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: STOOPS JEFFREY (Director, Chief Executive Officer & Pres)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-04	Class A Common Stock	G	1975	$0.00	Disposed	252902	Direct
2019-11-18	Class A Common Stock	G	1515	$0.00	Disposed	251387	Direct
2019-12-18	Class A Common Stock	G	26721	$0.00	Disposed	224666	Direct
2019-11-18	Class A Common Stock	G	1515	$0.00	Acquired	151515	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	259863	Indirect
Class A Common Stock	5675	Indirect
Class A Common Stock	5425	Indirect
Class A Common Stock	5175	Indirect
Class A Common Stock	3950	Indirect

Footnotes

F1: The Reporting Person gifted these shares to a non-profit organization in an exempt transaction pursuant to Rule 16b-5 under the Exchange Act.

F2: This amount includes 28,506 net shares that the Reporting Person received in connection with the exercise of stock options previously reported on a Form 4 dated January 16, 2020.

F3: The Reporting Person gifted these shares to a non-profit foundation of which the Reporting Person serves as the President and one of the two directors in an exempt transaction pursuant to Rule 16b-5 under the Exchange Act.

F4: These shares were previously held by Calculated Risk Partners, LP and were transferred to Calculated Risk SBA Holdings, LLC. The transfer of shares was exempt from reporting pursuant to Rule 16a-13 under the Exchange Act.

F5: These shares are owned by Calculated Risk SBA Holdings, LLC, a Delaware limited liability company ("CRLLC"). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.

F6: Reflects the transfer of 150,000 shares from Calculated Risk Partners, LP to Calculated Risk SBA Holdings, LLC. The transfer of shares was exempt from reporting pursuant to Rule 16a-13 under the Exchange Act.

F7: These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership ("CRLP"). The Reporting Person and his spouse control the general partner of CRLP. The Reporting Person disclaims beneficial ownership of the stock owned by CRLP except to the extent of his pecuniary interest therein.

F8: Each of the four different trusts is for the benefit of one of the Reporting Person's four children.