Statement of Changes in Beneficial Ownership (4)
May 18 2020 - 6:16PM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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LANGER JACK |
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP
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SBAC
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/14/2020 |
(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 | | | | | | | | 505 | D | |
Class A Common Stock | | | | | | | | 14802.493 | I | By Trust (1) |
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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Stock Options (Right to Buy) | $96.80 | | | | | | | (2) | 5/8/2021 | Class A Common Stock | 2202 | | 2202 | D | |
Stock Options (Right to Buy) | $113.55 | | | | | | | (2) | 5/21/2022 | Class A Common Stock | 1899 | | 1899 | D | |
Stock Options (Right to Buy) | $100.00 | | | | | | | (2) | 5/13/2023 | Class A Common Stock | 2308 | | 2308 | D | |
Stock Options (Right to Buy) | $132.00 | | | | | | | (2) | 5/18/2024 | Class A Common Stock | 1977 | | 1977 | D | |
Stock Options (Right to Buy) | $157.51 | | | | | | | (3) | 5/17/2025 | Class A Common Stock | 1411 | | 1411 | D | |
Restricted Stock Units | (4) | | | | | | | (5) | (5) | Class A Common Stock | 201 | | 201 | D | |
Stock Options (Right to Buy) | $212.31 | | | | | | | (6) | 5/16/2026 | Class A Common Stock | 1501 | | 1501 | D | |
Restricted Stock Units | (4) | | | | | | | (7) | (7) | Class A Common Stock | 365 | | 365 | D | |
Restricted Stock Units | (4) | 5/14/2020 | | A | | 570 | | (8) | (8) | Class A Common Stock | 570 | $0.00 | 570 | D | |
Explanation of Responses: |
(1) | 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. |
(2) | These options are immediately exercisable. |
(3) | 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. |
(4) | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
(5) | 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. |
(6) | 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. |
(7) | 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. |
(8) | These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LANGER JACK C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487 | X |
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Signatures
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/s/ Thomas P. Hunt, Attorney-in-Fact | | 5/18/2020 |
**Signature of Reporting Person | Date |
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