X0306 4 2019-03-04 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001106860 STOOPS JEFFREY C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 1 1 0 0 Chief Executive Officer & Pres Class A Common Stock 2019-03-04 4 M 0 4927 A 201214 D Class A Common Stock 2019-03-04 4 F 0 1199 182.11 D 200015 D Class A Common Stock 2019-03-05 4 M 0 4022 A 204037 D Class A Common Stock 2019-03-05 4 F 0 1499 182.48 D 202538 D Class A Common Stock 2019-03-06 4 M 0 4456 A 206994 D Class A Common Stock 2019-03-06 4 M 0 3585 A 210579 D Class A Common Stock 2019-03-06 4 F 0 3165 182.10 D 207414 D Class A Common Stock 409863 I By Limited Partnership Class A Common Stock 5675 I By Trust Class A Common Stock 5425 I By Trust Class A Common Stock 5175 I By Trust Class A Common Stock 3950 I By Trust Stock Options (Right to Buy) 72.99 2020-03-06 Class A Common Stock 143858 143858 D Stock Options (Right to Buy) 95.53 2021-03-06 Class A Common Stock 174483 174483 D Stock Options (Right to Buy) 124.59 2022-03-05 Class A Common Stock 160715 160715 D Restricted Stock Units 2019-03-05 4 M 0 4022 D Class A Common Stock 4022 0 D Stock Options (Right to Buy) 96.58 2023-03-04 Class A Common Stock 201614 201614 D Restricted Stock Units 2019-03-04 4 M 0 4927 D Class A Common Stock 4927 4927 D Stock Options (Right to Buy) 115.17 2024-03-06 Class A Common Stock 173635 173635 D Restricted Stock Units 2019-03-06 4 M 0 4456 D Class A Common Stock 4456 8912 D Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 137601 137601 D Restricted Stock Units 2019-03-06 4 M 0 3585 D Class A Common Stock 3585 10758 D Stock Options (Right to Buy) 182.30 2019-03-06 4 A 0 149994 0.00 A 2026-03-06 Class A Common Stock 149994 149994 D Restricted Stock Units 2019-03-06 4 A 0 13950 0.00 A Class A Common Stock 13950 13950 D On March 4, 2019, 4,927 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. Includes 146 shares acquired on February 28, 2019 pursuant to the SBA Communications Corporation 2018 Employee Stock Purchase Plan. Shares withheld for payment of tax liability. On March 5, 2019, 4,022 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. On March 6, 2019, 4,456 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. On March 6, 2019, 3,585 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. 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. 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: 40,178 vest on the first anniversary of the grant date and 40,179 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015). 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: 4,021 vest on the first anniversary of the grant date and 4,022 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015). These options vest in accordance with the following schedule: 50,403 vest on each of the first and third anniversary of the grant date and 50,404 vest on each of the second and fourth anniversary of the grant date (March 4, 2016). These restricted stock units vest in accordance with the following schedule: 4,926 vest on the first anniversary of the grant date and 4,927 vest on each of the second through fourth anniversaries of the grant date (March 4, 2016). These options vest in accordance with the following schedule: 43,408 vest on the first anniversary of the grant date and 43,409 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017). These restricted stock units vest in accordance with the following schedule: 4,455 vest on the first anniversary of the grant date and 4,456 vest on each of the second through fourth anniversaries of the grant date (March 6, 2017). These options vest in accordance with the following schedule: 34,400 vest on each of the first through third anniversaries of the grant date and 34,401 vest on the fourth anniversary of the grant date (March 6, 2018). These restricted stock units vest in accordance with the following schedule: 3,585 vest on the first anniversary of the grant date and 3,586 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018). These options vest in accordance with the following schedule: 37,498 vest on each of the first and third anniversaries of the grant date and 37,499 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). These restricted stock units vest in accordance with the following schedule: 3,487 vest on each of the first and third anniversaries of the grant date and 3,488 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). /s/ Thomas P. Hunt, Attorney-in-Fact 2019-03-06