SBA COMMUNICATIONS CORP — Director's Dealing 2018

Mar 2, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2018-02-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-27	Class A Common Stock	M	27221	$42.15	Acquired	60576	Direct
2018-02-27	Class A Common Stock	F	13874	$172.73	Disposed	46702	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-27	Stock Options (Right to Buy)	$42.15	M	27221	Disposed	2018-03-04	Class A Common Stock (27221)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$47.52	2019-03-06	Class A Common Stock (28999)	28999	Direct
Stock Options (Right to Buy)	$72.99	2020-03-06	Class A Common Stock (47199)	47199	Direct
Stock Options (Right to Buy)	$95.53	2021-03-06	Class A Common Stock (60588)	60588	Direct
Restricted Stock Units	$		Class A Common Stock (1537)	1537	Direct
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (54411)	54411	Direct
Restricted Stock Units	$		Class A Common Stock (2723)	2723	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 (5004)	5004	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common (60163)	60163	Direct
Restricted Stock Units	$		Class A Common Stock (6175)	6175	Direct

Footnotes

F1: Shares withheld to cover the exercise price and for payment of tax liability.

F2: These options are immediately exercisable.

F3: These options vest in accordance with the following schedule: 15,147 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).

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: 1,536 vest on each of the first and third anniversary of the grant date and 1,537 vest on each of the second and fourth anniversary of the grant date (March 6, 2014).

F6: 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).

F7: 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).

F8: 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).

F9: 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).

F10: 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).

F11: 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).