X0306 4 2018-09-14 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001175022 BAGWELL KURT L C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 EVP; Pres. - International Class A Common Stock 32966 D Class A Common Stock 2018-09-14 4 S 0 5 160.50 D 68497 I By GRAT Stock Options (Right to Buy) 124.59 2022-03-05 Class A Common Stock 64435 64435 D Restricted Stock Units Class A Common Stock 1613 1613 D Stock Options (Right to Buy) 96.58 2023-03-04 Class A Common Stock 80832 80832 D Restricted Stock Units Class A Common Stock 3951 3951 D Stock Options (Right to Buy) 115.17 2024-03-06 Class A Common Stock 68540 68540 D Restricted Stock Units Class A Common Stock 5277 5277 D Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 54074 54074 D Restricted Stock Units Class A Common Stock 5636 5636 D 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). 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: 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). 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). 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). 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). 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). 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). 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). /s/ Thomas P. Hunt, Attorney-in-Fact 2018-09-18