0001209191-20-017019.txt : 20200306
0001209191-20-017019.hdr.sgml : 20200306
20200306180550
ACCESSION NUMBER: 0001209191-20-017019
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200304
FILED AS OF DATE: 20200306
DATE AS OF CHANGE: 20200306
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ciarfella Mark R
CENTRAL INDEX KEY: 0001504654
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16853
FILM NUMBER: 20696069
MAIL ADDRESS:
STREET 1: C/O SBA COMMUNICATIONS CORPORATION
STREET 2: 5900 BROKEN SOUND PARKWAY NW
CITY: BOCA RATON
STATE: FL
ZIP: 33487
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
2020-03-04
0
0001034054
SBA COMMUNICATIONS CORP
SBAC
0001504654
Ciarfella Mark R
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON
FL
33487
0
1
0
0
EVP - Operations
Class A Common Stock
2020-03-04
4
M
0
944
A
17258.0951
D
Class A Common Stock
2020-03-04
4
F
0
230
286.66
D
17028.0951
D
Class A Common Stock
2020-03-04
4
M
0
8620
96.58
A
25648.0951
D
Class A Common Stock
2020-03-04
4
S
0
5642
300.57
D
20006.0951
D
Class A Common Stock
2020-03-04
4
S
0
2978
301.07
D
17028.0951
D
Class A Common Stock
2020-03-06
4
M
0
860
A
17888.0951
D
Class A Common Stock
2020-03-06
4
M
0
705
A
18593.0951
D
Class A Common Stock
2020-03-06
4
M
0
692
A
19285.0951
D
Class A Common Stock
2020-03-06
4
F
0
732
300.32
D
18553.0951
D
Stock Options (Right to Buy)
96.58
2020-03-04
4
M
0
8620
0.00
D
2023-03-04
Class A Common Stock
8620
1035
D
Restricted Stock Units
2020-03-04
4
M
0
944
D
Class A Common Stock
944
0
D
Stock Options (Right to Buy)
115.17
2024-03-06
Class A Common Stock
16754
16754
D
Restricted Stock Units
2020-03-06
4
M
0
860
D
Class A Common Stock
860
860
D
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
23657
23657
D
Stock Options (Right to Buy)
156.50
2025-03-06
Class A Common Stock
20278
20278
D
Restricted Stock Units
2020-03-06
4
M
0
705
D
Class A Common Stock
705
1409
D
Stock Options (Right to Buy)
182.30
2026-03-06
Class A Common Stock
29796
29796
D
Restricted Stock Units
2020-03-06
4
M
0
692
D
Class A Common Stock
692
2079
D
Restricted Stock Units
Class A Common Stock
1960
1960
D
Performance Restricted Stock Units
Class A Common Stock
1960
1960
D
Performance Restricted Stock Units
Class A Common Stock
1960
1960
D
On March 4, 2020, 944 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
Shares withheld for payment of tax liability.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $300.04 to $301.03 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.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $301.04 to $301.10 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.
On March 6, 2020, 860 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
On March 6, 2020, 705 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
On March 6, 2020, 692 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
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: 943 vest on the first anniversary of the grant date and 944 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: 8,377 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).
These restricted stock units vest in accordance with the following schedule: 859 vest on the first anniversary of the grant date and 860 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: 6,759 vest on each of the first through third anniversaries of the grant date and 6,760 vest on the fourth anniversary of the grant date (March 6, 2018).
These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 653 vest on the first and second anniversaries of the grant date and 654 vest on the third anniversary 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
2020-03-06