SBA COMMUNICATIONS CORP — Director's Dealing 2018

Dec 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2018-12-13

Reporting Person: Lazarus Brian D (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-13	Class A Common Stock	M	12554	$72.99	Acquired	26423	Direct
2018-12-13	Class A Common Stock	S	12554	$173.00	Disposed	13869	Direct
2018-12-14	Class A Common Stock	M	3321	$72.99	Acquired	17190	Direct
2018-12-14	Class A Common Stock	S	3321	$173.00	Disposed	13869	Direct
2018-12-14	Class A Common Stock	M	1046	$95.53	Acquired	14915	Direct
2018-12-14	Class A Common Stock	F	581	$172.22	Disposed	14334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-13	Stock Options (Right to Buy)	$72.99	M	12554	Disposed	2020-03-06	Class A Common Stock (12554)	Direct
2018-12-14	Stock Options (Right to Buy)	$72.99	M	3321	Disposed	2020-03-06	Class A Common Stock (3321)	Direct
2018-12-14	Stock Options (Right to Buy)	$95.53	M	1046	Disposed	2021-03-06	Class A Common Stock (1046)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (21478)	21478	Direct
Restricted Stock Units	$		Class A Common Stock (538)	538	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (27842)	27842	Direct
Restricted Stock Units	$		Class A Common Stock (1361)	1361	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (25131)	25131	Direct
Restricted Stock Units	$		Class A Common Stock (1935)	1935	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (21243)	21243	Direct
Restricted Stock Units	$		Class A Common Stock (2214)	2214	Direct

Footnotes

F1: Represents shares used to pay option exercise price.

F2: These options are immediately exercisable.

F3: These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).

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: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).

F6: These options vest in accordance with the following schedule: 6,960 vest on each of the first and third anniversaries of the grant date and 6,961 vest on each of the second and fourth anniversaries of the grant date (March 4, 2016).

F7: These restricted stock units vest in accordance with the following schedule: 680 vest on each of the first through third anniversaries of the grant date and 681 vest on the fourth anniversary of the grant date (March 4, 2016).

F8: These options vest in accordance with the following schedule: 6,282 vest on the first anniversary of the grant date and 6,283 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F9: These restricted stock units vest in accordance with the following schedule: 644 vest on the first anniversary of the grant date and 645 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F10: These options vest in accordance with the following schedule: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).

F11: These restricted stock units vest in accordance with the following schedule: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018).