SBA COMMUNICATIONS CORP — Director's Dealing 2018

Nov 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2018-11-05

Reporting Person: SILBERSTEIN JASON V (EVP - Site Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-05	Class A Common Stock	M	11785	$95.53	Acquired	28659	Direct
2018-11-05	Class A Common Stock	S	19785	$165.13	Disposed	8874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-05	Stock Options (Right to Buy)	$95.53	M	11785	Disposed	2021-03-06	Class A Common Stock (11785)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (46965)	46965	Direct
Restricted Stock Units	$		Class A Common Stock (1176)	1176	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (58918)	58918	Direct
Restricted Stock Units	$		Class A Common Stock (2880)	2880	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (50262)	50262	Direct
Restricted Stock Units	$		Class A Common Stock (3870)	3870	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (40556)	40556	Direct
Restricted Stock Units	$		Class A Common Stock (4227)	4227	Direct

Footnotes

F1: The sale occurred pursuant to an existing Rule 10b5-1 plan adopted by the Reporting Person.

F2: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $165.00 to $165.43 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: These options are immediately exercisable.

F4: These options vest in accordance with the following schedule: 11,741 vest on each of the first through third anniversaries of the grant date and 11,742 vest on the fourth anniversary of the grant date (March 5, 2015).

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: 1,175 vest on each of the first through third anniversaries of the grant date and 1,176 vest on the fourth anniversary of the grant date (March 5, 2015).

F7: These options vest in accordance with the following schedule: 14,729 vest on each of the first and the third anniversary of the grant date and 14,730 vest on each of the second and the fourth anniversary of the grant date (March 4, 2016).

F8: These restricted stock units vest in accordance with the following schedule: 1,439 vest on the first anniversary of the grant date and 1,440 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).

F9: These options vest in accordance with the following schedule: 12,565 vest on each of the first and the second anniversary of the grant date and 12,566 vest on each of the third and the fourth anniversary of the grant date (March 6, 2017).

F10: These restricted stock units vest in accordance with the following schedule: 1,289 vest on the first anniversary of the grant date and 1,290 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F11: These options vest in accordance with the following schedule: 10,139 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).

F12: These restricted stock units vest in accordance with the following schedule: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).