Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-033688
Date:2020-05-29
Issuer: SBA COMMUNICATIONS CORP (SBAC)
Original Submission Date:

Reporting Person:

STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE BOCA RATON, FL 33487

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON STOCK 2020-04-07 G 12,111 d $0.00 256,500 direct
CLASS A COMMON STOCK 2020-05-29 S 16,195 d $309.04 135,320 indirect f3
CLASS A COMMON STOCK 2020-05-29 S 2,311 d $309.97 133,009 indirect f3
CLASS A COMMON STOCK 2020-05-29 S 1,862 d $310.84 131,147 indirect f3
CLASS A COMMON STOCK 2020-05-29 S 2,647 d $312.00 128,500 indirect f3
CLASS A COMMON STOCK 2020-05-29 S 2,216 d $312.63 126,284 indirect f3
CLASS A COMMON STOCK 2020-06-02 S 12,616 d $317.47 113,668 indirect f3
CLASS A COMMON STOCK 2020-05-29 0 $0.00 259,863 indirect f9
CLASS A COMMON STOCK 2020-05-29 0 $0.00 5,675 indirect f10
CLASS A COMMON STOCK 2020-05-29 0 $0.00 5,425 indirect f10
CLASS A COMMON STOCK 2020-05-29 0 $0.00 5,175 indirect f10
CLASS A COMMON STOCK 2020-05-29 0 $0.00 3,950 indirect f10
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTIONS (RIGHT TO BUY) 96.58 2020-05-29 deemed execution date 0 ( ) 2023-03-04 class a common stock 201,614 $96.58 201,614 direct
STOCK OPTIONS (RIGHT TO BUY) 115.17 2020-05-29 deemed execution date 0 ( ) 2024-03-06 class a common stock 173,635 $115.17 173,635 direct
RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 4,456 $0.00 4,456 direct
STOCK OPTIONS (RIGHT TO BUY) 156.5 2020-05-29 deemed execution date 0 ( ) 2025-03-06 class a common stock 137,601 $156.50 137,601 direct
RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 7,172 $0.00 7,172 direct
STOCK OPTIONS (RIGHT TO BUY) 182.3 2020-05-29 deemed execution date 0 ( ) 2026-03-06 class a common stock 149,994 $182.30 149,994 direct
RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 10,463 $0.00 10,463 direct
RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 9,768 $0.00 9,768 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 9,768 $0.00 9,768 direct
PERFORMANCE RESTRICTED STOCK UNITS 0.0 2020-05-29 deemed execution date 0 ( ) class a common stock 9,768 $0.00 9,768 direct
Footnotes
IDfootnote
f1 the reporting person gifted these shares to a non-profit foundation of which the reporting person serves as the president and one of the two directors in an exempt transaction pursuant to rule 16b-5 of the exchange act.
f2 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $308.46 to $309.45 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 shares are owned by calculated risk sba holdings, llc, a delaware limited liability company ("crllc"). the reporting person and his spouse control the manager of crllc. the reporting person disclaims beneficialownership of the stock owned by crllc except to the extent of his pecuniary interest therein.
f4 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $309.47 to $310.33 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.
f5 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $310.47 to $311.37 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.
f6 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $311.49 to $312.45 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.
f7 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $312.49 to $312.83 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.
f8 represents the weighted average price of the shares sold. the prices of the shares sold pursuant to the transaction ranged from $317.00 to $317.65 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.
f9 these shares are owned by calculated risk partners, l.p., a delaware limited partnership ("crlp"). the reporting person and his spouse control the general partner of crlp. the reporting person disclaims beneficial ownership of the stock owned by crlp except to the extent of his pecuniary interest therein.
f10 each of the four different trusts is for the benefit of one of the reporting person's four children.
f11 these options are immediately exercisable.
f12 these options vest in accordance with the following schedule: 43,408 vest on the first anniversary of the grant date and 43,409 vest on each of the second through fourth anniversaries of the grant date (march 6, 2017).
f13 each restricted stock unit represents a contingent right to receive one share of class a common stock.
f14 these restricted stock units vest in accordance with the following schedule: 4,455 vest on the first anniversary of the grant date and 4,456 vest on each of the second through fourth anniversaries of the grant date (march 6, 2017).
f15 these options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (march 6, 2018).
f16 these restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (march 6, 2018).
f17 these options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (march 6, 2019).
f18 these restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (march 6, 2019).
f19 these restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (february 25, 2020).
f20 each performance restricted stock unit represents a contingent right to receive one share of class a common stock.
f21 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.
f22 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.
WhaleWisdom Logo

Elevate your investments