SEC Info - Bagwell Kurt L - ‘4’ for 2/1/05 re: Sba Communications Corp.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BAGWELL KURT L

(Last)

(First)

(Middle)

5900 BROKEN SOUND PARKWAY, NW

(Street)

BOCA RATON

33487

(City)

(State)

(Zip)

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)
Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
2/1/05

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Options (Right to buy)	$0.05							⁽¹⁾	1/25/11	Class A Common Stock	10,000		10,000	D
Employee Stock Options (Right to buy)	$8							⁽²⁾	1/25/11	Class A Common Stock	27,500		27,500	D
Employee Stock Options (Right to buy)	$0.05							⁽³⁾	7/1/11	Class A Common Stock	1,065		1,065	D
Employee Stock Options (Right to buy)	$8							⁽⁴⁾	12/19/07	Class A Common Stock	13,334		13,334	D
Employee Stock Options (Right to buy)	$8							⁽⁵⁾	1/7/12	Class A Common Stock	53,334		53,334	D
Employee Stock Options (Right to buy)	$2.1							⁽⁶⁾	5/14/13	Class A Common Stock	130,000		130,000	D
Employee Stock Options (Right to buy)	$4.25							⁽⁷⁾	2/11/14	Class A Common Stock	85,000		85,000	D
Employee Stock Options (Right to buy)	$8.56	2/1/05		A		82,000		⁽⁸⁾	2/1/15	Class A Common Stock	82,000	$0	82,000	D

Explanation of Responses:

(1) These options vest in accordance with the following schedule: 1,666 vest on each of the first and second anniversaries of the grant date and 1,667 vest on each of the third through sixth anniversaries of the grant date.

(2) These options vest in accordance with the following schedule: 10,000 vest on each of the six, eighteen, thirty and forty-two month anniversaries of the grant date.

(3) These options vest in accordance with the following schedule: 266 vest on each of the first through third anniversaries of the grant date and 267 vest on the fourth anniversary of the grant date.

(4) These options vest in accordance with the following schedule: 3,333 vest on each of the six and eighteen month anniversaries of the grant date and 3,304 vest on each of the thirty and forty-two month anniversaries of the grant date.

(5) These options vest in accordance with the following schedule: 13,333 vest on each of the six and eighteen month anniversaries of the grant date and 13,334 vest on each of the thirty and forty-two month anniversaries of the grant date.

(6) These options vest in accordance with the following schedule: 32,500 vest on each of the first through fourth anniversaries of the grant date.

(7) These options vest in accordance with the following schedule: 21,250 vest on each of the first through fourth anniversaries of the grant date.

(8) These options vest in accordance with the following schedule: 20,500 vest on each of the first through fourth anniversaries of the grant date.

	/s/ Kurt L. Bagwell	2/3/05
	** 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 Number.

____________ Transaction Code:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).

Bagwell Kurt L – ‘4’ for 2/1/05 re: Sba Communications Corp.

On: Thursday, 2/3/05, at 6:01pm ET · For: 2/1/05 · As: Officer · Accession #: 1181431-5-6988 · File #: 0-30110

Previous ‘4’: ‘4’ on 12/7/04 for 12/3/04 · Next: ‘4’ on 11/18/05 for 11/17/05 · Latest: ‘4’ on 3/11/22 for 3/9/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Bagwell Kurt L – ‘4’ for 2/1/05 re: Sba Communications Corp.

On: Thursday, 2/3/05, at 6:01pm ET · For: 2/1/05 · As: Officer · Accession #: 1181431-5-6988 · File #: 0-30110

Previous ‘4’: ‘4’ on 12/7/04 for 12/3/04 · Next: ‘4’ on 11/18/05 for 11/17/05 · Latest: ‘4’ on 3/11/22 for 3/9/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents