0001209191-20-016350.txt : 20200304
0001209191-20-016350.hdr.sgml : 20200304
20200304190328
ACCESSION NUMBER: 0001209191-20-016350
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200302
FILED AS OF DATE: 20200304
DATE AS OF CHANGE: 20200304
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: 001-16853
FILM NUMBER: 20689043
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: 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
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-03-02
0
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001106860
STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
1
1
0
0
Chief Executive Officer & Pres
Class A Common Stock
2020-03-02
4
S
0
20823
278.94
D
242712
D
Class A Common Stock
2020-03-02
4
S
0
3921
279.25
D
238791
D
Class A Common Stock
151515
I
By LLC
Class A Common Stock
259863
I
By Limited Partnership
Class A Common Stock
5675
I
By Trust
Class A Common Stock
5425
I
By Trust
Class A Common Stock
5175
I
By Trust
Class A Common Stock
3950
I
By Trust
Stock Options (Right to Buy)
124.59
2022-03-05
Class A Common Stock
159913
159913
D
Stock Options (Right to Buy)
96.58
2023-03-04
Class A Common Stock
201614
201614
D
Restricted Stock Units
Class A Common Stock
4927
4927
D
Stock Options (Right to Buy)
115.17
2024-03-06
Class A Common Stock
173635
173635
D
Restricted Stock Units
Class A Common Stock
8912
8912
D
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
137601
137601
D
Restricted Stock Units
Class A Common Stock
10758
10758
D
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
149994
149994
D
Restricted Stock Units
Class A Common Stock
13950
13950
D
Restricted Stock Units
Class A Common Stock
9768
9768
D
Performance Restricted Stock Units
Class A Common Stock
9768
9768
D
Performance Restricted Stock Units
Class A Common Stock
9768
9768
D
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $278.16 to $279.15 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.
Includes 105 shares acquired on February 28, 2020 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $279.16 to $279.58 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 shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial
ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
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.
Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
These options are immediately exercisable.
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: 4,926 vest on the first anniversary of the grant date and 4,927 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).
These options vest in accordance with the following schedule: 43,408 vest on the first anniversary of the grant date and 43,409 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
These restricted stock units vest in accordance with the following schedule: 4,455 vest on the first anniversary of the grant date and 4,456 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
These options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (March 6, 2018).
These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).
These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.
/s/ Thomas P. Hunt, Attorney-in-Fact
2020-03-04