0001181431-11-027605.txt : 20110505 0001181431-11-027605.hdr.sgml : 20110505 20110505201514 ACCESSION NUMBER: 0001181431-11-027605 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110503 FILED AS OF DATE: 20110505 DATE AS OF CHANGE: 20110505 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BERNSTEIN STEVEN E CENTRAL INDEX KEY: 0001089833 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30110 FILM NUMBER: 11816421 MAIL ADDRESS: STREET 1: C/O SBA COMMUNICATIONS CORP STREET 2: ONE TOWN CENTER ROAD - THIRD FLOOR CITY: BOCO RATON STATE: FL ZIP: 83486 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 5619957670 MAIL ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 4 1 rrd310437.xml FORM 4 - OPTION AND RESTRICTED STOCK UNIT GRANT X0303 4 2011-05-03 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001089833 BERNSTEIN STEVEN E C/O SBA COMMUNICATIONS CORPORATION 5900 BROKEN SOUND PARKWAY N.W. BOCA RATON FL 33487 1 0 0 1 Chairman Class A Common Stock 2011-05-03 4 M 0 622 A 240764 I See footnote Stock Options (Right to Buy) 14.80 2015-07-22 Class A Common Stock 6667 6667 D Stock Options (Right to Buy) 26.36 2016-05-05 Class A Common Stock 10000 10000 D Stock Options (Right to Buy) 30.07 2014-05-17 Class A Common Stock 10000 10000 D Stock Options (Right to Buy) 34.49 2015-05-06 Class A Common Stock 9514 9514 D Stock Options (Right to Buy) 24.38 2016-05-07 Class A Common Stock 9374 9374 D Stock Options (Right to Buy) 32.81 2017-05-06 Class A Common Stock 2042 2042 D Restricted Stock Units 2011-05-03 4 M 0 622 D Class A Common Stock 622 1244 D Stock Options (Right to Buy) 37.76 2011-05-04 4 A 0 2015 0 A 2018-05-04 Class A Common Stock 2015 2015 D Restricted Stock Units 2011-05-04 4 A 0 1845 0 A Class A Common Stock 1845 1845 D On May 3, 2011, 622 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. 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. These options are immediately exercisable. These options vest in accordance with the following schedule: 3,125 vest on the earlier of the first anniversary of the grant date or the day immediately prior to the 2010 annual meeting of shareholders; 3,124 vest on the earlier of the second anniversary of the grant date or the day immediately prior to the 2011 annual meeting of shareholders; and 3,125 vest on the earlier of the third anniversary of the grant date or the day immediately prior to the 2012 annual meeting of shareholders. These options vest in accordance with the following schedule: 680 vest on the earlier of May 6, 2011 or the day immediately prior to the 2011 annual meeting of shareholders; 681 vest on the earlier of May 6, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; and 681 vest on the earlier of May 6, 2013 or the day immediately prior to the 2013 annual meeting of shareholders. Each restricted stock unit represents a contingent right to receive one share of Class A common stock. These restricted stock units vest in accordance with the following schedule: 622 vest on the earlier of May 6, 2011 or the day immediately prior to the 2011 annual meeting of shareholders; 622 vest on the earlier of May 6, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; and 622 vest on the earlier of May 6, 2013 or the day immediately prior to the 2013 annual meeting of shareholders. These options vest in accordance with the following schedule: 672 vest on the earlier of May 4, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; 671 vest on the earlier of May 4, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; and 672 vest on the earlier of May 4, 2014 or the day immediately prior to the 2014 annual meeting of shareholders. These restricted stock units vest in accordance with the following schedule: 615 vest on the earlier of May 4, 2012 or the day immediately prior to the 2012 annual meeting of shareholders; 615 vest on the earlier of May 4, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; and 615 vest on the earlier of May 4, 2014 or the day immediately prior to the 2014 annual meeting of shareholders. /s/ Thomas P. Hunt, Attorney-in-Fact 2011-05-05