Filing Details

Accession Number:
0001209191-20-034171
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-06-03 17:58:16
Reporting Period:
2020-06-01
Accepted Time:
2020-06-03 17:58:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1034054 Sba Communications Corp SBAC Real Estate Investment Trusts (6798) 650716501
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1293293 Thomas Brendan Cavanagh C/O Sba Communications Corporation
8051 Congress Avenue
Boca Raton FL 33487
Executive Vice President & Cfo No 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 Acquisiton 2020-06-01 68,258 $96.58 116,124 No 4 M Direct
Class A Common Stock Disposition 2020-06-01 4,897 $316.05 111,227 No 4 S Direct
Class A Common Stock Disposition 2020-06-01 25,935 $317.09 85,292 No 4 S Direct
Class A Common Stock Disposition 2020-06-01 5,013 $317.81 80,279 No 4 S Direct
Class A Common Stock Disposition 2020-06-01 16,724 $319.03 63,555 No 4 S Direct
Class A Common Stock Disposition 2020-06-01 14,254 $319.85 49,301 No 4 S Direct
Class A Common Stock Disposition 2020-06-01 400 $320.62 48,901 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
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 2020-06-01 68,258 $0.00 68,258 $96.58
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2023-03-04 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Options (Right to Buy) $115.17 2024-03-06 60,163 60,163 Direct
Class A Common Stock Restricted Stock Units $0.00 1,544 1,544 Direct
Class A Common Stock Stock Options (Right to Buy) $156.50 2025-03-06 50,212 50,212 Direct
Class A Common Stock Restricted Stock Units $0.00 2,617 2,617 Direct
Class A Common Stock Stock Options (Right to Buy) $182.30 2026-03-06 55,741 55,741 Direct
Class A Common Stock Restricted Stock Units $0.00 3,888 3,888 Direct
Class A Common Stock Restricted Stock Units $0.00 3,663 3,663 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 3,663 3,663 Direct
Class A Common Stock Performance Restricted Stock Units $0.00 3,663 3,663 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2024-03-06 60,163 60,163 Direct
1,544 1,544 Direct
2025-03-06 50,212 50,212 Direct
2,617 2,617 Direct
2026-03-06 55,741 55,741 Direct
3,888 3,888 Direct
3,663 3,663 Direct
3,663 3,663 Direct
3,663 3,663 Direct
Footnotes
  1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $315.56 to $316.55 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.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $316.57 to $317.56 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 transaction ranged from $317.57 to $318.51 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $318.57 to $319.48 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.
  5. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $319.51 to $320.48 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $320.61 to $320.64 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.
  7. These options are immediately exercisable.
  8. These options vest in accordance with the following schedule: 15,040 vest on the first anniversary of the grant date and 15,041 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
  9. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  10. These restricted stock units vest in accordance with the following schedule: 1,543 vest on the first anniversary of the grant date and 1,544 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).
  11. These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).
  12. These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).
  13. These options vest in accordance with the following schedule: 13,935 vest on each of the first through third anniversaries of the grant date and 13,936 vest on the fourth anniversary of the grant date (March 6, 2019).
  14. These restricted stock units vest in accordance with the following schedule: 1,296 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).
  15. These restricted stock units vest in accordance with the following schedule: 1,221 vest on each of the first through third anniversaries of the grant date (February 25, 2020).
  16. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  17. 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.
  18. 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.