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