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Filing Details

Accession Number:: 0001181431-14-018956
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-05-09 20:40:17
Reporting Period:: 2014-05-07

Filing Date:: 2014-05-09
Accepted Time:: 2014-05-09 20:40:17
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
1253093	Jack Langer	C/O Sba Communications Corporation 5900 Broken Sound Parkway Nw Boca Raton FL 33487		Yes	No	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	Acquisiton	2014-05-07	483	$0.00	32,293	No	4	M	Indirect	By Trust
Class A Common Stock	Disposition	2014-05-07	145	$96.53	32,148	No	4	F	Indirect	By Trust
Class A Common Stock	Disposition	2014-05-09	100	$0.00	32,048	No	5	G	Indirect	By Trust
Class A Common Stock	Disposition	2014-05-09	10,000	$97.12	22,048	No	4	S	Indirect	By Trust
Class A Common Stock	Acquisiton	2014-05-07	347	$0.00	347	No	4	M	Direct
Class A Common Stock	Disposition	2014-05-07	105	$96.53	242	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	By Trust
No	4	F	Indirect	By Trust
No	5	G	Indirect	By Trust
No	4	S	Indirect	By Trust
No	4	M	Direct
No	4	F	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	Restricted Stock Units	Disposition	2014-05-07	483	$0.00	483	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2014-05-07	347	$0.00	347	$0.00
Class A Common Stock	Stock Options (Right to Buy)	Acquisiton	2014-05-08	2,202	$0.00	2,202	$96.80
Class A Common Stock	Restricted Stock Units	Acquisiton	2014-05-08	909	$0.00	909	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
483		No	4	M	Indirect
693		No	4	M	Direct
2,202	2021-05-08	No	4	A	Direct
909		No	4	A	Direct

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)	$32.81	2017-05-06	681	681	Indirect
Class A Common Stock	Stock Options (Right to Buy)	$37.76	2018-05-04	1,343	1,343	Indirect
Class A Common Stock	Stock Options (Right to Buy)	$50.35	2019-05-17	1,643	1,643	Indirect
Class A Common Stock	Stock Options (Right to Buy)	$79.67	2020-05-09	1,999	1,999	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-05-06	681	681	Indirect
2018-05-04	1,343	1,343	Indirect
2019-05-17	1,643	1,643	Indirect
2020-05-09	1,999	1,999	Direct

Footnotes

On May 7, 2014, 830 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
The securities are held by The Jack Langer 2012 Irrevocable Family Trust for estate planning purposes. The trustee of the trust is the reporting person's spouse. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
Shares withheld for payment of tax liability.
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 $97.00 to $97.25 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 options are immediately exercisable.
These options vest in accordance with the following schedule: 548 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 547 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 548 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 annual meeting of shareholders.
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: 483 vest on the earlier of May 17, 2013 or the day immediately prior to the 2013 annual meeting of shareholders; 483 vest on the earlier of May 17, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; and 483 vest on the earlier of May 17, 2015 or the day immediately prior to the 2015 annual meeting of shareholders.
These options vest in accordance with the following schedule: 667 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 666 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 666 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
These restricted stock units vest in accordance with the following schedule: 347 vest on the earlier of May 9, 2014 or the day immediately prior to the 2014 annual meeting of shareholders; 346 vest on the earlier of May 9, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; and 347 vest on the earlier of May 9, 2016 or the day immediately prior to the 2016 annual meeting of shareholders.
These options vest in accordance with the following schedule: 734 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 734 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 734 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.
These restricted stock units vest in accordance with the following schedule: 303 vest on the earlier of May 8, 2015 or the day immediately prior to the 2015 annual meeting of shareholders; 303 vest on the earlier of May 8, 2016 or the day immediately prior to the 2016 annual meeting of shareholders; and 303 vest on the earlier of May 8, 2017 or the day immediately prior to the 2017 annual meeting of shareholders.