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SBA COMMUNICATIONS CORP Director's Dealing 2016

May 17, 2016

30276_dirs_2016-05-16_3a220ddf-26ef-49df-876d-e6084d819af2.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: 2016-05-12

Reporting Person: Krouse George R Jr (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-12 Class A Common Stock M 249 Acquired 8220 Direct
2016-05-12 Class A Common Stock F 88 $101.67 Disposed 8132 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2016-05-12 Restricted Stock Units $ M 249 Disposed Class A Common Stock (249) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Right to Buy) $28.86 2019-10-28 Class A Common Stock (5000) 5000 Direct
Stock Options (Right to Buy) $32.81 2017-05-06 Class A Common Stock (681) 681 Direct
Stock Options (Right to Buy) $37.76 2018-05-04 Class A Common Stock (1343) 1343 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

Footnotes

F1: On May 12, 2016, 249 of the Reporting Person's restricted stock units were settled for an equal number of Class A Common Stock.

F2: Shares withheld for tax liability.

F3: These options are immediately exercisable.

F4: 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.

F5: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F6: 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.

F7: 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.

F8: 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.