
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3088
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D
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Stock Options (Right to Buy)
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$156.50
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(11)
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3/6/2025
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Class A Common Stock
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50212
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50212
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D
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Restricted Stock Units
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(7)
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(12)
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(12)
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Class A Common Stock
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3926
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3926
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D
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Stock Options (Right to Buy)
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$182.30
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(13)
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3/6/2026
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Class A Common Stock
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55741
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55741
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D
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Restricted Stock Units
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(7)
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(14)
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(14)
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Class A Common Stock
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5184
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5184
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D
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Explanation of Responses:
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(1)
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Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $265.61 to $266.52 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.
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(2)
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Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $266.61 to $267.60 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.
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(3)
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Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $267.63 to $268.61 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.
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(4)
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Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $268.63 to $269.42 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.
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(5)
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These options are immediately exercisable.
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(6)
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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).
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(7)
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Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
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(8)
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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).
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(9)
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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).
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(10)
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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).
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(11)
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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).
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(12)
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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).
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(13)
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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).
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(14)
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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).
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Cavanagh Brendan Thomas C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487
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Executive Vice President & CFO
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Signatures
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/s/ Thomas P. Hunt, Attorney-in-Fact
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9/6/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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