Thomas P Hunt Form 4 SBA COMMUNICATIONS / THOMAS P HUNT ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

HUNT THOMAS P

(Last)

(First)

(Middle)

C/O SBA COMMUNICATIONS CORPORATION

8051 CONGRESS AVENUE

(Street)

BOCA RATON

33487

(City)

(State)

(Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/04/2018		M		1,975	A	⁽¹⁾	184,358	D
Class A Common Stock	03/05/2018		M		1,612	A	⁽²⁾	185,970	D
Class A Common Stock	03/06/2018		M		1,853	A	⁽³⁾	187,823	D
Class A Common Stock	03/06/2018		M		1,758	A	⁽⁴⁾	189,581	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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
Stock Options (Right to Buy)	$95.53							⁽⁵⁾	03/06/2021	Class A Common Stock	73,062		73,062	D
Restricted Stock Units	⁽⁶⁾	03/06/2018		M			1,853	⁽⁷⁾	⁽⁷⁾	Class A Common Stock	1,853	⁽³⁾	0	D
Stock Options (Right to Buy)	$124.59							⁽⁸⁾	03/05/2022	Class A Common Stock	64,435		64,435	D
Restricted Stock Units	⁽⁶⁾	03/05/2018		M			1,612	⁽⁹⁾	⁽⁹⁾	Class A Common Stock	1,612	⁽²⁾	1,613	D
Stock Options (Right to Buy)	$96.58							⁽¹⁰⁾	03/04/2023	Class A Common Stock	80,832		80,832	D
Restricted Stock Units	⁽⁶⁾	03/04/2018		M			1,975	⁽¹¹⁾	⁽¹¹⁾	Class A Common Stock	1,975	⁽¹⁾	3,951	D
Stock Options (Right to Buy)	$115.17							⁽¹²⁾	03/06/2024	Class A Common Stock	68,540		68,540	D
Restricted Stock Units	⁽⁶⁾	03/06/2018		M			1,758	⁽¹³⁾	⁽¹³⁾	Class A Common Stock	1,758	⁽⁴⁾	5,277	D
Stock Options (Right to Buy)	$156.5	03/06/2018		A		54,074		⁽¹⁴⁾	03/06/2025	Class A Common Stock	54,074	$0.00	54,074	D
Restricted Stock Units	⁽⁶⁾	03/06/2018		A		5,636		⁽¹⁵⁾	⁽¹⁵⁾	Class A Common Stock	5,636	$0.00	5,636	D

Explanation of Responses:

1. On March 4, 2018, 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, 2018, 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, 2018, 1,853 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, 2018, 1,758 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: 1,853 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).

8. 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).

9. 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).

10. 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).

11. 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).

12. 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).

13. 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).

14. These options vest in accordance with the following schedule: 13,518 vest on each of the first and the third anniversaries of the grant date, and 13,519 vest on each of the second and the fourth anniversaries of the grant date (March 6, 2018).

15. These restricted stock units vest in accordance with the following schedule: 1,409 vest on each of the first through fourth anniversaries of the grant date (March 6, 2018).

Remarks:

	/s/ Thomas P. Hunt	03/06/2018
	** Signature of Reporting Person	Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Thomas P Hunt Form 4SBA COMMUNICATIONS / THOMAS P HUNT ownership change