Sec Form 4 Filing - HUNT THOMAS P @ SBA COMMUNICATIONS CORP - 2017-03-04

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 HUNT THOMAS P 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) Executive VP/General Counsel (Last) (First) (Middle) C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 03/04/2017 (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 03/04/2017 M 1,975 A 135,726 D Class A Common Stock 03/05/2017 M 1,612 A 137,338 D Class A Common Stock 03/06/2017 M 2,045 A 139,383 D Class A Common Stock 03/06/2017 M 1,853 A 141,236 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) $ 42.15 ( 5 ) 03/04/2018 Class A Common Stock 41,147 41,147 D Stock Options (Right to Buy) $ 47.52 ( 5 ) 03/06/2019 Class A Common Stock 44,908 44,908 D Stock Options (Right to Buy) $ 72.99 ( 5 ) 03/06/2020 Class A Common Stock 62,448 62,448 D Restricted Stock Units ( 6 ) 03/06/2017 M 2,045 ( 7 ) ( 7 ) Class A Common Stock 2,045 ( 3 ) 0 D Stock Options (Right to Buy) $ 95.53 ( 8 ) 03/06/2021 Class A Common Stock 73,062 73,062 D Restricted Stock Units ( 6 ) 03/06/2017 M 1,853 ( 9 ) ( 9 ) Class A Common Stock 1,853 ( 4 ) 1,853 D Stock Options (Right to Buy) $ 124.59 ( 10 ) 03/05/2022 Class A Common Stock 64,435 64,435 D Restricted Stock Units ( 6 ) 03/05/2017 M 1,612 ( 11 ) ( 11 ) Class A Common Stock 1,612 ( 2 ) 3,225 D Stock Options (Right to Buy) $ 96.58 ( 12 ) 03/04/2023 Class A Common Stock 80,832 80,832 D Restricted Stock Units ( 6 ) 03/04/2017 M 1,975 ( 13 ) ( 13 ) Class A Common Stock 1,975 ( 1 ) 5,926 D Stock Options (Right to Buy) $ 115.17 03/06/2017 A 68,540 ( 14 ) 03/06/2024 Class A Common Stock 68,540 $ 0 68,540 D Restricted Stock Units ( 6 ) 03/06/2017 A 7,035 ( 15 ) ( 15 ) Class A Common Stock 7,035 $ 0 7,035 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other HUNT THOMAS P C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON, FL33487 Executive VP/General Counsel Signatures /s/ Thomas P. Hunt 03/07/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On March 4, 2017, 1,975 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. ( 2 )On March 5, 2017, 1,612 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. ( 3 )On March 6, 2017, 2,045 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. ( 4 )On March 6, 2017, 1,853 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. ( 5 )These options are immediately exercisable. ( 6 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. ( 7 )These restricted stock units vest in accordance with the following schedule: 2,044 vest on each of the first through the third anniversaries of the grant date and 2,045 vest on the fourth anniversary of the grant date (March 6, 2013). ( 8 )These options vest in accordance with the following schedule: 18,265 vest on each of the first and the third anniversary of the grant date and 18,266 vest on each of the second and the fourth anniversary of the grant date (March 6, 2014). ( 9 )These restricted stock units vest in accordance with the following schedule: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014). ( 10 )These options vest in accordance with the following schedule: 16,108 vest on the first anniversary of the grant date and 16,109 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015). ( 11 )These restricted stock units vest in accordance with the following schedule: 1,612 vest on each of the first through third anniversaries of the grant date and 1,613 vest on the fourth anniversary of the grant date (March 5, 2015). ( 12 )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). ( 13 )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). ( 14 )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). ( 15 )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).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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