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