XNAS:SBAC SBA Communications Corp Insider Activity 4 Filing - 7/3/2012

Effective Date 7/3/2012

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
STOOPS JEFFREY
  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
(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY, NW
3. Date of Earliest Transaction (Month/Day/Year)
07/03/2012
(Street)

BOCA RATON, FL 33487
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 07/03/2012   M   100,000 A $19.1 296,972 D  
Class A Common Stock               4,500 I By Trust(1)
Class A Common Stock               4,500 I By Trust(1)
Class A Common Stock               4,500 I By Trust(1)
Class A Common Stock               3,350 I By Trust(1)
Class A Common Stock               569,863 I By Limited Partnership(2)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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) $19.1 07/03/2012   M     100,000   (3) 01/19/2016 Class A Common Stock 100,000 $ 0 37,265 D  
Stock Options (Right to Buy) $28.54               (3) 02/26/2014 Class A Common Stock 138,997   138,997 D  
Stock Options (Right to Buy) $32.39               (3) 02/28/2015 Class A Common Stock 146,913   146,913 D  
Stock Options (Right to Buy) $19.68               (4) 03/05/2016 Class A Common Stock 194,604   194,604 D  
Stock Options (Right to Buy) $35.71               (5) 03/04/2017 Class A Common Stock 84,598   84,598 D  
Restricted Stock Units (6)               (7)   (7) Class A Common Stock 9,654   9,654 D  
Stock Options (Right to Buy) $42.15               (8) 03/04/2018 Class A Common Stock 97,483   97,483 D  
Restricted Stock Units (6)               (9)   (9) Class A Common Stock 16,827   16,827 D  
Stock Options (Right to Buy) $47.52               (10) 03/06/2019 Class A Common Stock 106,450   106,450 D  
Restricted Stock Units (6)               (11)   (11) Class A Common Stock 23,541   23,541 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY, NW
BOCA RATON, FL 33487
  X     Chief Executive Officer & Pres  

Signatures

 /s/ Joshua M. Koenig, Attorney-in-Fact   07/06/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Each of the four different trusts is for the benefit of one of the reporting person's four children.
(2) 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.
(3) These options are immediately exercisable.
(4) These options vest in accordance with the following schedule: 48,651 vest on each of the first through the third anniversaries of the grant date and 48,652 vest on the fourth anniversary of the grant date (March 5, 2009).
(5) 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).
(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: 4,827 vest on each of the first through the fourth anniversaries of the grant date (March 4, 2010).
(8) 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).
(9) 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).
(10) 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).
(11) 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:SBAC SBA Communications Corp Insider Activity 4 Filling

SBA Communications Corp XNAS:SBAC Stock - Get Insider Activity SEC Filing of SBA Communications Corp XNAS:SBAC stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNAS:SBAC SBA Communications Corp Insider Activity 4 Filing - 7/3/2012
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