0001181431-11-056810.txt : 20111117
0001181431-11-056810.hdr.sgml : 20111117
20111117190219
ACCESSION NUMBER: 0001181431-11-056810
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111115
FILED AS OF DATE: 20111117
DATE AS OF CHANGE: 20111117
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STOOPS JEFFREY
CENTRAL INDEX KEY: 0001106860
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30110
FILM NUMBER: 111214436
MAIL ADDRESS:
STREET 1: SBA COMMUNICATIONS CORP
STREET 2: ONE TOWN CENTER ROAD THIRD FLOOR
CITY: BOCA RATON
STATE: FL
ZIP: 33486
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
rrd326041.xml
FORM 4 - SALE AND OPTION EXERCISE
X0304
4
2011-11-15
0
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001106860
STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY, NW
BOCA RATON
FL
33487
1
1
0
0
Chief Executive Officer & Pres
Class A Common Stock
2011-11-15
4
S
0
100000
39.50
D
257303
D
Class A Common Stock
2011-11-17
4
M
0
32068
8.56
A
289371
D
Class A Common Stock
3950
I
By Trust
Class A Common Stock
3950
I
By Trust
Class A Common Stock
3950
I
By Trust
Class A Common Stock
3350
I
By Trust
Class A Common Stock
569863
I
By Limited Partnership
Stock Options (Right to Buy)
8.56
2011-11-17
4
M
0
32068
0
D
2015-02-01
Class A Common Stock
32068
0
D
Stock Options (Right to Buy)
19.1
2016-01-19
Class A Common Stock
137265
137265
D
Stock Options (Right to Buy)
28.54
2014-02-26
Class A Common Stock
142500
142500
D
Stock Options (Right to Buy)
32.39
2015-02-28
Class A Common Stock
150000
150000
D
Stock Options (Right to Buy)
19.68
2016-03-05
Class A Common Stock
194605
194605
D
Stock Options (Right to Buy)
35.71
2017-03-04
Class A Common Stock
84598
84598
D
Restricted Stock Units
Class A Common Stock
14481
14481
D
Stock Options (Right to Buy)
42.15
2018-03-04
Class A Common Stock
97483
97483
D
Restricted Stock Units
Class A Common Stock
22435
22435
D
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $39.35 to $39.65 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.
Each of the four different trusts is for the benefit of one of the reporting person's four children.
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.
These options are immediately exercisable.
These options vest in accordance with the following schedule: 37,500 vest on each of the first through fourth anniversaries of the grant date (February 28, 2008).
These options vest in accordance with the following schedule: 48,651 vest on each of the first through the third anniversaries of the grant date and 48,652 vest on the fourth anniversary of the grant date (March 5, 2009).
These options vest in accordance with the following schedule: 21,149 vest on each of the first and the third anniversary of the grant date and 21,150 vest on each of the second and the fourth anniversary of the grant date (March 4, 2010).
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: 4,827 vest on each of the first through the fourth anniversaries of the grant date (March 4, 2010).
These options vest in accordance with the following schedule: 24,370 vest on the first anniversary of the grant date and 24,371 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
These restricted stock units vest in accordance with the following schedule: 5,608 vest on the first anniversary of the grant date and 5,609 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
/s/ Joshua M. Koenig, Attorney-in-Fact
2011-11-17