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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options (Right to Buy) | $ 47.52 | 09/14/2018 | M | 35,000 | (14) | 03/06/2019 | Class A Common Stock | 35,000 | $ 0 | 48,346 | D | ||||
Stock Options (Right to Buy) | $ 72.99 | (14) | 03/06/2020 | Class A Common Stock | 143,858 | 143,858 | D | ||||||||
Stock Options (Right to Buy) | $ 95.53 | (14) | 03/06/2021 | Class A Common Stock | 174,483 | 174,483 | D | ||||||||
Stock Options (Right to Buy) | $ 124.59 | (15) | 03/05/2022 | Class A Common Stock | 160,715 | 160,715 | D | ||||||||
Restricted Stock Units | (16) | (17) | (17) | Class A Common Stock | 4,022 | 4,022 | D | ||||||||
Stock Options (Right to Buy) | $ 96.58 | (18) | 03/04/2023 | Class A Common Stock | 201,614 | 201,614 | D | ||||||||
Restricted Stock Units | (16) | (19) | (19) | Class A Common Stock | 9,854 | 9,854 | D | ||||||||
Stock Options (Right to Buy) | $ 115.17 | (20) | 03/06/2024 | Class A Common Stock | 173,635 | 173,635 | D | ||||||||
Restricted Stock Units | (16) | (21) | (21) | Class A Common Stock | 13,368 | 13,368 | D | ||||||||
Stock Options (Right to Buy) | $ 156.5 | (22) | 03/06/2025 | Class A Common Stock | 137,601 | 137,601 | D | ||||||||
Restricted Stock Units | (16) | (23) | (23) | Class A Common Stock | 14,343 | 14,343 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
STOOPS JEFFREY C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL 33487 |
X | Chief Executive Officer & Pres |
/s/ Thomas P. Hunt, Attorney-in-Fact | 09/17/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $158.74 to $159.70 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(2) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $159.77 to $160.13 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(3) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $158.76 to $159.76 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(4) | 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. |
(5) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $159.78 to $160.77 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(6) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $160.82 to $161.57 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(7) | Shares withheld to cover the exercise price and tax liability. |
(8) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $159.31 to $160.27 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(9) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $160.51 to $161.22 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(10) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $159.25 to $160.22 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(11) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $160.26 to $161.21 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(12) | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $161.37 to $161.42 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 were sold pursuant to a trading plan adopted under Rule 10b5-1 on August 8, 2018. |
(13) | Each of the four different trusts is for the benefit of one of the Reporting Person's four children. |
(14) | These options are immediately exercisable. |
(15) | These options vest in accordance with the following schedule: 40,178 vest on the first anniversary of the grant date and 40,179 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015). |
(16) | Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. |
(17) | These restricted stock units vest in accordance with the following schedule: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015). |
(18) | These options vest in accordance with the following schedule: 50,403 vest on each of the first and third anniversary of the grant date and 50,404 vest on each of the second and fourth anniversary of the grant date (March 4, 2016). |
(19) | 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). |
(20) | 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). |
(21) | 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). |
(22) | 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). |
(23) | 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). |