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
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(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)
Senior Vice President & CFO
(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW		 3. Date of Earliest Transaction (Month/Day/Year)
03/04/2012
(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 03/04/2012   M   1,621 A (1) 21,816 D  
Class A Common Stock 03/04/2012   M   1,702 A (2) 23,518 D  
Class A Common Stock 03/04/2012   F   1,212 (3) D $ 47.1 22,306 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 8.56               (4) 02/01/2015 Class A Common Stock 4,474   4,474 D  
Stock Options (Right to Buy) $ 19.1               (4) 01/19/2016 Class A Common Stock 35,000   35,000 D  
Stock Options (Right to Buy) $ 28.54               (4) 02/26/2014 Class A Common Stock 35,000   35,000 D  
Stock Options (Right to Buy) $ 32.39               (4) 02/28/2015 Class A Common Stock 40,000   40,000 D  
Stock Options (Right to Buy) $ 19.68               (5) 03/05/2016 Class A Common Stock 61,628   61,628 D  
Stock Options (Right to Buy) $ 35.71               (6) 03/04/2017 Class A Common Stock 28,409   28,409 D  
Restricted Stock Units (7) 03/04/2012   M     1,621   (8)   (8) Class A Common Stock 1,621 (1) 3,242 D  
Stock Options (Right to Buy) $ 42.15               (9) 03/04/2018 Class A Common Stock 29,593   29,593 D  
Restricted Stock Units (7) 03/04/2012   M     1,702   (10)   (10) Class A Common Stock 1,702 (2) 5,108 D  
Stock Options (Right to Buy) $ 47.52 03/06/2012   A   31,103     (11) 03/06/2019 Class A Common Stock 31,103 $ 0 31,103 D  
Restricted Stock Units (7) 03/06/2012   A   6,878     (12)   (12) Class A Common Stock 6,878 $ 0 6,878 D  

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   03/06/2012
**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) 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.
(2) 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.
(3) Shares withheld for payment of tax liability.
(4) These options are immediately exercisable.
(5) 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).
(6) 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).
(7) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(8) 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).
(9) 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).
(10) 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).
(11) 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).
(12) 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).

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