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SBA COMMUNICATIONS CORP Director's Dealing 2016

Sep 20, 2016

30276_dirs_2016-09-19_7f780a64-8943-43bc-b9ad-75fd207e380b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2016-09-15

Reporting Person: COCROFT DUNCAN (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-09-15 Class A Common Stock P 500 $109.14 Acquired 82805 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Right to Buy) $32.81 2017-05-06 Class A Common Stock (2042) 2042 Direct
Stock Options (Right to Buy) $37.76 2018-05-04 Class A Common Stock (2015) 2015 Direct
Stock Options (Right to Buy) $50.35 2019-05-17 Class A Common Stock (1643) 1643 Direct
Stock Options (Right to Buy) $79.67 2020-05-09 Class A Common Stock (1999) 1999 Direct
Stock Options (Right to Buy) $96.80 2021-05-08 Class A Common Stock (2202) 2202 Direct
Restricted Stock Units $ Class A Common Stock (303) 303 Direct
Stock Options (Right to Buy) $113.55 2022-05-21 Class A Common Stock (1899) 1899 Direct
Restricted Stock Units $ Class A Common Stock (498) 498 Direct
Stock Options (Right to Buy) $100.00 2023-05-13 Class A Common Stock (2308) 2308 Direct
Restricted Stock Units $ Class A Common Stock (907) 907 Direct

Footnotes

F1: The total reflects an addition of 180 shares from the Reporting Person's most recent filing on Form 4 to correct a transposition error made in the Form 4 filed on December 3, 2015.

F2: These options are exercisable immediately.

F3: These options vest in accordance with the following schedule: 734 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 734 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 734 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.

F4: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F5: These restricted stock units vest in accordance with the following schedule: 303 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 303 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 303 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.

F6: These options vest in accordance with the following schedule: 633 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 633 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 633 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.

F7: These restricted stock units vest in accordance with the following schedule: 249 vest on the earlier of May 21, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; 249 vest on the earlier of May 21, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; and 249 vest on the earlier of May 21, 2018 or the day immediately prior to the 2018 annual meeting of shareholders.

F8: These options vest in accordance with the following schedule: 769 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 769 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 770 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.

F9: These restricted stock units vest in accordance with the following schedule: 302 vest on the earlier of May 13, 2017 or the day immediately prior to the 2017 annual meeting of shareholders; 302 vest on the earlier of May 13, 2018 or the day immediately prior to the 2018 annual meeting of shareholders; and 303 vest on the earlier of May 13, 2019 or the day immediately prior to the 2019 annual meeting of shareholders.