SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
SBA COMMUNICATIONS CORPORATION.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
78388J106
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(CUSIP Number)
July 1, 2002
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 78388J106 13G Page 2 of 10 Pages
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========= ======================================================================
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only)
Gotham Capital V, LLC
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(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
--------- ----------------------------------------------------------------------
(3) SEC Use Only
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(4) Citizenship or Place of Organization
Delaware
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(5) Sole Voting Power
2,230,000
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Number of (6) Shared Voting Power
Shares Beneficially 418,200
Owned ------- --------------------
by Each (7) Sole Dispositive
Reporting Power
Person With 2,230,000
------- --------------------
(8) Shared Dispositive
Power
418,200
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(8) See attached exhibit.
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,648,200
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(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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(11) Percent of Class Represented by Amount in Row (9)
5.9%
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(12) Type of Reporting Person (See Instructions)
OO-Limited Liability Company
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2
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CUSIP No. 78388J106 13G Page 3 of 10 Pages
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(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(entities only)
The Gotham Fund, LP
--------- ----------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [X]
(b) [ ]
--------- ----------------------------------------------------------------------
(3) SEC Use Only
--------- ----------------------------------------------------------------------
(4) Citizenship or Place of Organization
Delaware
--------- ----------------------------------------------------------------------
(5) Sole Voting Power
0
------- --------------------
Number of (6) Shared Voting Power
Shares Beneficially 418,200
Owned ------- --------------------
by Each (7) Sole Dispositive
Reporting Power
Person With 0
------- --------------------
(8) Shared Dispositive
Power
418,200
--------- ----------------------------------------------------------------------
(8) See attached exhibit.
--------- ----------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
418,200
--------- ----------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
--------- ----------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0.93%
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(12) Type of Reporting Person (See Instructions)
PN-Partnership
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3
Item 1(a). Name of Issuer:
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SBA Communications Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
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SBA Communications Corporation
500 Broken Sound Parkway,
Boca Raton,
Florida 33487
Item 2(a). Name of Persons Filing:
----------------------
Gotham Capital V, LLC
The Gotham Fund, LP
Item 2(b). Address of Principal Business Office or, if None, Residence:
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Gotham Capital V, LLC: 520 Madison Avenue,
32nd Floor
New York, NY 10022
The Gotham Fund, LP: 520 Madison Avenue,
32nd Floor
New York, NY 10022
Item 2(c). Citizenship:
-----------
Gotham Capital V, LLC: Delaware
The Gotham Fund, LP: Delaware
Item 2(d). Title of Class of Securities:
----------------------------
Class A Common Stock
Item 2(e). CUSIP Number:
------------
78388J106
Item 3. Filing Category
---------------
4
Not applicable
Item 4(a). Amount Beneficially Owned:
-------------------------
Gotham Capital V, LLC: 2,648,200
The Gotham Fund, LP: 418,200
Item 4(b). Percent of Class:
----------------
Gotham Capital V, LLC: 5.9%
The Gotham Fund, LP: 0.93%
Item 4(c). Number of shares as to which the Reporting Person has:
-----------------------------------------------------
(i) sole power to vote or direct the vote
Gotham Capital V, LLC: 2,230,000
The Gotham Fund, LP s: 0
(ii) shared power to vote or direct the vote
Gotham Capital V, LLC: 418,200
The Gotham Fund, LP: 418,200
(iii) sole power to dispose or to direct the disposition of
Gotham Capital V, LLC: 2,230,000
The Gotham Fund, LP s: 0
(iv) shared power to dispose or to direct the disposition of
Gotham Capital V, LLC: 418,200
The Gotham Fund, LP: 418,200
Item 5. Ownership of Five Percent or Less of a Class
--------------------------------------------
Not applicable
5
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
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Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
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Not applicable
Item 8. Identification and Classification of Members of the Group
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This Schedule 13G is being filed on behalf of Gotham Capital V, LLC
and The Gotham Fund, LP. See Exhibit A attached hereto.
Item 9. Notice of Dissolution of Group
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Not applicable
Item 10. Certifications
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By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and are not
held in connection with or as a participant in any transaction
having that purpose or effect.
6
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 16, 2002
GOTHAM CAPITAL V, LLC
By: /s/ Joel M. Greenblatt
----------------------
Joel M. Greenblatt, Manager
7
SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: July 16, 2002
THE GOTHAM FUND, LP
By: Gotham Asset Management G.P. LLC,
General Partner
By: Gotham Capital V, LLC, Sole Member
By: /s/ Joel M. Greenblatt
----------------------
Joel M. Greenblatt, Manager
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EXHIBIT INDEX
Exhibit Description Page
------- ----------- ----
A Identity of each group member 10
9