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 *

Cavanagh Brendan Thomas 		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 Vice President & CFO
(Last)          (First)          (Middle)

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

9/8/2016
(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   9/8/2016     M    25609   A $35.71   44762   D    
Class A Common Stock   9/8/2016     F    10675   (1) D $118.47   34087   D    
Class A Common Stock   9/8/2016     M    2800   A $35.71   36887   D    
Class A Common Stock   9/8/2016     F    844   (2) D $118.47   36043   D    
Class A Common Stock   9/8/2016     M    2372   A $42.15   38415   D    
Class A Common Stock   9/8/2016     F    844   (2) D $118.47   37571   D    
Class A Common Stock   9/8/2016     M    2104   A $47.52   39675   D    
Class A Common Stock   9/8/2016     F    844   (2) D $118.47   38831   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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy)   $35.71   9/8/2016     M         28409      (3) 3/4/2017   Class A Common Stock   28409   $0.00   0   D    
Stock Options (Right to Buy)   $42.15   9/8/2016     M         2372      (3) 3/4/2018   Class A Common Stock   2372   $0.00   27221   D    
Stock Options (Right to Buy)   $47.52   9/8/2016     M         2104      (3) 3/6/2019   Class A Common Stock   2104   $0.00   28999   D    
Stock Options (Right to Buy)   $72.99                      (4) 3/6/2020   Class A Common Stock   47199     47199   D    
Restricted Stock Units     (5)                    (6)   (6) Class A Common Stock   1545     1545   D    
Stock Options (Right to Buy)   $95.53                      (7) 3/6/2021   Class A Common Stock   60588     60588   D    
Restricted Stock Units     (5)                    (8)   (8) Class A Common Stock   3073     3073   D    
Stock Options (Right to Buy)   $124.59                      (9) 3/5/2022   Class A Common Stock   54411     54411   D    
Restricted Stock Units     (5)                    (10)   (10) Class A Common Stock   4085     4085   D    
Stock Options (Right to Buy)   $96.58                      (11) 3/4/2023   Class A Common Stock   68258     68258   D    
Restricted Stock Units     (5)                    (12)   (12) Class A Common Stock   6672     6672   D    

Explanation of Responses:
( 1)  Shares withheld to cover the exercise price and for payment of tax liability.
( 2)  Represents shares delivered to the Company to cover the exercise price.
( 3)  These options are immediately exercisable.
( 4)  These options vest in accordance with the following schedule: 11,799 vest on the first anniversary of the grant date and 11,800 vest on each of the second through fourth anniversaries of the grant date (March 6, 2013).
( 5)  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 6)  These restricted stock units vest in accordance with the following schedule: 1,545 vest on each of the first through fourth anniversaries of the grant date (March 6, 2013).
( 7)  These options vest in accordance with the following schedule: 15,147 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
( 8)  These restricted stock units vest in accordance with the following schedule: 1,536 vest on each of the first and third anniversary of the grant date and 1,537 vest on each of the second and fourth anniversary of the grant date (March 6, 2014).
( 9)  These options vest in accordance with the following schedule: 13,602 vest on the first anniversary of the grant date and 13,603 vest on each of the second through fourth anniversaries of the grant date (March 5, 2015).
( 10)  These restricted stock units vest in accordance with the following schedule: 1,361 vest on each of the first and third anniversary of the grant date and 1,362 vest on each of the second and fourth anniversary of the grant date (March 5, 2015).
( 11)  These options vest in accordance with the following schedule: 17,064 vest on each of the first and third anniversary of the grant date and 17,065 vest on each of the second and fourth anniversary of the grant date (March 4, 2016).
( 12)  These restricted stock units vest in accordance with the following schedule: 1,668 vest on each of the first through fourth anniversaries of the grant date (March 4, 2016).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cavanagh Brendan Thomas
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON, FL 33487

Executive Vice President & CFO

Signatures
/s/ Brendan T. Cavanagh 9/12/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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