Sec Form 4 Filing - COCROFT DUNCAN @ SBA COMMUNICATIONS CORP - 2020-02-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
COCROFT DUNCAN
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP [ SBAC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
02/26/2020
(Street)
BOCA RATON, FL33487
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 02/26/2020 M 1,999 A $ 79.67 71,536 D
Class A Common Stock 02/26/2020 S 1,177 D $ 291.46 ( 1 ) 70,359 D
Class A Common Stock 02/26/2020 S 822 D $ 292.18 ( 2 ) 69,537 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 79.67 02/26/2020 M 1,999 ( 3 ) 05/09/2020 Class A Common Stock 1,999 $ 0 0 D
Stock Options (Right to Buy) $ 96.8 ( 3 ) 05/08/2021 Class A Common Stock 2,202 2,202 D
Stock Options (Right to Buy) $ 113.55 ( 3 ) 05/21/2022 Class A Common Stock 1,899 1,899 D
Stock Options (Right to Buy) $ 100 ( 3 ) 05/13/2023 Class A Common Stock 2,308 2,308 D
Stock Options (Right to Buy) $ 132 ( 4 ) 05/18/2024 Class A Common Stock 1,977 1,977 D
Restricted Stock Units ( 5 ) ( 6 ) ( 6 ) Class A Common Stock 270 270 D
Stock Options (Right to Buy) $ 157.51 ( 7 ) 05/17/2025 Class A Common Stock 1,411 1,411 D
Restricted Stock Units ( 5 ) ( 8 ) ( 8 ) Class A Common Stock 402 402 D
Stock Options (Right to Buy) $ 212.31 ( 9 ) 05/16/2026 Class A Common Stock 1,501 1,501 D
Restricted Stock Units ( 5 ) ( 10 ) ( 10 ) Class A Common Stock 546 546 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
COCROFT DUNCAN
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON, FL33487
X
Signatures
/s/ Thomas P. Hunt, Attorney-in-Fact 02/28/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $290.93 to $291.88 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 transactions ranged from $291.97 to $292.44 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 options are exercisable immediately.
( 4 )These options vest in accordance with the following schedule: 658 vest on May 1, 2018; 659 vest on May 1, 2019; and 660 vest on May 1, 2020.
( 5 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 6 )These restricted stock units vest in accordance with the following schedule: 268 vest on May 1, 2018; 269 vest on May 1, 2019; and 270 vest on May 1, 2020.
( 7 )These options vest in accordance with the following schedule: 470 vest on May 1, 2019; 470 vest on May 1, 2020; and 471 vest on May 1, 2021.
( 8 )These restricted stock units vest in accordance with the following schedule: 200 vest on May 1, 2019; 201 vest on May 1, 2020; and 201 vest on May 1, 2021.
( 9 )These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.
( 10 )These restricted stock units vest in accordance with the following schedule: 182 vest on May 1, 2020; 182 vest on May 1, 2021; and 182 vest on May 1, 2022.

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