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Filing Details

Accession Number:: 0001181431-12-060923
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-11-28 19:00:33
Reporting Period:: 2012-11-26

Filing Date:: 2012-11-28
Accepted Time:: 2012-11-28 19:00:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1034054	Sba Communications Corp	SBAC	Communications Services, Nec (4899)	650716501

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1106860	Jeffrey Stoops	C/O Sba Communications Corporation 5900 Broken Sound Parkway, Nw Boca Raton FL 33487	Chief Executive Officer & Pres	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2012-09-26	1,000	$0.00	295,972	No	5	G	Direct
Class A Common Stock	Disposition	2012-11-26	64,000	$67.72	231,972	No	4	S	Direct
Class A Common Stock	Disposition	2012-11-26	6,000	$68.26	225,972	No	4	S	Direct
Class A Common Stock	Acquisiton	2012-11-27	37,265	$19.10	263,237	No	4	M	Direct
Class A Common Stock	Acquisiton	2012-11-27	50,000	$28.54	313,237	No	4	M	Direct
Class A Common Stock	Disposition	2012-11-26	50,000	$67.19	519,863	No	4	S	Indirect	By Limited Partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	5	G	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Indirect	By Limited Partnership

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Options (Right to Buy)	Disposition	2012-11-27	37,265	$0.00	37,265	$19.10
Class A Common Stock	Stock Options (Right to Buy)	Disposition	2012-11-27	50,000	$0.00	50,000	$28.54

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-01-19	No	4	M	Direct
88,997		2014-02-26	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	4,500	Indirect	By Trust
Class A Common Stock	4,500	Indirect	By Trust
Class A Common Stock	4,500	Indirect	By Trust
Class A Common Stock	3,350	Indirect	By Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Stock Options (Right to Buy)	$32.39	2015-02-28	146,913	146,913	Direct
Class A Common Stock	Stock Options (Right to Buy)	$19.68	2016-03-05	194,604	194,604	Direct
Class A Common Stock	Stock Options (Right to Buy)	$35.71	2017-03-04	84,598	84,598	Direct
Class A Common Stock	Restricted Stock Units	$0.00		9,654	9,654	Direct
Class A Common Stock	Stock Options (Right to Buy)	$42.15	2018-03-04	97,483	97,483	Direct
Class A Common Stock	Restricted Stock Units	$0.00		16,827	16,827	Direct
Class A Common Stock	Stock Options (Right to Buy)	$47.52	2019-03-06	106,450	106,450	Direct
Class A Common Stock	Restricted Stock Units	$0.00		23,541	23,541	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-02-28	146,913	146,913	Direct
2016-03-05	194,604	194,604	Direct
2017-03-04	84,598	84,598	Direct
	9,654	9,654	Direct
2018-03-04	97,483	97,483	Direct
	16,827	16,827	Direct
2019-03-06	106,450	106,450	Direct
	23,541	23,541	Direct

Footnotes

The reporting person gifted these shares to a 501(c)(3) institution in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $67.14 to $68.13 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.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $68.14 to $68.39 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.
Each of the four different trusts is for the benefit of one of the reporting person's four children.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $67.03 to $67.38 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.
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.
These options are immediately exercisable.
These options vest in accordance with the following schedule: 48,651 vest on each of the first through the third anniversaries of the grant date and 48,652 vest on the fourth anniversary of the grant date (March 5, 2009).
These options vest in accordance with the following schedule: 21,149 vest on each of the first and the third anniversary of the grant date and 21,150 vest on each of the second and the fourth anniversary of the grant date (March 4, 2010).
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
These restricted stock units vest in accordance with the following schedule: 4,827 vest on each of the first through the fourth anniversaries of the grant date (March 4, 2010).
These options vest in accordance with the following schedule: 24,370 vest on the first anniversary of the grant date and 24,371 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
These restricted stock units vest in accordance with the following schedule: 5,608 vest on the first anniversary of the grant date and 5,609 vest on each of the second through fourth anniversaries of the grant date (March 4, 2011).
These options vest in accordance with the following schedule: 26,612 vest on each of the first and the third anniversary of the grant date and 26,613 vest on each of the second and the fourth anniversary of the grant date (March 6, 2012).
These restricted stock units vest in accordance with the following schedule: 5,885 vest on each of the first through third anniversaries of the grant date and 5,886 vest on the fourth anniversary of the grant date (March 6, 2012).