Ownership Submission
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
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 (Month/Day/Year)
09/08/2016
(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 09/08/2016   M   25,609 A $ 35.71 44,762 D  
Class A Common Stock 09/08/2016   F   10,675 (1) D $ 118.47 34,087 D  
Class A Common Stock 09/08/2016   M   2,800 A $ 35.71 36,887 D  
Class A Common Stock 09/08/2016   F   844 (2) D $ 118.47 36,043 D  
Class A Common Stock 09/08/2016   M   2,372 A $ 42.15 38,415 D  
Class A Common Stock 09/08/2016   F   844 (2) D $ 118.47 37,571 D  
Class A Common Stock 09/08/2016   M   2,104 A $ 47.52 39,675 D  
Class A Common Stock 09/08/2016   F   844 (2) D $ 118.47 38,831 D  

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) $ 35.71 09/08/2016   M     28,409   (3) 03/04/2017 Class A Common Stock 28,409 $ 0 0 D  
Stock Options (Right to Buy) $ 42.15 09/08/2016   M     2,372   (3) 03/04/2018 Class A Common Stock 2,372 $ 0 27,221 D  
Stock Options (Right to Buy) $ 47.52 09/08/2016   M     2,104   (3) 03/06/2019 Class A Common Stock 2,104 $ 0 28,999 D  
Stock Options (Right to Buy) $ 72.99               (4) 03/06/2020 Class A Common Stock 47,199   47,199 D  
Restricted Stock Units (5)               (6)   (6) Class A Common Stock 1,545   1,545 D  
Stock Options (Right to Buy) $ 95.53               (7) 03/06/2021 Class A Common Stock 60,588   60,588 D  
Restricted Stock Units (5)               (8)   (8) Class A Common Stock 3,073   3,073 D  
Stock Options (Right to Buy) $ 124.59               (9) 03/05/2022 Class A Common Stock 54,411   54,411 D  
Restricted Stock Units (5)               (10)   (10) Class A Common Stock 4,085   4,085 D  
Stock Options (Right to Buy) $ 96.58               (11) 03/04/2023 Class A Common Stock 68,258   68,258 D  
Restricted Stock Units (5)               (12)   (12) Class A Common Stock 6,672   6,672 D  

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   09/12/2016
**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) 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).

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.