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)
Senior Vice President & CFO
(Last)          (First)          (Middle)

C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW
3. Date of Earliest Transaction (MM/DD/YYYY)

9/16/2013
(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   9/16/2013     M    40000   A $32.39   46628   (1) D    
Class A Common Stock   9/16/2013     M    61628   A $19.68   108256   D    
Class A Common Stock   9/16/2013     S    101628   D $77.04   (2) 6628   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)   $32.39   9/16/2013     M         40000      (3) 2/28/2015   Class A Common Stock   40000   $0   0   D    
Stock Options (Right to Buy)   $19.68   9/16/2013     M         61628      (3) 3/5/2016   Class A Common Stock   61628   $0   0   D    
Stock Options (Right to Buy)   $35.71                      (4) 3/4/2017   Class A Common Stock   28409     28409   D    
Restricted Stock Units     (5)                    (6)   (6) Class A Common Stock   1621     1621   D    
Stock Options (Right to Buy)   $42.15                      (7) 3/4/2018   Class A Common Stock   29593     29593   D    
Restricted Stock Units     (5)                    (8)   (8) Class A Common Stock   3405     3405   D    
Stock Options (Right to Buy)   $47.52                      (9) 3/6/2019   Class A Common Stock   31103     31103   D    
Restricted Stock Units     (5)                    (10)   (10) Class A Common Stock   5159     5159   D    
Stock Options (Right to Buy)   $72.99                      (11) 3/6/2020   Class A Common Stock   47199     47199   D    
Restricted Stock Units     (5)                    (12)   (12) Class A Common Stock   6180     6180   D    

Explanation of Responses:
( 1)  Includes 330 shares acquired on May 31, 2013 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
( 2)  Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $76.79 to $77.16 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)  These options are immediately exercisable.
( 4)  These options vest in accordance with the following schedule: 7,102 vest on each of the first through the third anniversaries of the grant date and 7,103 vest on the fourth anniversary of the grant date (March 4, 2010).
( 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: 1,621 vest on each of the first through fourth anniversaries of the grant date (March 4, 2010).
( 7)  These options vest in accordance with the following schedule: 7,398 vest on each of the first through third anniversaries of the grant date and 7,399 vest on the fourth anniversary of the grant date (March 4, 2011).
( 8)  These restricted stock units vest in accordance with the following schedule: 1,702 vest on each of the first and third anniversary of the grant date and 1,703 vest on each of the second and fourth anniversary of the grant date (March 4, 2011).
( 9)  These options vest in accordance with the following schedule: 7,775 vest on the first anniversary of the grant date and 7,776 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
( 10)  These restricted stock units vest in accordance with the following schedule: 1,719 vest on each of the first and third anniversary of the grant date and 1,720 vest on each of the second and fourth anniversary of the grant date (March 6, 2012).
( 11)  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).
( 12)  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).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cavanagh Brendan Thomas
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY NW
BOCA RATON, FL 33487


Senior Vice President & CFO

Signatures
/s/ Joshua M. Koenig, Attorney-in-Fact 9/18/2013
** 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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