Filing Details

Accession Number:
0001181431-12-060923
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-11-28 19:00:33
Reporting Period:
2012-11-26
Filing Date:
2012-11-28
Accepted Time:
2012-11-28 19:00:33
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1034054 Sba Communications Corp SBAC Communications Services, Nec (4899) 650716501
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1106860 Jeffrey Stoops C/O Sba Communications Corporation
5900 Broken Sound Parkway, Nw
Boca Raton FL 33487
Chief Executive Officer & Pres Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2012-09-26 1,000 $0.00 295,972 No 5 G Direct
Class A Common Stock Disposition 2012-11-26 64,000 $67.72 231,972 No 4 S Direct
Class A Common Stock Disposition 2012-11-26 6,000 $68.26 225,972 No 4 S Direct
Class A Common Stock Acquisiton 2012-11-27 37,265 $19.10 263,237 No 4 M Direct
Class A Common Stock Acquisiton 2012-11-27 50,000 $28.54 313,237 No 4 M Direct
Class A Common Stock Disposition 2012-11-26 50,000 $67.19 519,863 No 4 S Indirect By Limited Partnership
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 S Indirect By Limited Partnership
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Stock Options (Right to Buy) Disposition 2012-11-27 37,265 $0.00 37,265 $19.10
Class A Common Stock Stock Options (Right to Buy) Disposition 2012-11-27 50,000 $0.00 50,000 $28.54
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-01-19 No 4 M Direct
88,997 2014-02-26 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 4,500 Indirect By Trust
Class A Common Stock 4,500 Indirect By Trust
Class A Common Stock 4,500 Indirect By Trust
Class A Common Stock 3,350 Indirect By Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Stock Options (Right to Buy) $32.39 2015-02-28 146,913 146,913 Direct
Class A Common Stock Stock Options (Right to Buy) $19.68 2016-03-05 194,604 194,604 Direct
Class A Common Stock Stock Options (Right to Buy) $35.71 2017-03-04 84,598 84,598 Direct
Class A Common Stock Restricted Stock Units $0.00 9,654 9,654 Direct
Class A Common Stock Stock Options (Right to Buy) $42.15 2018-03-04 97,483 97,483 Direct
Class A Common Stock Restricted Stock Units $0.00 16,827 16,827 Direct
Class A Common Stock Stock Options (Right to Buy) $47.52 2019-03-06 106,450 106,450 Direct
Class A Common Stock Restricted Stock Units $0.00 23,541 23,541 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2015-02-28 146,913 146,913 Direct
2016-03-05 194,604 194,604 Direct
2017-03-04 84,598 84,598 Direct
9,654 9,654 Direct
2018-03-04 97,483 97,483 Direct
16,827 16,827 Direct
2019-03-06 106,450 106,450 Direct
23,541 23,541 Direct
Footnotes
  1. The reporting person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $67.14 to $68.13 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.
  3. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $68.14 to $68.39 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.
  4. Each of the four different trusts is for the benefit of one of the reporting person's four children.
  5. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $67.03 to $67.38 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.
  6. 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.
  7. These options are immediately exercisable.
  8. These options vest in accordance with the following schedule: 48,651 vest on each of the first through the third anniversaries of the grant date and 48,652 vest on the fourth anniversary of the grant date (March 5, 2009).
  9. These options vest in accordance with the following schedule: 21,149 vest on each of the first and the third anniversary of the grant date and 21,150 vest on each of the second and the fourth anniversary of the grant date (March 4, 2010).
  10. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  11. These restricted stock units vest in accordance with the following schedule: 4,827 vest on each of the first through the fourth anniversaries of the grant date (March 4, 2010).
  12. These options vest in accordance with the following schedule: 24,370 vest on the first anniversary of the grant date and 24,371 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
  13. These restricted stock units vest in accordance with the following schedule: 5,608 vest on the first anniversary of the grant date and 5,609 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
  14. These options vest in accordance with the following schedule: 26,612 vest on each of the first and the third anniversary of the grant date and 26,613 vest on each of the second and the fourth anniversary of the grant date (March 6, 2012).
  15. These restricted stock units vest in accordance with the following schedule: 5,885 vest on each of the first through third anniversaries of the grant date and 5,886 vest on the fourth anniversary of the grant date (March 6, 2012).