0001181431-12-014939.txt : 20120306 0001181431-12-014939.hdr.sgml : 20120306 20120306191547 ACCESSION NUMBER: 0001181431-12-014939 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120304 FILED AS OF DATE: 20120306 DATE AS OF CHANGE: 20120306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Cavanagh Brendan Thomas CENTRAL INDEX KEY: 0001293293 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-30110 FILM NUMBER: 12672096 MAIL ADDRESS: STREET 1: 5900 BROKEN SOUND PARKWAY, NW CITY: BOCA RATON STATE: FL ZIP: 33487-2797 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SBA COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001034054 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 650716501 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 5619957670 MAIL ADDRESS: STREET 1: ONE TOWN CENTER RD STREET 2: THIRD FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 4 1 rrd337349.xml FORM 4 - OPTION AND RESTRICTED STOCK UNIT GRANT X0304 4 2012-03-04 0 0001034054 SBA COMMUNICATIONS CORP SBAC 0001293293 Cavanagh Brendan Thomas C/O SBA COMMUNICATIONS CORPORATION 5900 BROKEN SOUND PARKWAY NW BOCA RATON FL 33487 0 1 0 0 Senior Vice President & CFO Class A Common Stock 2012-03-04 4 M 0 1621 A 21816 D Class A Common Stock 2012-03-04 4 M 0 1702 A 23518 D Class A Common Stock 2012-03-04 4 F 0 1212 47.10 D 22306 D Stock Options (Right to Buy) 8.56 2015-02-01 Class A Common Stock 4474 4474 D Stock Options (Right to Buy) 19.1 2016-01-19 Class A Common Stock 35000 35000 D Stock Options (Right to Buy) 28.54 2014-02-26 Class A Common Stock 35000 35000 D Stock Options (Right to Buy) 32.39 2015-02-28 Class A Common Stock 40000 40000 D Stock Options (Right to Buy) 19.68 2016-03-05 Class A Common Stock 61628 61628 D Stock Options (Right to Buy) 35.71 2017-03-04 Class A Common Stock 28409 28409 D Restricted Stock Units 2012-03-04 4 M 0 1621 D Class A Common Stock 1621 3242 D Stock Options (Right to Buy) 42.15 2018-03-04 Class A Common Stock 29593 29593 D Restricted Stock Units 2012-03-04 4 M 0 1702 D Class A Common Stock 1702 5108 D Stock Options (Right to Buy) 47.52 2012-03-06 4 A 0 31103 0 A 2019-03-06 Class A Common Stock 31103 31103 D Restricted Stock Units 2012-03-06 4 A 0 6878 0 A Class A Common Stock 6878 6878 D On March 4, 2012, 1,621 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. On March 4, 2012, 1,702 of the Reporting Person's restricted stock units were settled for an equal number of shares of Class A Common Stock. Shares withheld for payment of tax liability. These options are immediately exercisable. These options vest in accordance with the following schedule: 15,407 vest on each of the first through fourth anniversaries of the grant date (March 5, 2009). 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). Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. 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). 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). 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). 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). 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). /s/ Joshua M. Koenig, Attorney-in-Fact 2012-03-06 EX-24.1 2 rrd302426_341128.htm POWER OF ATTORNEY rrd302426_341128.html 
POWER OF ATTORNEY
     Know all by these presents, that the undersigned hereby constitutes and appoints each of Thomas P. Hunt and Joshua M. Koenig, 
signing singly, the undersigned's true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of 
SBA Communications Corporation (the "Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 
and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute 
any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and timely file such form with the United States 
Securities and Exchange Commission and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, 
may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents 
executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall 
contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.
       The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act 
and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, 
as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or 
revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, 
shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned 
acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, 
nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, 
as amended.
       This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file 
Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless 
earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of March, 2011. 

/s/ Brendan Cavanagh
Name: Brendan Cavanagh