0001181431-14-018956.txt : 20140509
0001181431-14-018956.hdr.sgml : 20140509
20140509204017
ACCESSION NUMBER: 0001181431-14-018956
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140507
FILED AS OF DATE: 20140509
DATE AS OF CHANGE: 20140509
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: 5900 BROKEN SOUND PARKWAY
CITY: BOCA RATON
STATE: FL
ZIP: 33487
BUSINESS PHONE: 5619957670
MAIL ADDRESS:
STREET 1: 5900 BROKEN SOUND PARKWAY
CITY: BOCA RATON
STATE: FL
ZIP: 33487
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LANGER JACK
CENTRAL INDEX KEY: 0001253093
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30110
FILM NUMBER: 14830878
MAIL ADDRESS:
STREET 1: C/O SPANISH BROADCASTING SYSTEMS INC.
STREET 2: 2601 SOUTH BAYSHORE DR, PENTHOUSE #2
CITY: COCONUT GROVE
STATE: FL
ZIP: 33133
4
1
rrd409035.xml
FORM 4 - OPTION AND RESTRICTED STOCK UNIT GRANT AND VESTING OF RESTRICTED STOCK UNITS, GIFT AND SALE
X0306
4
2014-05-07
0
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001253093
LANGER JACK
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY NW
BOCA RATON
FL
33487
1
0
0
0
Class A Common Stock
2014-05-07
4
M
0
483
A
32293
I
By Trust
Class A Common Stock
2014-05-07
4
F
0
145
96.53
D
32148
I
By Trust
Class A Common Stock
2014-05-09
5
G
0
100
0
D
32048
I
By Trust
Class A Common Stock
2014-05-09
4
S
0
10000
97.12
D
22048
I
By Trust
Class A Common Stock
2014-05-07
4
M
0
347
A
347
D
Class A Common Stock
2014-05-07
4
F
0
105
96.53
D
242
D
Stock Options (Right to Buy)
32.81
2017-05-06
Class A Common Stock
681
681
I
By Trust
Stock Options (Right to Buy)
37.76
2018-05-04
Class A Common Stock
1343
1343
I
By Trust
Stock Options (Right to Buy)
50.35
2019-05-17
Class A Common Stock
1643
1643
I
By Trust
Restricted Stock Units
2014-05-07
4
M
0
483
D
Class A Common Stock
483
483
I
By Trust
Stock Options (Right to Buy)
79.67
2020-05-09
Class A Common Stock
1999
1999
D
Restricted Stock Units
2014-05-07
4
M
0
347
D
Class A Common Stock
347
693
D
Stock Options (Right to Buy)
96.80
2014-05-08
4
A
0
2202
0
A
2021-05-08
Class A Common Stock
2202
2202
D
Restricted Stock Units
2014-05-08
4
A
0
909
0
A
Class A Common Stock
909
909
D
On May 7, 2014, 830 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
Shares withheld for payment of tax liability.
The Reporting Person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $97.00 to $97.25 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.
These options are immediately exercisable.
These options vest in accordance with the following schedule: 548 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 547 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 548 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 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: 483 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 483 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 483 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 annual meeting of shareholders.
These options vest in accordance with the following schedule: 667 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 666 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 666 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
These restricted stock units vest in accordance with the following schedule: 347 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 346 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 347 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
These options vest in accordance with the following schedule: 734 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 734 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 734 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
These restricted stock units vest in accordance with the following schedule: 303 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 303 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 303 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
/s/ Joshua M. Koenig, Attorney-in-Fact
2014-05-09