SBA COMMUNICATIONS CORP — Director's Dealing 2013

Oct 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2013-10-01

Reporting Person: STOOPS JEFFREY (Director, Chief Executive Officer & Pres)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-03	Class A Common Stock	G	300	—	Disposed	354012	Direct
2013-10-01	Class A Common Stock	M	88997	$28.54	Acquired	443009	Direct
2013-10-01	Class A Common Stock	F	55114	$80.46	Disposed	387895	Direct
2013-07-03	Class A Common Stock	G	300	—	Acquired	3650	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-01	Stock Options (Right to Buy)	$28.54	M	88997	Disposed	2014-02-26	Class A Common Stock (88997)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4875	Indirect
Class A Common Stock	4875	Indirect
Class A Common Stock	4875	Indirect
Class A Common Stock	569863	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$32.39	2015-02-28	Class A Common Stock (146913)	146913	Direct
Stock Options (Right to Buy)	$19.68	2016-03-05	Class A Common Stock (39523)	39523	Direct
Stock Options (Right to Buy)	$35.71	2017-03-04	Class A Common Stock (84598)	84598	Direct
Restricted Stock Units	$		Class A Common Stock (4827)	4827	Direct
Stock Options (Right to Buy)	$42.15	2018-03-04	Class A Common Stock (97483)	97483	Direct
Restricted Stock Units	$		Class A Common Stock (11218)	11218	Direct
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (106450)	106450	Direct
Restricted Stock Units	$		Class A Common Stock (17656)	17656	Direct
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (145228)	145228	Direct
Restricted Stock Units	$		Class A Common Stock (19017)	19017	Direct

Footnotes

F1: On July 3, 2013, the reporting person gifted 300 shares to a trust for the benefit of one of the reporting person's children. The transfer of the shares was an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.

F2: Shares withheld for payment of tax liability and option exercise price.

F3: Each of the four different trusts is for the benefit of one of the Reporting Person's four children.

F4: These shares are owned by 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.

F5: These options are immediately exercisable.

F6: These options vest in accordance with the following schedule: 21,149 vest on each of the first and the third anniversary of the grant date and 21,150 vest on each of the second and the fourth anniversary of the grant date (March 4, 2010).

F7: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F8: These restricted stock units vest in accordance with the following schedule: 4,827 vest on each of the first through the fourth anniversaries of the grant date (March 4, 2010).

F9: These options vest in accordance with the following schedule: 24,370 vest on the first anniversary of the grant date and 24,371 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).

F10: These restricted stock units vest in accordance with the following schedule: 5,608 vest on the first anniversary of the grant date and 5,609 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).

F11: These options vest in accordance with the following schedule: 26,612 vest on each of the first and the third anniversary of the grant date and 26,613 vest on each of the second and the fourth anniversary of the grant date (March 6, 2012).

F12: These restricted stock units vest in accordance with the following schedule: 5,885 vest on each of the first through third anniversaries of the grant date and 5,886 vest on the fourth anniversary of the grant date (March 6, 2012).

F13: These options vest in accordance with the following schedule: 36,307 vest on each of the first through the fourth anniversaries of the grant date (March 6, 2013).

F14: These restricted stock units vest in accordance with the following schedule: 4,754 vest on each of the first through third anniversaries of the grant date and 4,755 vest on the fourth anniversary of the grant date (March 6, 2013).