SBA COMMUNICATIONS CORP — Director's Dealing 2020

Jan 31, 2020

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: SBA COMMUNICATIONS CORP (SBAC)
CIK: 0001034054
Period of Report: 2019-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-27	Class A Common Stock	G	104	$0.00	Disposed	0	Indirect
2019-09-27	Class A Common Stock	G	26	$0.00	Acquired	26	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	79634	Direct

Footnotes

F1: Reflects the transfer of 22,061 shares from the Reporting Person's grantor retained annuity trust.

F2: The Reporting Person gifted an aggregate of 104 shares to four different trusts, each of which is for the benefit of one of the Reporting Person's children. Each received 26 shares. The transfer of the shares was an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.

F3: The trust is for the benefit of one of the Reporting Person's children.