SBA COMMUNICATIONS CORP — Director's Dealing 2018

Mar 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2018-03-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-04	Class A Common Stock	M	680	—	Acquired	12987	Direct
2018-03-04	Class A Common Stock	F	231	$152.91	Disposed	12756	Direct
2018-03-05	Class A Common Stock	M	537	—	Acquired	13293	Direct
2018-03-05	Class A Common Stock	F	205	$152.91	Disposed	13088	Direct
2018-03-06	Class A Common Stock	M	548	—	Acquired	13636	Direct
2018-03-06	Class A Common Stock	M	644	—	Acquired	14280	Direct
2018-03-06	Class A Common Stock	F	411	$156.68	Disposed	13869	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-06	Restricted Stock Units	$	M	548	Disposed		Class A Common Stock (548)	Direct
2018-03-05	Restricted Stock Units	$	M	537	Disposed		Class A Common Stock (537)	Direct
2018-03-04	Restricted Stock Units	$	M	680	Disposed		Class A Common Stock (680)	Direct
2018-03-06	Restricted Stock Units	$	M	644	Disposed		Class A Common Stock (644)	Direct
2018-03-06	Stock Options (Right to Buy)	$156.50	A	21243	Acquired	2025-03-06	Class A Common Stock (21243)	Direct
2018-03-06	Restricted Stock Units	$	A	2214	Acquired		Class A Common Stock (2214)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (2104)	2104	Direct
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (15875)	15875	Direct
Stock Options (Right to Buy)	$95.53	2021-03-06	Class A Common Stock (21607)	21607	Direct
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (21478)	21478	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (27842)	27842	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (25131)	25131	Direct

Footnotes

F1: On March 4, 2018, 680 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F2: Shares withheld for payment of tax liability.

F3: On March 5, 2018, 537 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F4: On March 6, 2018, 548 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F5: On March 6, 2018, 644 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F6: These options are immediately exercisable.

F7: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F8: These restricted stock units vest in accordance with the following schedule: 548 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: 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).

F10: 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).

F11: 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).

F12: 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).

F13: 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).

F14: 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).

F15: 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).

F16: 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).