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SBA COMMUNICATIONS CORP Director's Dealing 2020

May 28, 2020

30276_dirs_2020-05-28_8e88595f-1a5f-45e8-855a-9617fd07580a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2020-05-26

Reporting Person: Krouse George R Jr (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2020-05-26 Class A Common Stock M 660 $132.00 Acquired 11082 Direct
2020-05-26 Class A Common Stock S 660 $292.51 Disposed 10422 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2020-05-26 Stock Options (Right to Buy) $132.00 M 660 Disposed 2024-05-18 Class A Common Stock (660) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Stock Options (Right to Buy) $157.51 2025-05-17 Class A Common Stock (1411) 1411 Direct
Restricted Stock Units $ Class A Common Stock (201) 201 Direct
Stock Options (Right to Buy) $212.31 2026-05-16 Class A Common Stock (1501) 1501 Direct
Restricted Stock Units $ Class A Common Stock (365) 365 Direct
Restricted Stock Units $ Class A Common Stock (570) 570 Direct

Footnotes

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $292.48 and $292.65 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: 470 vest on May 1, 2019; 470 vest on May 1, 2020; and 471 vest on May 1, 2021.

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: 200 vest on May 1, 2019; 201 vest on May 1, 2020; and 201 vest on May 1, 2021.

F6: These options vest in accordance with the following schedule: 500 vest on May 1, 2020; 500 vest on May 1, 2021; and 501 vest on May 1, 2022.

F7: These restricted stock units vest in accordance with the following schedule: 181 vest on May 1, 2020; 182 vest on May 1, 2021; and 183 vest on May 1, 2022.

F8: These restricted stock units vest in accordance with the following schedule: 190 vest on May 1, 2021; 190 vest on May 1, 2022; and 190 vest on May 1, 2023.