SBA COMMUNICATIONS CORP — Director's Dealing 2016

Mar 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2016-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-01	Class A Common Stock	M	59250	$19.68	Acquired	84245	Direct
2016-03-01	Class A Common Stock	M	2800	$35.71	Acquired	87045	Direct
2016-03-01	Class A Common Stock	M	2372	$42.15	Acquired	89417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-01	Stock Options (Right to Buy)	$19.68	M	59250	Disposed	2016-03-05	Class A Common Stock (59250)	Direct
2016-03-01	Stock Options (Right to Buy)	$35.71	M	2800	Disposed	2017-03-04	Class A Common Stock (2800)	Direct
2016-03-01	Stock Options (Right to Buy)	$42.15	M	2372	Disposed	2018-03-04	Class A Common Stock (2372)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (44908)	44908	Direct
Restricted Stock Units	$		Class A Common Stock (2483)	2483	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 (4089)	4089	Direct
Stock Options (Right to Buy)	$95.53	2021-03-06	Class A Common Stock (73062)	73062	Direct
Restricted Stock Units	$		Class A Common Stock (5559)	5559	Direct
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (64435)	64435	Direct
Restricted Stock Units	$		Class A Common Stock (6449)	6449	Direct

Footnotes

F1: These options are immediately exercisable.

F2: 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).

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: 2,482 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).

F5: 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).

F6: 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).

F7: These options vest in accordance with the following schedule: 18,265 vest on each of the first and the third anniversary of the grant date and 18,266 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014).

F8: These restricted stock units vest in accordance with the following schedule: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).

F9: These options vest in accordance with the following schedule: 16,108 vest on the first anniversary of the grant date and 16,109 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).

F10: These restricted stock units vest in accordance with the following schedule: 1,612 vest on each of the first through third anniversaries of the grant date and 1,613 vest on the fourth anniversary of the grant date (March 5, 2015).