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: HUNT THOMAS P (Executive VP/General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-04	Class A Common Stock	M	1975	—	Acquired	184358	Direct
2018-03-05	Class A Common Stock	M	1612	—	Acquired	185970	Direct
2018-03-06	Class A Common Stock	M	1853	—	Acquired	187823	Direct
2018-03-06	Class A Common Stock	M	1758	—	Acquired	189581	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-06	Restricted Stock Units	$	M	1853	Disposed		Class A Common Stock (1853)	Direct
2018-03-05	Restricted Stock Units	$	M	1612	Disposed		Class A Common Stock (1612)	Direct
2018-03-04	Restricted Stock Units	$	M	1975	Disposed		Class A Common Stock (1975)	Direct
2018-03-06	Restricted Stock Units	$	M	1758	Disposed		Class A Common Stock (1758)	Direct
2018-03-06	Stock Options (Right to Buy)	$156.50	A	54074	Acquired	2025-03-06	Class A Common Stock (54074)	Direct
2018-03-06	Restricted Stock Units	$	A	5636	Acquired		Class A Common Stock (5636)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (44908)	44908	Direct
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (62448)	62448	Direct
Stock Options (Right to Buy)	$95.53	2021-03-06	Class A Common Stock (73062)	73062	Direct
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (64435)	64435	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (80832)	80832	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (68540)	68540	Direct

Footnotes

F1: On March 4, 2018, 1,975 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F2: On March 5, 2018, 1,612 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F3: On March 6, 2018, 1,853 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, 1,758 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F5: These options are immediately exercisable.

F6: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F7: 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).

F8: 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).

F9: 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).

F10: 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).

F11: 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).

F12: These options vest in accordance with the following schedule: 17,135 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).

F13: These restricted stock units vest in accordance with the following schedule: 1,758 vest on the first anniversary of the grant date and 1,759 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: 13,518 vest on each of the first and the third anniversaries of the grant date, and
13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).

F15: These restricted stock units vest in accordance with the following schedule: 1,409 vest on each of the first through fourth anniversaries of the
grant date (March 6, 2018).