SBA COMMUNICATIONS CORP — Director's Dealing 2019

Mar 7, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2019-03-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-04	Class A Common Stock	M	1975	—	Acquired	62453	Direct
2019-03-04	Class A Common Stock	F	778	$182.11	Disposed	61675	Direct
2019-03-05	Class A Common Stock	M	1613	—	Acquired	63288	Direct
2019-03-05	Class A Common Stock	F	635	$182.48	Disposed	62653	Direct
2019-03-06	Class A Common Stock	M	1759	—	Acquired	64412	Direct
2019-03-06	Class A Common Stock	M	1409	—	Acquired	65821	Direct
2019-03-06	Class A Common Stock	F	1248	$182.10	Disposed	64573	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-05	Restricted Stock Units	$	M	1613	Disposed		Class A Common Stock (1613)	Direct
2019-03-04	Restricted Stock Units	$	M	1975	Disposed		Class A Common Stock (1975)	Direct
2019-03-06	Restricted Stock Units	$	M	1759	Disposed		Class A Common Stock (1759)	Direct
2019-03-06	Restricted Stock Units	$	M	1409	Disposed		Class A Common Stock (1409)	Direct
2019-03-06	Stock Options (Right to Buy)	$182.30	A	58781	Acquired	2026-03-06	Class A Common Stock (58781)	Direct
2019-03-06	Restricted Stock Units	$	A	5467	Acquired		Class A Common Stock (5467)	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)	$124.59	2022-03-05	Class A Common Stock (16109)	16109	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (40416)	40416	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (51405)	51405	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (54074)	54074	Direct

Footnotes

F1: On March 4, 2019, 1,975 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, 2019, 1,613 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, 2019, 1,759 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, 2019, 1,409 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

F6: 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).

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: 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).

F9: 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).

F10: 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).

F11: 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).

F12: 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).

F13: 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).

F14: 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).

F15: 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).

F16: 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).