SBA COMMUNICATIONS CORP — Director's Dealing 2018

Nov 20, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2018-11-16

Reporting Person: Cavanagh Brendan Thomas (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-16	Class A Common Stock	M	28999	$47.52	Acquired	81810	Direct
2018-11-16	Class A Common Stock	M	45829	$72.99	Acquired	127639	Direct
2018-11-16	Class A Common Stock	M	51842	$95.53	Acquired	179481	Direct
2018-11-16	Class A Common Stock	S	139138	$172.11	Disposed	40343	Direct
2018-11-16	Class A Common Stock	S	879	$173.10	Disposed	39464	Direct
2018-11-19	Class A Common Stock	M	8746	$95.53	Acquired	48210	Direct
2018-11-19	Class A Common Stock	M	1370	$72.99	Acquired	49580	Direct
2018-11-19	Class A Common Stock	F	1163	$172.02	Disposed	48417	Direct
2018-11-19	Class A Common Stock	S	5404	$172.67	Disposed	43013	Direct
2018-11-19	Class A Common Stock	S	2296	$173.46	Disposed	40717	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-16	Stock Options (Right to Buy)	$47.52	M	28999	Disposed	2019-03-06	Class A Common Stock (28999)	Direct
2018-11-16	Stock Options (Right to Buy)	$72.99	M	45829	Disposed	2020-03-06	Class A Common Stock (45829)	Direct
2018-11-19	Stock Options (Right to Buy)	$72.99	M	1370	Disposed	2020-03-06	Class A Common Stock (1370)	Direct
2018-11-16	Stock Options (Right to Buy)	$95.53	M	51842	Disposed	2021-03-06	Class A Common Stock (51842)	Direct
2018-11-19	Stock Options (Right to Buy)	$95.53	M	8746	Disposed	2021-03-06	Class A Common Stock (8746)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (54411)	54411	Direct
Restricted Stock Units	$		Class A Common Stock (1362)	1362	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (68258)	68258	Direct
Restricted Stock Units	$		Class A Common Stock (3336)	3336	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common (60163)	60163	Direct
Restricted Stock Units	$		Class A Common Stock (4632)	4632	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (50212)	50212	Direct
Restricted Stock Units	$		Class A Common Stock (5234)	5234	Direct

Footnotes

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $172.00 to $172.96 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F2: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $173.00 to $173.23 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F3: Represents shares used to pay option exercise price.

F4: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $172.26 to $173.20 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F5: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $173.22 to $173.71 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F6: These options are immediately exercisable.

F7: These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).

F8: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F9: These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).

F10: These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).

F11: These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).

F12: These options vest in accordance with the following schedule: 15,040 vest on the first anniversary of the grant date and 15,041 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F13: These restricted stock units vest in accordance with the following schedule: 1,543 vest on the first anniversary of the grant date and 1,544 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F14: These options vest in accordance with the following schedule: 12,553 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).

F15: These restricted stock units vest in accordance with the following schedule: 1,308 vest on each of the first and the third anniversaries of the grant date, and 1,309 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).