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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* STOOPS JEFFREY (Last) (First) (Middle) C/O SBA COMMUNICATIONS CORPORATION 5900 BROKEN SOUND PARKWAY, NW (Street) BOCA RATON FL 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) X Director 10% Owner X Officer (give title below) Other (specify below) Chief Executive Officer & Pres
	3. Date of Earliest Transaction (Month/Day/Year) 03/04/2013
	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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/04/2013		M		4,827	A	(1)	315,292(2)	D
Class A Common Stock	03/04/2013		M		5,609	A	(3)	320,901	D
Class A Common Stock	03/04/2013		F		2,856(4)	D	$71.63	318,045	D
Class A Common Stock	03/06/2013		M		5,885	A	(5)	323,930	D
Class A Common Stock	03/06/2013		F		1,610(4)	D	$73.03	322,320	D
Class A Common Stock								4,875	I	By Trust(6)
Class A Common Stock								4,875	I	By Trust(6)
Class A Common Stock								4,875	I	By Trust(6)
Class A Common Stock								3,350	I	By Trust(6)
Class A Common Stock								519,863	I	By Limited Partnership(7)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$28.54							(8)	02/26/2014	Class A Common Stock	88,997		88,997	D
Stock Options (Right to Buy)	$32.39							(8)	02/28/2015	Class A Common Stock	146,913		146,913	D
Stock Options (Right to Buy)	$19.68							(8)	03/05/2016	Class A Common Stock	194,604		194,604	D
Stock Options (Right to Buy)	$35.71							(9)	03/04/2017	Class A Common Stock	84,598		84,598	D
Restricted Stock Units	(10)	03/04/2013		M			4,827	(11)	(11)	Class A Common Stock	4,827	(1)	4,827	D
Stock Options (Right to Buy)	$42.15							(12)	03/04/2018	Class A Common Stock	97,483		97,483	D
Restricted Stock Units	(10)	03/04/2013		M			5,609	(13)	(13)	Class A Common Stock	5,609	(3)	11,218	D
Stock Options (Right to Buy)	$47.52							(14)	03/06/2019	Class A Common Stock	106,450		106,450	D
Restricted Stock Units	(10)	03/06/2013		M			5,885	(15)	(15)	Class A Common Stock	5,885	(5)	17,656	D
Stock Options (Right to Buy)	$72.99	03/06/2013		A		145,228		(16)	03/06/2020	Class A Common Stock	145,228	$0	145,228	D
Restricted Stock Units	(10)	03/06/2013		A		19,017		(17)	(17)	Class A Common Stock	19,017	$0	19,017	D

Explanation of Responses:

1. On March 4, 2013, 4,827 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

2. Includes 353 shares acquired on February 28, 2013 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.

3. On March 4, 2013, 5,609 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

4. Shares withheld for payment of tax liability.

5. On March 6, 2013, 5,885 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.

6. Each of the four different trusts is for the benefit of one of the reporting person's four children.

7. 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.

8. These options are immediately exercisable.

9. 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).

10. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.

11. 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).

12. 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).

13. 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).

14. 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).

15. 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).

16. These options vest in accordance with the following schedule: 36,307 vest on each of the first through the fourth anniversaries of the grant date (March 6, 2013).

17. 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).

	/s/ Joshua M. Koenig, Attorney-in-Fact	03/06/2013
	** 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).
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