SBA COMMUNICATIONS CORP — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2020-02-24

Reporting Person: HUNT THOMAS P (Executive VP/General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-24	Class A Common Stock	M	62448	$72.99	Acquired	223785	Direct
2020-02-24	Class A Common Stock	M	73062	$95.53	Acquired	296847	Direct
2020-02-24	Class A Common Stock	F	75807	$295.65	Disposed	221040	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-24	Stock Options (Right to Buy)	$72.99	M	62448	Disposed	2020-03-06	Class A Common Stock (62448)	Direct
2020-02-24	Stock Options (Right to Buy)	$95.53	M	73062	Disposed	2021-03-06	Class A Common Stock (73062)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to Buy)	$124.59	2022-03-05	Class A Common Stock (64435)	64435	Direct
Stock Options (Right to Buy)	$96.58	2023-03-04	Class A Common Stock (80832)	80832	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 (68540)	68540	Direct
Restricted Stock Units	$		Class A Common Stock (3518)	3518	Direct
Stock Options (Right to Buy)	$156.50	2025-03-06	Class A Common Stock (54074)	54074	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: Shares withheld for payment of tax liability and option exercise 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).