SBA COMMUNICATIONS CORP — Director's Dealing 2019

Mar 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2019-03-07

Reporting Person: Ciarfella Mark R (EVP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-07	Class A Common Stock	M	6225	$96.58	Acquired	22488	Direct
2019-03-07	Class A Common Stock	M	8377	$115.17	Acquired	30865	Direct
2019-03-07	Class A Common Stock	S	14602	$183.16	Disposed	16263	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-07	Stock Options (Right to Buy)	$96.58	M	6225	Disposed	2023-03-04	Class A Common Stock (6225)	Direct
2019-03-07	Stock Options (Right to Buy)	$115.17	M	8377	Disposed	2024-03-06	Class A Common Stock (8377)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Class A Common Stock (944)	944	Direct
Restricted Stock Units	$		Class A Common Stock (1720)	1720	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (27037)	27037	Direct
Restricted Stock Units	$		Class A Common Stock (2114)	2114	Direct
Stock Options (Right to Buy)	$182.30	2026-03-06	Class A Common Stock (29796)	29796	Direct
Restricted Stock Units	$		Class A Common Stock (2771)	2771	Direct

Footnotes

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $183.00 to $183.55 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 vest in accordance with the following schedule: 9,655 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).

F3: Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

F4: These restricted stock units vest in accordance with the following schedule: 943 vest on the first anniversary of the grant date and 944 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).

F5: These options vest in accordance with the following schedule: 8,377 vest on each of the first through fourth anniversaries of the grant date (March 6, 2017).

F6: These restricted stock units vest in accordance with the following schedule: 859 vest on the first anniversary of the grant date and 860 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017).

F7: These options vest in accordance with the following schedule: 6,759 vest on each of the first through third anniversaries of the grant date and 6,760 vest on the fourth anniversary of the grant date (March 6, 2018).

F8: These restricted stock units vest in accordance with the following schedule: 704 vest on each of the first and the third anniversaries of the grant date and 705 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).

F9: These options vest in accordance with the following schedule: 7,449 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).

F10: These restricted stock units vest in accordance with the following schedule: 692 vest on first anniversary of the grant date and 693 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).