SBA COMMUNICATIONS CORP — Director's Dealing 2014

Jan 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2014-01-28

Reporting Person: HUNT THOMAS P (Executive VP/General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-28	Class A Common Stock	M	3503	$28.54	Acquired	13649	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-28	Stock Options (Right to Buy)	$28.54	M	3503	Disposed	2014-02-26	Class A Common Stock (3503)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$19.1	2016-01-19	Class A Common Stock (49765)	49765	Direct
Stock Options (Right to Buy)	$32.39	2015-02-28	Class A Common Stock (65000)	65000	Direct
Stock Options (Right to Buy)	$19.68	2016-03-05	Class A Common Stock (84332)	84332	Direct
Stock Options (Right to Buy)	$35.71	2017-03-04	Class A Common Stock (39142)	39142	Direct
Restricted Stock Units	$		Class A Common Stock (2234)	2234	Direct
Stock Options (Right to Buy)	$42.15	2018-03-04	Class A Common Stock (43519)	43519	Direct
Restricted Stock Units	$		Class A Common Stock (5008)	5008	Direct
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (44908)	44908	Direct
Restricted Stock Units	$		Class A Common Stock (7449)	7449	Direct
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (62448)	62448	Direct
Restricted Stock Units	$		Class A Common Stock (8177)	8177	Direct

Footnotes

F1: These options are immediately exercisable.

F2: These options vest in accordance with the following schedule: 9,785 vest on each of the first and the third anniversary of the grant date and 9,786 vest on each of the second and the fourth anniversary of the grant date (March 4, 2010).

F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F4: These restricted stock units vest in accordance with the following schedule: 2,233 vest on each of the first through the third anniversaries of the grant date and 2,234 vest on the fourth anniversary of the grant date (March 4, 2010).

F5: These options vest in accordance with the following schedule: 10,879 vest on the first anniversary of the grant date and 10,880 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).

F6: These restricted stock units vest in accordance with the following schedule: 2,504 vest on each of the first through fourth anniversaries of the grant date (March 4, 2011).

F7: These options vest in accordance with the following schedule: 11,227 vest on each of the first through fourth anniversaries of the grant date (March 6, 2012).

F8: These restricted stock units vest in accordance with the following schedule: 2,482 vest on the first anniversary of the grant date and 2,483 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).

F9: These options vest in accordance with the following schedule: 15,612 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).

F10: These restricted stock units vest in accordance with the following schedule: 2,044 vest on each of the first through the third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).