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Filing Details

Accession Number:: 0001181431-14-031787
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-09-11 18:37:28
Reporting Period:: 2014-09-09

Filing Date:: 2014-09-11
Accepted Time:: 2014-09-11 18:37:28
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	2014-09-09	27,300	$112.11	542,563	No	4	S	Indirect	By Limited Partnership
Class A Common Stock	Disposition	2014-09-09	2,700	$113.14	539,863	No	4	S	Indirect	By Limited Partnership
Class A Common Stock	Acquisiton	2014-09-10	46,913	$32.39	382,832	No	4	M	Direct
Class A Common Stock	Disposition	2014-09-10	24,913	$112.70	357,919	No	4	F	Direct
Class A Common Stock	Disposition	2014-09-11	27,000	$0.00	330,919	No	4	G	Direct

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

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	2014-09-10	46,913	$0.00	46,913	$32.39

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2015-02-28	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	5,175	Indirect	By Trust
Class A Common Stock	5,175	Indirect	By Trust
Class A Common Stock	5,175	Indirect	By Trust
Class A Common Stock	3,950	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)	$35.71	2017-03-04	81,798	81,798	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		5,609	5,609	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		11,771	11,771	Direct
Class A Common Stock	Stock Options (Right to Buy)	$72.99	2020-03-06	145,228	145,228	Direct
Class A Common Stock	Restricted Stock Units	$0.00		14,263	14,263	Direct
Class A Common Stock	Stock Options (Right to Buy)	$95.53	2021-03-06	175,529	175,529	Direct
Class A Common Stock	Restricted Stock Units	$0.00		17,807	17,807	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-03-04	81,798	81,798	Direct
2018-03-04	97,483	97,483	Direct
	5,609	5,609	Direct
2019-03-06	106,450	106,450	Direct
	11,771	11,771	Direct
2020-03-06	145,228	145,228	Direct
	14,263	14,263	Direct
2021-03-06	175,529	175,529	Direct
	17,807	17,807	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $112.00 to $112.24 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.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $113.10 to $113.32 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.
Shares withheld for payment of tax liability and option exercise price.
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 of the Exchange Act.
Each of the four different trusts is for the benefit of one of the Reporting Person's four children.
These options are immediately exercisable.
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).
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: 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 third anniversaries of the grant date and 26,613 vest on each of the second and fourth anniversaries (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).
These options vest in accordance with the following schedule: 36,307 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
These restricted stock units vest in accordance with the following schedule: 4,754 vest on each of the first through third anniversaries of the grant date and 4,755 vest on the fourth anniversary of the grant date (March 6, 2013).
These options vest in accordance with the following schedule: 43,882 vest on each of the first through third anniversaries of the grant date and 43,883 vest on the fourth anniversary of the grant date (March 6, 2014).
These restricted stock units vest in accordance with the following schedule: 4,451 vest on the first anniversary of the grant date and 4,452 on each of the second through fourth anniversaries of the grant date (March 6, 2014).