Sec Form 4 Filing - Cavanagh Brendan Thomas @ SBA COMMUNICATIONS CORP - 2013-09-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Cavanagh Brendan Thomas
2. Issuer Name and Ticker or Trading Symbol
SBA COMMUNICATIONS CORP [ SBAC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Senior Vice President & CFO
(Last) (First) (Middle)
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW
3. Date of Earliest Transaction (MM/DD/YY)
09/16/2013
(Street)
BOCA RATON, FL33487
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/16/2013 M 40,000 A $ 32.39 46,628 ( 1 ) D
Class A Common Stock 09/16/2013 M 61,628 A $ 19.68 108,256 D
Class A Common Stock 09/16/2013 S 101,628 D $ 77.04 ( 2 ) 6,628 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy) $ 32.39 09/16/2013 M 40,000 ( 3 ) 02/28/2015 Class A Common Stock 40,000 $ 0 0 D
Stock Options (Right to Buy) $ 19.68 09/16/2013 M 61,628 ( 3 ) 03/05/2016 Class A Common Stock 61,628 $ 0 0 D
Stock Options (Right to Buy) $ 35.71 ( 4 ) 03/04/2017 Class A Common Stock 28,409 28,409 D
Restricted Stock Units ( 5 ) ( 6 ) ( 6 ) Class A Common Stock 1,621 1,621 D
Stock Options (Right to Buy) $ 42.15 ( 7 ) 03/04/2018 Class A Common Stock 29,593 29,593 D
Restricted Stock Units ( 5 ) ( 8 ) ( 8 ) Class A Common Stock 3,405 3,405 D
Stock Options (Right to Buy) $ 47.52 ( 9 ) 03/06/2019 Class A Common Stock 31,103 31,103 D
Restricted Stock Units ( 5 ) ( 10 ) ( 10 ) Class A Common Stock 5,159 5,159 D
Stock Options (Right to Buy) $ 72.99 ( 11 ) 03/06/2020 Class A Common Stock 47,199 47,199 D
Restricted Stock Units ( 5 ) ( 12 ) ( 12 ) Class A Common Stock 6,180 6,180 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cavanagh Brendan Thomas
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY NW
BOCA RATON, FL33487
Senior Vice President & CFO
Signatures
/s/ Joshua M. Koenig, Attorney-in-Fact 09/18/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 330 shares acquired on May 31, 2013 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
( 2 )Represents the weighted average price of t he shares sold. The prices of the shares sold pursuant to the transactions ranged from $76.79 to $77.16 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.
( 3 )These options are immediately exercisable.
( 4 )These options vest in accordance with the following schedule: 7,102 vest on each of the first through the third anniversaries of the grant date and 7,103 vest on the fourth anniversary of the grant date (March 4, 2010).
( 5 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 6 )These restricted stock units vest in accordance with the following schedule: 1,621 vest on each of the first through fourth anniversaries of the grant date (March 4, 2010).
( 7 )These options vest in accordance with the following schedule: 7,398 vest on each of the first through third anniversaries of the grant date and 7,399 vest on the fourth anniversary of the grant date (March 4, 2011).
( 8 )These restricted stock units vest in accordance with the following schedule: 1,702 vest on each of the first and third anniversary of the grant date and 1,703 vest on each of the second and fourth anniversary of the grant date (March 4, 2011).
( 9 )These options vest in accordance with the following schedule: 7,775 vest on the first anniversary of the grant date and 7,776 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
( 10 )These restricted stock units vest in accordance with the following schedule: 1,719 vest on each of the first and third anniversary of the grant date and 1,720 vest on each of the second and fourth anniversary of the grant date (March 6, 2012).
( 11 )These options vest in accordance with the following schedule: 11,799 vest on the first anniversary of the grant date and 11,800 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
( 12 )These restricted stock units vest in accordance with the following schedule: 1,545 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).

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