SBA COMMUNICATIONS CORP — Director's Dealing 2019

Jun 14, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2019-06-12

Reporting Person: BAGWELL KURT L (EVP; Pres. - International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-12	Class A Common Stock	M	802	$124.59	Acquired	58375	Direct
2019-06-12	Class A Common Stock	M	13518	$156.50	Acquired	71893	Direct
2019-06-12	Class A Common Stock	S	14320	$225.53	Disposed	57573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-12	Stock Options (Right to Buy)	$124.59	M	802	Disposed	2022-03-05	Class A Common Stock (802)	Direct
2019-06-12	Stock Options (Right to Buy)	$156.50	M	13518	Disposed	2025-03-06	Class A Common Stock (13518)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	39220	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (20208)	20208	Direct
Restricted Stock Units	$		Class A Common Stock (1976)	1976	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (34270)	34270	Direct
Restricted Stock Units	$		Class A Common Stock (3518)	3518	Direct
Restricted Stock Units	$		Class A Common Stock (4227)	4227	Direct
Stock Options (Right to Buy)	$182.30	2026-03-06	Class A Common Stock (58781)	58781	Direct
Restricted Stock Units	$		Class A Common Stock (5467)	5467	Direct

Footnotes

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $225.50 to $225.85 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: These options are immediately exercisable.

F3: 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).

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: 1,975 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).

F6: 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).

F7: 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).

F8: 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).

F9: 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).

F10: These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).

F11: These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).