SBA COMMUNICATIONS CORP — Director's Dealing 2017

Feb 14, 2017

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2016-12-31

Reporting Person: BAGWELL KURT L (EVP; Pres. - International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-08	Class A Common Stock	M	2104	$47.52	Acquired	93830	Direct
2016-08-08	Class A Common Stock	F	879	$113.86	Disposed	92951	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-08	Stock Options (Right to Buy)	$47.52	M	2104	Disposed	2019-03-06	Class A Common Stock (2104)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (46836)	46836	Direct
Restricted Stock Units	$		Class A Common Stock (2045)	2045	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 (3706)	3706	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 (4837)	4837	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (80832)	80832	Direct
Restricted Stock Units	$		Class A Common Stock (7901)	7901	Direct

Footnotes

F1: This exercise of stock options and related disposition of shares to pay the option exercise price are reported late due to an inadvertent administrative oversight.

F2: Represents shares used to pay option exercise price.

F3: These options are immediately exercisable.

F4: These options vest in accordance with the following schedule: 15,612 vest on each of the first through fourth anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013).

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: 2,044 vest on the first through 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).

F11: These options vest in accordance with the following schedule: 20,208 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).

F12: These restricted stock units vest in accordance with the following schedule: 1,975 vest on each of the first through third anniversaries of the grant date and 1,976 vest on the fourth anniversary of the grant date (March 4, 2016).