4 1 d4.txt STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP /------------------------------/ / OMB APPROVAL / /------------------------------/ / OMB Number: 3235-0287 / / Expires: January 31, 2005 / / Estimated average burden / / hours per response...... 0.5 / /------------------------------/ +--------+ | FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION +--------+ WASHINGTON, D.C. 20549 [_] Check this box if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP to Section 16. Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities obligations may Exchange Act of 1934, Section 17(a) of the continue. See Public Utility Holding Company Act of 1935 or Instruction 1(b). Section 30(f) of the Investment Company Act of 1940 -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Bernstein Steven E. -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o SBA Communications Corporation 5900 Broken Sound Parkway N.W. -------------------------------------------------------------------------------- (Street) Boca Raton FL 33487 -------------------------------------------------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol SBA Communications Corporation (SBAC) ----------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) -------------- 4. Statement for Month/Year May 2002 --------------------------------------------------- 5. If Amendment, Date of Original (Month/Year) --------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) _X_ Director ___ Officer _X_ 10% Owner ___ Other (give title below) (specify below) Chairman ---------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) _X__ Form filed by One Reporting Person ____ Form filed by More than One Reporting Person Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
------------------------------------------------------------------------------------------------------------------------------------ 1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature of action action or Disposed of (D) Securities ship of In- Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct (Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene- Day/ ----------------------------------------------- End of (D) or ficial Year) Month Indirect Owner- Code V Amount (A) or (D) Price (Instr. 3 and 4) (I) ship (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 05/31/02 P 175,000 A $1.4843 175,641 I (1) ------------------------------------------------------------------------------------------------------------------------------------ Class A Common Stock 45,834 I (2) ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 3,355,595 (4) I (1) ------------------------------------------------------------------------------------------------------------------------------------ Class B Common Stock 2,000,000 (4) I (3) ------------------------------------------------------------------------------------------------------------------------------------ * If this form is filed by more than one reporting person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
FORM 4 (continued) Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
----------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- Security (Instr. 3) sion or action tion Code ative Securities Exercise Date (Instr. 8) Acquired (A) or Price of (Month/ Disposed of (D) Deriv- Day/ (Instr. 3, 4, and 5) ative Year) Security --------------------------------------------------- Code V (A) (D) ----------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $8.00 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $8.00 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $8.80 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $15.25 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $34.69 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $21.95 ----------------------------------------------------------------------------------------------------------------------------- Employee Stock Options (Right to Buy) $12.94 01/07/02 A V 25,000 -----------------------------------------------------------------------------------------------------------------------------
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
------------------------------------------------------------------------------------------------------------------------------------ 6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na- cisable and Underlying Securities of of Deriv- ship ture Expiration (Instr. 3 and 4) Deriv- ative Form of In- Date ative Secur- of De- direct (Month/Day/ Secur- ities rivative Bene- Year) ity Bene- Securities ficial (Instr. ficially Bene- Owner- -------------------------------------------- 5) Owned ficially ship Date Expira- Amount or at End Owned at (Instr. Exer- tion Title Number of of End of 4) cisable Date Shares Month Month(1) (Instr. 4) (Instr. 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) Immed. 04/18/04 Common Stock 91,666 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) Immed. 04/18/09 Common Stock 3,411 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) Immed. 04/18/04 Common Stock 34,089 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) (5) 12/15/09 Common Stock 91,803 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) (6) 01/07/06 Common Stock 100,000 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) (7) 07/02/06 Common Stock 33,350 D ------------------------------------------------------------------------------------------------------------------------------------ Employee Stock Options Class A (Right to Buy) (8) 01/07/12 Common Stock 25,000 25,000 D ------------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: (1) These shares are held by Bernstein Limited Partnership II, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. (2) These shares are held by the "Steven E. Bernstein Revocable Trust U/A/D 3/25/97, Steven E. Bernstein, Trustee." The sole beneficiary of the trust is the Reporting Person. (3) These shares are held by Bernstein Limited Partnership, an entity controlled, in part, by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. (4) Since the reporting person's last report, 1,000,000 shares of Class B Common Stock were transferred from the Bernstein Limited Partnership II to the Bernstein Limited Partnership. (5) These options vest in accordance with the following schedule: 30,601 vested on December 29, 2000; 30,601 vested on December 31, 2001; and 30,601 vest on December 31, 2002. (6) These options vest in accordance with the following schedule: 25,000 vested on December 31, 2001; and 25,000 vest on each of December 31, 2002, 2003 and 2004. (7) These options vest in accordance with the following schedule: 8,337 vest on each of July 3, 2002 and 2003; and 8,338 vest on each of July 3, 2004 and 2005. (8) These options vest in accordance with the following schedule: 6,250 vest on each of January 7, 2003, 2004, 2005 and 2006. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. /s/ Steven E. Bernstein 06/06/02 ------------------------------- ----------------- **Reporting Person Date