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: SILBERSTEIN JASON V (EVP - Site Leasing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-04	Class A Common Stock	M	1440	—	Acquired	10314	Direct
2019-03-04	Class A Common Stock	F	360	$182.11	Disposed	9954	Direct
2019-03-05	Class A Common Stock	M	1176	—	Acquired	11130	Direct
2019-03-05	Class A Common Stock	F	287	$182.48	Disposed	10843	Direct
2019-03-06	Class A Common Stock	M	1290	—	Acquired	12133	Direct
2019-03-06	Class A Common Stock	M	1056	—	Acquired	13189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-05	Restricted Stock Units	$	M	1176	Disposed		Class A Common Stock (1176)	Direct
2019-03-04	Restricted Stock Units	$	M	1440	Disposed		Class A Common Stock (1440)	Direct
2019-03-06	Restricted Stock Units	$	M	1290	Disposed		Class A Common Stock (1290)	Direct
2019-03-06	Restricted Stock Units	$	M	1056	Disposed		Class A Common Stock (1056)	Direct
2019-03-06	Stock Options (Right to Buy)	$182.30	A	44592	Acquired	2026-03-06	Class A Common Stock (44592)	Direct
2019-03-06	Restricted Stock Units	$	A	4147	Acquired		Class A Common Stock (4147)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (46965)	46965	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (58918)	58918	Direct
Stock Options (Right to Buy)	$115.17	2024-03-06	Class A Common Stock (50262)	50262	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (40556)	40556	Direct

Footnotes

F1: On March 4, 2019, 1,440 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, 1,176 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, 1,290 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, 1,056 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: 11,741 vest on each of the first through third anniversaries of the grant date and 11,742 vest on the fourth anniversary 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: 1,175 vest on each of the first through third anniversaries of the grant date and 1,176 vest on the fourth anniversary of the grant date (March 5, 2015).

F9: These options vest in accordance with the following schedule: 14,729 vest on each of the first and the third anniversary of the grant date and 14,730 vest on each of the second and the fourth anniversary of the grant date (March 4, 2016).

F10: These restricted stock units vest in accordance with the following schedule: 1,439 vest on the first anniversary of the grant date and 1,440 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016).

F11: These options vest in accordance with the following schedule: 12,565 vest on each of the first and the second anniversary of the grant date and 12,566 vest on each of the third and the fourth anniversary of the grant date (March 6, 2017).

F12: These restricted stock units vest in accordance with the following schedule: 1,289 vest on the first anniversary of the grant date and 1,290 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: 10,139 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).

F14: These restricted stock units vest in accordance with the following schedule: 1,056 vest on the first anniversary of the grant date and 1,057 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018).

F15: These options vest in accordance with the following schedule: 11,148 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019).

F16: These restricted stock units vest in accordance with the following schedule: 1,036 vest on first anniversary of the grant date and 1,037 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).