SBA COMMUNICATIONS CORP — Director's Dealing 2015

Feb 13, 2015

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2014-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-01-05	Class A Common Stock	G	500	$0.00	Disposed	330419	Direct
2015-01-05	Class A Common Stock	G	250	$0.00	Acquired	5425	Indirect
2015-01-05	Class A Common Stock	G	250	$0.00	Acquired	5425	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	5175	Indirect
Class A Common Stock	3950	Indirect
Class A Common Stock	539863	Indirect

Footnotes

F1: On January 5, 2015, the Reporting Person gifted an aggregate of 500 shares to two different trusts, each of which is for the benefit of one of the Reporting Person's children. Each trust received 250 shares. The transfer of the shares was an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.

F2: Each of the four different trusts is for the benefit of one of the Reporting Person's children.

F3: These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("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.