BOCA RATON, Fla.-SBA Communications Corp.’s Chairman of the Board of Directors Steven Bernstein plans to trade up to 1.4 million shares of SBA common stock, or 25 percent of his total beneficial ownership in the company, during a period of six months.
SBA said Bernstein is trading the stock to diversify his investment portfolio and to fund other business activities.
SBA stock was trading down about 5 percent, at $3.96 per share, on the announcement.
