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 *

Lazarus Brian D 		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)
SVP & Chief Accounting Officer
(Last)          (First)          (Middle)

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

3/4/2015
(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   3/4/2015     M    691   A   (1) 5023   (2) D    
Class A Common Stock   3/4/2015     F    189   (3) D $124.87   4834   D    
Class A Common Stock   3/6/2015     M    699   A   (4) 5533   D    
Class A Common Stock   3/6/2015     M    565   A   (5) 6098   D    
Class A Common Stock   3/6/2015     M    548   A   (6) 6646   D    
Class A Common Stock   3/6/2015     F    497   (3) D $124.59   6149   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)   $19.68                      (7) 3/5/2016   Class A Common Stock   892     892   D    
Stock Options (Right to Buy)   $31.09                      (7) 9/12/2015   Class A Common Stock   454     454   D    
Stock Options (Right to Buy)   $35.71                      (7) 3/4/2017   Class A Common Stock   3156     3157   D    
Stock Options (Right to Buy)   $42.15                      (7) 3/4/2018   Class A Common Stock   3003     6006   D    
Restricted Stock Units     (8) 3/4/2015     M         691      (9)   (9) Class A Common Stock   691     (1) 0   D    
Stock Options (Right to Buy)   $47.52                      (10) 3/6/2019   Class A Common Stock   3160     9480   D    
Restricted Stock Units     (8) 3/6/2015     M         699      (11)   (11) Class A Common Stock   699     (4) 699   D    
Stock Options (Right to Buy)   $72.99                      (12) 3/6/2020   Class A Common Stock   17245     17245   D    
Restricted Stock Units     (8) 3/6/2015     M         565      (13)   (13) Class A Common Stock   565     (5) 1129   D    
Stock Options (Right to Buy)   $95.53                      (14) 3/6/2021   Class A Common Stock   21607     21607   D    
Restricted Stock Units     (8) 3/6/2015     M         548      (15)   (15) Class A Common Stock   548     (6) 1644   D    
Stock Options (Right to Buy)   $124.59   3/5/2015     A      21478         (16) 3/5/2022   Class A Common Stock   21478   $0.00   21478   D    
Restricted Stock Units     (8) 3/5/2015     A      2149         (17)   (17) Class A Common Stock   2149   $0.00   2149   D    

Explanation of Responses:
( 1)  On March 4, 2015, 691 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
( 2)  Includes 205 shares acquired on November 30, 2014 pursuant to the SBA Communications Corporation 2008 Employee Stock Purchase Plan.
( 3)  Shares withheld for payment of tax liability.
( 4)  On March 6, 2015, 699 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
( 5)  On March 6, 2015, 565 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
( 6)  On March 6, 2015, 548 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock.
( 7)  These options are immediately exercisable.
( 8)  Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
( 9)  These restricted stock units vest in accordance with the following schedule: 691 vest on each of the first through fourth anniversaries of the grant date (March 4, 2011).
( 10)  These options vest in accordance with the following schedule: 3,160 vest on each of the first through fourth anniversaries of the grant date (March 6, 2012).
( 11)  These restricted stock units vest in accordance with the following schedule: 698 vest on the first anniversary of the grant date and 699 vest on each of the second through fourth anniversaries of the grant date (March 6, 2012).
( 12)  These options vest in accordance with the following schedule: 4,311 vest on each of the first through third anniversaries of the grant date and 4,312 vest on the fourth anniversary of the grant date (March 6, 2013).
( 13)  These restricted stock units vest in accordance with the following schedule: 564 vest on each of the first and third anniversaries of the grant date and 565 vest on each of the second and fourth anniversaries of the grant date (March 6, 2013).
( 14)  These options vest in accordance with the following schedule: 5,401 vest on the first anniversary of the grant date and 5,402 vest on each of the second through fourth anniversaries of the grant date (March 6, 2014).
( 15)  These restricted stock units vest in accordance with the following schedule: 548 vest on each of the first through fourth anniversaries of the grant date (March 6, 2014).
( 16)  These options vest in accordance with the following schedule: 5,369 vest on each of the first and third anniversaries of the grant date and 5,370 vest on each of the second and fourth anniversaries of the grant date (March 5, 2015).
( 17)  These restricted stock units vest in accordance with the following schedule: 537 vest on each of the first through third anniversaries of the grant date and 538 vest on the fourth anniversary of the grant date (March 5, 2015).

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

SVP & Chief Accounting Officer

Signatures
/s/ Joshua M. Koenig 3/6/2015
** 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.
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