0001209191-17-038622.txt : 20170608 0001209191-17-038622.hdr.sgml : 20170608 20170608180607 ACCESSION NUMBER: 0001209191-17-038622 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170606 FILED AS OF DATE: 20170608 DATE AS OF CHANGE: 20170608 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8051 CONGRESS AVENUE CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 5612269345 MAIL ADDRESS: STREET 1: 8051 CONGRESS AVENUE 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: 001-16853 FILM NUMBER: 17901106 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 doc4.xml FORM 4 SUBMISSION X0306 4 2017-06-06 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001253093 LANGER JACK C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 1 0 0 0 Class A Common Stock 2017-06-06 4 S 0 9000 137.04 D 14883 I By Trust Class A Common Stock 2280 D Stock Options (Right to Buy) 79.67 2020-05-09 Class A Common Stock 1999 1999 D Stock Options (Right to Buy) 96.80 2021-05-08 Class A Common Stock 2202 2202 D Stock Options (Right to Buy) 113.55 2022-05-21 Class A Common Stock 1899 1899 D Restricted Stock Units Class A Common Stock 249 249 D Stock Options (Right to Buy) 100.00 2023-05-13 Class A Common Stock 2308 2308 D Restricted Stock Units Class A Common Stock 605 605 D Stock Options (Right to Buy) 132.00 2024-05-18 Class A Common Stock 1977 1977 D Restricted Stock Units Class A Common Stock 807 807 D Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction were $137.02 and $137.07 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. 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. These options are immediately exercisable. These options vest in accordance with the following schedule: 633 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 633 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 633 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 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: 249 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 249 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 249 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders. These options vest in accordance with the following schedule: 769 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 769 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 770 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders. These restricted stock units vest in accordance with the following schedule: 302 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 302 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 303 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders. These options vest in accordance with the following schedule: 659 vest on May 1, 2018; 659 vest on May 1, 2019; and 659 vest on May 1, 2020. These restricted stock units vest in accordance with the following schedule: 269 vest on May 1, 2018; 269 vest on May 1, 2019; and 269 vest on May 1, 2020. /s/ Thomas P. Hunt, Attorney-in-Fact 2017-06-08