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Filing Details

Accession Number:: 0001209191-20-016350
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-04 19:03:28
Reporting Period:: 2020-03-02

Accepted Time:: 2020-03-04 19:03:28
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
1106860	Jeffrey Stoops	C/O Sba Communications Corporation 8051 Congress Avenue Boca Raton FL 33487	Chief Executive Officer & Pres	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2020-03-02	20,823	$278.94	242,712	No	4	S	Direct
Class A Common Stock	Disposition	2020-03-02	3,921	$279.25	238,791	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	151,515	Indirect	By LLC
Class A Common Stock	259,863	Indirect	By Limited Partnership
Class A Common Stock	5,675	Indirect	By Trust
Class A Common Stock	5,425	Indirect	By Trust
Class A Common Stock	5,175	Indirect	By Trust
Class A Common Stock	3,950	Indirect	By Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Options (Right to Buy)	$124.59	2022-03-05	159,913	159,913	Direct
Class A Common Stock	Stock Options (Right to Buy)	$96.58	2023-03-04	201,614	201,614	Direct
Class A Common Stock	Restricted Stock Units	$0.00		4,927	4,927	Direct
Class A Common Stock	Stock Options (Right to Buy)	$115.17	2024-03-06	173,635	173,635	Direct
Class A Common Stock	Restricted Stock Units	$0.00		8,912	8,912	Direct
Class A Common Stock	Stock Options (Right to Buy)	$156.50	2025-03-06	137,601	137,601	Direct
Class A Common Stock	Restricted Stock Units	$0.00		10,758	10,758	Direct
Class A Common Stock	Stock Options (Right to Buy)	$182.30	2026-03-06	149,994	149,994	Direct
Class A Common Stock	Restricted Stock Units	$0.00		13,950	13,950	Direct
Class A Common Stock	Restricted Stock Units	$0.00		9,768	9,768	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		9,768	9,768	Direct
Class A Common Stock	Performance Restricted Stock Units	$0.00		9,768	9,768	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2022-03-05	159,913	159,913	Direct
2023-03-04	201,614	201,614	Direct
	4,927	4,927	Direct
2024-03-06	173,635	173,635	Direct
	8,912	8,912	Direct
2025-03-06	137,601	137,601	Direct
	10,758	10,758	Direct
2026-03-06	149,994	149,994	Direct
	13,950	13,950	Direct
	9,768	9,768	Direct
	9,768	9,768	Direct
	9,768	9,768	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $278.16 to $279.15 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.
Includes 105 shares acquired on February 28, 2020 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $279.16 to $279.58 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 are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficialownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.
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.
Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
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: 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).
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).
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).
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).
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).
These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019).
These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries 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.