X0306 4 2019-08-16 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001444362 Lazarus Brian D C/O SBA COMMUNICATIONS CORPORATION 8051 CONGRESS AVENUE BOCA RATON FL 33487 0 1 0 0 SVP & Chief Accounting Officer Class A Common Stock 2019-08-16 4 M 0 1466 124.59 A 17829 D Class A Common Stock 2019-08-16 4 S 0 1466 261.00 D 16363 D Class A Common Stock 2019-08-19 4 M 0 19210 124.59 A 35573 D Class A Common Stock 2019-08-19 4 S 0 19210 261.00 D 16363 D Stock Options (Right to Buy) 124.59 2019-08-16 4 M 0 1466 0.00 D 2022-03-05 Class A Common Stock 1466 19210 D Stock Options (Right to Buy) 124.59 2019-08-19 4 M 0 19210 0.00 D 2022-03-05 Class A Common Stock 19210 0 D Stock Options (Right to Buy) 96.58 2023-03-04 Class A Common Stock 27842 27842 D Restricted Stock Units Class A Common Stock 681 681 D Stock Options (Right to Buy) 115.17 2024-03-06 Class A Common Stock 25131 25131 D Restricted Stock Units Class A Common Stock 1290 1290 D Stock Options (Right to Buy) 156.50 2025-03-06 Class A Common Stock 21243 21243 D Restricted Stock Units Class A Common Stock 1661 1661 D Stock Options (Right to Buy) 182.30 2026-03-06 Class A Common Stock 23512 23512 D Restricted Stock Units Class A Common Stock 2186 2186 D These options are immediately exercisable. These options vest in accordance with the following schedule: 6,960 vest on each of the first and third anniversaries of the grant date and 6,961 vest on each of the second and fourth anniversaries of the grant date (March 4, 2016). 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: 680 vest on each of the first through third anniversaries of the grant date and 681 vest on the fourth anniversary of the grant date (March 4, 2016). These options vest in accordance with the following schedule: 6,282 vest on the first anniversary of the grant date and 6,283 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: 644 vest on the first anniversary of the grant date and 645 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: 5,310 vest on the first anniversary of the grant date and 5,311 vest on each of the second through fourth anniversaries of the grant date (March 6, 2018). These restricted stock units vest in accordance with the following schedule: 553 vest on each of the first and third anniversaries of the grant date and 554 vest on each of the second and fourth anniversaries of the grant date (March 6, 2018). These options vest in accordance with the following schedule: 5,878 vest on each of the first through fourth anniversaries of the grant date (March 6, 2019). These restricted stock units vest in accordance with the following schedule: 546 vest on each of the first and third anniversaries of the grant date and 547 vest on each of the second and fourth anniversaries of the grant date (March 6, 2019). /s/ Thomas P. Hunt, Attorney-in-Fact 2019-08-20