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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HUNT THOMAS P
2. Issuer Name and Ticker or Trading Symbol

SBA COMMUNICATIONS CORP [ SBAC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive VP/General Counsel
(Last)          (First)          (Middle)

C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

2/24/2020
(Street)

BOCA RATON, FL 33487
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 2/24/2020  M  62448 A$72.99 223785 D  
Class A Common Stock 2/24/2020  M  73062 A$95.53 296847 D  
Class A Common Stock 2/24/2020  F  75807 (1)D$295.65 221040 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) $72.99 2/24/2020  M     62448   (2)3/6/2020 Class A Common Stock 62448 $0.00 0 D  
Stock Options (Right to Buy) $95.53 2/24/2020  M     73062   (2)3/6/2021 Class A Common Stock 73062 $0.00 0 D  
Stock Options (Right to Buy) $124.59            (2)3/5/2022 Class A Common Stock 64435  64435 D  
Stock Options (Right to Buy) $96.58            (3)3/4/2023 Class A Common Stock 80832  80832 D  
Restricted Stock Units  (4)           (5) (5)Class A Common Stock 1976  1976 D  
Stock Options (Right to Buy) $115.17            (6)3/6/2024 Class A Common Stock 68540  68540 D  
Restricted Stock Units  (4)           (7) (7)Class A Common Stock 3518  3518 D  
Stock Options (Right to Buy) $156.50            (8)3/6/2025 Class A Common Stock 54074  54074 D  
Restricted Stock Units  (4)           (9) (9)Class A Common Stock 4227  4227 D  
Stock Options (Right to Buy) $182.30            (10)3/6/2026 Class A Common Stock 58781  58781 D  
Restricted Stock Units  (4)           (11) (11)Class A Common Stock 5467  5467 D  

Explanation of Responses:
(1) Shares withheld for payment of tax liability and option exercise price.
(2) These options are immediately exercisable.
(3) 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).
(4) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(5) 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).
(6) 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).
(7) 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).
(8) 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).
(9) 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).
(10) These options vest in accordance with the following schedule: 14,695 vest on each of the first through third anniversaries of the grant date and 14,696 vest on the fourth anniversary of the grant date (March 6, 2019).
(11) These restricted stock units vest in accordance with the following schedule: 1,366 vest on the first anniversary of the grant date and 1,367 vest on each of the second through fourth anniversaries of the grant date (March 6, 2019).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
HUNT THOMAS P
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON, FL 33487


Executive VP/General Counsel

Signatures
/s/ Thomas P. Hunt2/26/2020
**Signature of Reporting PersonDate

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