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 * 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, 8051 CONGRESS AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)
8/16/2021
(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  6/16/2021    G(1)   V 16000  D $0.00  226851  D   
Class A Common Stock  8/16/2021    S    11026  D $352.23 (2) 215825  D   
Class A Common Stock  8/16/2021    S    6137  D $352.87 (3) 209688  D   
Class A Common Stock  8/16/2021    S    20082  D $354.02 (4) 189606  D   
Class A Common Stock  8/16/2021    S    33  D $354.64  189573  D   
Class A Common Stock                 113668  I  By LLC (5)
Class A Common Stock                 259863  I  By Limited Partnership (6)

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)  $96.58                   (7) 3/4/2023  Class A Common Stock  201614    201614  D   
Stock Options (Right to Buy)  $115.17                   (7) 3/6/2024  Class A Common Stock  173635    173635  D   
Stock Options (Right to Buy)  $156.50                   (8) 3/6/2025  Class A Common Stock  137601    137601  D   
Restricted Stock Units   (9)                  (10)  (10) Class A Common Stock  3586    3586  D   
Stock Options (Right to Buy)  $182.30                   (11) 3/6/2026  Class A Common Stock  149446    149446  D   
Restricted Stock Units   (9)                  (12)  (12) Class A Common Stock  6975    6975  D   
Restricted Stock Units   (9)                  (13)  (13) Class A Common Stock  6512    6512  D   
Performance Restricted Stock Units   (14)                  (15)  (15) Class A Common Stock  9768    9768  D   
Performance Restricted Stock Units   (14)                  (16)  (16) Class A Common Stock  9768    9768  D   
Restricted Stock Units   (17)                  (18)  (18) Class A Common Stock  10118    10118  D   
Performance Restricted Stock Units   (14)                  (19)  (19) Class A Common Stock  10118    10118  D   
Performance Restricted Stock Units   (14)                  (20)  (20) Class A Common Stock  10118    10118  D   

Explanation of Responses:
(1)  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.
(2)  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.
(3)  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.
(4)  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.
(5)  These shares are owned by Calculated Risk Holdings, LLC, a Delaware limited liability company ("CRLLC"). 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.
(6)  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.
(7)  These options are immediately exercisable.
(8)  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).
(9)  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(10)  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).
(11)  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).
(12)  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).
(13)  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).
(14)  Each performance restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(15)  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.
(16)  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.
(17)  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(18)  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).
(19)  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.
(20)  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.

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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
STOOPS JEFFREY
C/O SBA COMMUNICATIONS CORPORATION
8051 CONGRESS AVENUE
BOCA RATON, FL 33487
X
Chief Executive Officer & Pres

Signatures
/s/ Thomas P. Hunt, Attorney-in-Fact 8/18/2021
**Signature of Reporting Person Date
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