<SEC-DOCUMENT>0001209191-21-052315.txt : 20210818
<SEC-HEADER>0001209191-21-052315.hdr.sgml : 20210818
<ACCEPTANCE-DATETIME>20210818180450
ACCESSION NUMBER:		0001209191-21-052315
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210816
FILED AS OF DATE:		20210818
DATE AS OF CHANGE:		20210818

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STOOPS JEFFREY
		CENTRAL INDEX KEY:			0001106860

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16853
		FILM NUMBER:		211187710

	MAIL ADDRESS:	
		STREET 1:		SBA COMMUNICATIONS CORP
		STREET 2:		ONE TOWN CENTER ROAD THIRD FLOOR
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33486

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SBA COMMUNICATIONS CORP
		CENTRAL INDEX KEY:			0001034054
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				650716501
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		8051 CONGRESS AVENUE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33487
		BUSINESS PHONE:		5612269345

	MAIL ADDRESS:	
		STREET 1:		8051 CONGRESS AVENUE
		CITY:			BOCA RATON
		STATE:			FL
		ZIP:			33487
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
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        <issuerName>SBA COMMUNICATIONS CORP</issuerName>
        <issuerTradingSymbol>SBAC</issuerTradingSymbol>
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            <rptOwnerStreet1>C/O SBA COMMUNICATIONS CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>8051 CONGRESS AVENUE</rptOwnerStreet2>
            <rptOwnerCity>BOCA RATON</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer &amp; Pres</officerTitle>
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    <nonDerivativeTable>
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        <nonDerivativeTransaction>
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                <value>Class A Common Stock</value>
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                <transactionPricePerShare>
                    <value>354.64</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>189573</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeHolding>
            <securityTitle>
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                    <value>113668</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>By LLC</value>
                    <footnoteId id="F5"/>
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        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Common Stock</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>259863</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                    <value>By Limited Partnership</value>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
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            <securityTitle>
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            </securityTitle>
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                <footnoteId id="F7"/>
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            <expirationDate>
                <value>2023-03-04</value>
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            </underlyingSecurity>
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            </securityTitle>
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            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F7"/>
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            <expirationDate>
                <value>2024-03-06</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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            <exerciseDate>
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            <expirationDate>
                <value>2025-03-06</value>
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            <underlyingSecurity>
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                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>137601</value>
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            <postTransactionAmounts>
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                </sharesOwnedFollowingTransaction>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>3586</value>
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            <underlyingSecurity>
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                <underlyingSecurityShares>
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                <underlyingSecurityShares>
                    <value>6975</value>
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                <sharesOwnedFollowingTransaction>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
                    <value>6512</value>
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                <sharesOwnedFollowingTransaction>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                <underlyingSecurityShares>
                    <value>9768</value>
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                <sharesOwnedFollowingTransaction>
                    <value>9768</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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                <value>Performance Restricted Stock Units</value>
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            <expirationDate>
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            <underlyingSecurity>
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                <underlyingSecurityShares>
                    <value>9768</value>
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                <sharesOwnedFollowingTransaction>
                    <value>9768</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
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            <conversionOrExercisePrice>
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            <exerciseDate>
                <footnoteId id="F18"/>
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            <expirationDate>
                <footnoteId id="F18"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10118</value>
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                <sharesOwnedFollowingTransaction>
                    <value>10118</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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            <securityTitle>
                <value>Performance Restricted Stock Units</value>
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            <conversionOrExercisePrice>
                <footnoteId id="F14"/>
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            <exerciseDate>
                <footnoteId id="F19"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F19"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
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                <underlyingSecurityShares>
                    <value>10118</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>10118</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Performance Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F14"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F20"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F20"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10118</value>
                </underlyingSecurityShares>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10118</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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    <footnotes>
        <footnote id="F1">The Reporting Person gifted these shares to a non-profit foundation of which the Reporting Person serves as the President and one of the two directors in an exempt transaction pursuant to Rule 16b-5 of the Exchange Act.</footnote>
        <footnote id="F2">Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $351.63 to $352.62 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F3">Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $352.63 to $353.58 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F4">Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $353.63 to $354.57 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F5">These shares are owned by Calculated Risk Holdings, LLC, a Delaware limited liability company (&quot;CRLLC&quot;). The Reporting Person and his spouse control the manager of CRLLC. The Reporting Person disclaims beneficial ownership of the stock owned by CRLLC except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F6">These shares are owned by Calculated Risk Partners, L.P., a Delaware limited partnership (&quot;CRLP&quot;). 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.</footnote>
        <footnote id="F7">These options are immediately exercisable.</footnote>
        <footnote id="F8">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).</footnote>
        <footnote id="F9">Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F10">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).</footnote>
        <footnote id="F11">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).</footnote>
        <footnote id="F12">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).</footnote>
        <footnote id="F13">These restricted stock units vest in accordance with the following schedule: 3,256 vest on each of the first through third anniversaries of the grant date (February 25, 2020).</footnote>
        <footnote id="F14">Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F15">These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.</footnote>
        <footnote id="F16">These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on February 25, 2023, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.</footnote>
        <footnote id="F17">Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.</footnote>
        <footnote id="F18">These restricted stock units vest in accordance with the following schedule: 3,372 vest on the first anniversary of the grant date and 3,373 vest on each of the second and third anniversaries of the grant date (March 4, 2021).</footnote>
        <footnote id="F19">These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.</footnote>
        <footnote id="F20">These performance restricted stock units have a three-year performance period and to the extent earned will vest 100% on March 4, 2024, which is the third anniversary of the grant date. The number of shares of Class A Common Stock that will be earned at the end of the three-year performance period is subject to increase or decrease based on the results of the performance condition.</footnote>
    </footnotes>

    <remarks>The Reporting Person no longer has beneficial ownership over the securities held by the four different trusts, each for the benefit of one of the Reporting Person's four children, or by the irrevocable family trust for the benefit of the Reporting Person's current and future descendants, for which beneficial ownership was previously reported.</remarks>

    <ownerSignature>
        <signatureName>/s/ Thomas P. Hunt, Attorney-in-Fact</signatureName>
        <signatureDate>2021-08-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
