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