Filing Details

Accession Number:
0001209191-20-033688
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-06-02 17:59:48
Reporting Period:
2020-05-29
Accepted Time:
2020-06-02 17:59:48
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
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2020-04-07 12,111 $0.00 256,500 No 5 G Direct
Class A Common Stock Disposition 2020-05-29 16,195 $309.04 135,320 No 4 S Indirect By LLC
Class A Common Stock Disposition 2020-05-29 2,311 $309.97 133,009 No 4 S Indirect By LLC
Class A Common Stock Disposition 2020-05-29 1,862 $310.84 131,147 No 4 S Indirect By LLC
Class A Common Stock Disposition 2020-05-29 2,647 $312.00 128,500 No 4 S Indirect By LLC
Class A Common Stock Disposition 2020-05-29 2,216 $312.63 126,284 No 4 S Indirect By LLC
Class A Common Stock Disposition 2020-06-02 12,616 $317.47 113,668 No 4 S Indirect By LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Direct
No 4 S Indirect By LLC
No 4 S Indirect By LLC
No 4 S Indirect By LLC
No 4 S Indirect By LLC
No 4 S Indirect By LLC
No 4 S Indirect By LLC
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
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
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Stock Options (Right to Buy) $96.58 2023-03-04 201,614 201,614 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 4,456 4,456 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 7,172 7,172 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 10,463 10,463 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
2023-03-04 201,614 201,614 Direct
2024-03-06 173,635 173,635 Direct
4,456 4,456 Direct
2025-03-06 137,601 137,601 Direct
7,172 7,172 Direct
2026-03-06 149,994 149,994 Direct
10,463 10,463 Direct
9,768 9,768 Direct
9,768 9,768 Direct
9,768 9,768 Direct
Footnotes
  1. The Reporting Person gifted these shares to a non-profit foundation of which the Reporting Person serves as the President and one of the two directors in an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $308.46 to $309.45 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. 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.
  4. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $309.47 to $310.33 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 $310.47 to $311.37 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 $311.49 to $312.45 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. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $312.49 to $312.83 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.
  8. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $317.00 to $317.65 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.
  9. 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.
  10. Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
  11. These options are immediately exercisable.
  12. 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).
  13. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  14. 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).
  15. 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).
  16. 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).
  17. 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).
  18. 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).
  19. 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).
  20. Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
  21. 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.
  22. 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.