SBA Communications

Mr. Stoops has been Chief Executive Officer since January 1, 2002. He was appointed President in April 2000 and has been a director since August 1999. Mr. Stoops served as Chief Financial Officer from December 1998 to April 2000. He joined the company in March 1997, initially responsible for finance, capital market activities, mergers and acquisitions and legal matters of the company. Prior to joining SBA, Mr. Stoops was a partner with Gunster, a Florida-based law firm, where he practiced for thirteen years in the corporate, securities and mergers & acquisitions areas. Mr. Stoops is a past Chairman of the Personal Communications Industry Association (PCIA), the trade organization for the wireless communications infrastructure industry, and currently serves as Chairman of the Board of Trustees of St. Andrew's School, Boca Raton, Florida. He received his Bachelor of Science and Juris Doctor degrees from Florida State University.
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Mr. Bagwell started with SBA in 2001 and became the Chief Operating Officer a year later. His current duties include the day-to-day development and management of the company's growing international operations in Canada and Central America. Mr. Bagwell has over two decades of expertise in the wireless industry, having held various management positions at Centel Cellular, Sprint Cellular and Sprint PCS. In his previous role of Chief Operating Officer at SBA, Mr. Bagwell managed the company's Tower Operations, Services, New Tower Builds and Site Management divisions for eight years. While at Sprint PCS from 1995 through 2001, Mr. Bagwell oversaw the initial build out of the Eastern United States for Sprint PCS, in addition to the expanded build out of over 10,000 other cell sites nationwide. Mr. Bagwell has a Bachelor of Science degree in Administrative Management from Clemson University.

Holdings: 80,889 shares View Transactions
Date	Type	Shares Traded	Price Range
Mar 6, 2013	Sell	11,227	73.76
Mar 6, 2013	Disposition (Non Open Market)	1,052	73.03
Mar 6, 2013	Option Execute	13,709	47.52
Mar 5, 2013	Sell	41,748	72.90
Mar 5, 2013	Option Execute	41,748	19.68 - 42.15
Mar 4, 2013	Disposition (Non Open Market)	2,007	71.63
Mar 4, 2013	Option Execute	4,737	n/a
Nov 8, 2012	Sell	18,200	67.50
May 4, 2012	Disposition (Non Open Market)	4,000	n/a
May 3, 2012	Sell	116,533	54.88
May 3, 2012	Option Execute	116,533	19.68 - 42.15
Mar 4, 2012	Disposition (Non Open Market)	1,727	47.10
Mar 4, 2012	Option Execute	4,737	n/a
Nov 3, 2011	Sell	70,987	40.12
Nov 3, 2011	Option Execute	70,987	19.68 - 28.54
Jul 7, 2011	Automatic Sell	25,629	40.00
Jul 7, 2011	Option Execute	5,096	19.68 - 28.54
Mar 4, 2011	Disposition (Non Open Market)	814	42.00
Mar 4, 2011	Option Execute	2,233	n/a
Dec 10, 2010	Sell	34,800	39.85
Dec 10, 2010	Option Execute	34,833	19.10 - 19.68
Dec 15, 2009	Sell	34,250	33.25
Dec 15, 2009	Option Execute	34,250	8.56 - 19.10
Aug 28, 2008	Sell	28,050	35.01
Aug 28, 2008	Option Execute	55,500	4.25 - 19.10
May 23, 2007	Sell	135,614	31.08 - 31.16
May 23, 2007	Option Execute	188,919	2.10 - 19.10
Jan 25, 2007	Option Execute	1,667	0.05
Jan 25, 2006	Option Execute	1,667	0.05
Nov 17, 2005	Sell	143,981	16.85 - 16.88
Nov 17, 2005	Option Execute	161,481	0.05 - 8.00

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Mr. Cavanagh has served as our Senior Vice President and Chief Financial Officer since September 2008. Mr. Cavanagh joined SBA in 1998 and has held various positions with SBA including serving as Vice President and Chief Accounting Officer from June 2004 to September 2008 and Vice President, Site Administration from January 2003 to June 2004. Prior to joining SBA, Mr. Cavanagh was a senior accountant for Arthur Andersen. Mr. Cavanagh is a Certified Public Accountant and received his Bachelor of Science in Accounting from Wake Forest University and his Master of Business Administration from Florida Atlantic University.

Holdings: 6,298 shares View Transactions
Date	Type	Shares Traded	Price Range
Mar 6, 2013	Disposition (Non Open Market)	643	73.03
Mar 6, 2013	Option Execute	1,719	n/a
Mar 4, 2013	Disposition (Non Open Market)	1,243	71.63
Mar 4, 2013	Option Execute	3,324	n/a
Aug 29, 2012	Sell	85,832	60.09
Aug 29, 2012	Option Execute	74,474	8.56 - 28.54
Aug 28, 2012	Sell	7,807	60.00
Mar 4, 2012	Disposition (Non Open Market)	1,212	47.10
Mar 4, 2012	Option Execute	3,323	n/a
Mar 4, 2011	Disposition (Non Open Market)	591	42.00
Mar 4, 2011	Option Execute	1,621	n/a
Dec 2, 2009	Sell	37,542	33.31
Dec 2, 2009	Option Execute	17,944	8.00 - 8.56
Sep 30, 2008	Option Execute	12,500	4.15 - 4.25
Apr 1, 2008	Automatic Sell	12,500	29.53 - 29.96
Apr 1, 2008	Automatic Sell	12,500	29.97 - 30.29
Aug 31, 2007	Sell	4,757	32.73 - 32.78
Aug 31, 2007	Option Execute	4,757	8.56
Jun 15, 2007	Option Execute	3,750	4.15
May 18, 2007	Sell	15,827	30.71 - 30.77
May 18, 2007	Option Execute	37,077	2.10 - 8.56
Dec 14, 2006	Sell	5,104	28.54 - 28.60
Dec 14, 2006	Option Execute	25,000	2.10 - 4.25

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Mr. Ciarfella started with SBA in 2007. He is responsible for the company's tower operations, services business and new tower development activities. Mr. Ciarfella was formerly the Vice President, New Builds at SBA where he managed the organization's new tower development activities. Prior to joining SBA, Mr. Ciarfella was the co-owner of a Florida-based site development services company that provided site acquisition, zoning, construction management and program management services to the wireless telecommunication industry. Mr. Ciarfella has over a decade of experience in the wireless telecommunication business working directly with PrimeCo Personal Communications and as a consultant for multiple other carriers and tower companies. Mr. Ciarfella has a Bachelor of Science degree in Public Affairs from Florida Atlantic University.
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Mr. Hunt joined SBA in September, 2000. Prior to joining SBA, Mr. Hunt was a partner with Gunster, a Florida-based law firm, where he practiced for 16 years in the corporate and real estate areas. Mr. Hunt is a member of the Florida Bar and received his Bachelor of Arts in economics from Brown University, magna cum laude, and his Juris Doctor from the University of Florida, with high honors.

Holdings: 10,146 shares View Transactions
Date	Type	Shares Traded	Price Range
Mar 6, 2013	Disposition (Non Open Market)	679	73.03
Mar 6, 2013	Option Execute	2,482	n/a
Mar 4, 2013	Disposition (Non Open Market)	1,296	71.63
Mar 4, 2013	Option Execute	4,737	n/a
Dec 7, 2012	Sell	156,395	68.76
Dec 7, 2012	Option Execute	139,478	4.25 - 28.54
Mar 4, 2012	Disposition (Non Open Market)	1,254	47.10
Mar 4, 2012	Option Execute	4,737	n/a
Mar 4, 2011	Disposition (Non Open Market)	814	42.00
Mar 4, 2011	Option Execute	2,233	n/a
Dec 6, 2010	Sell	32,800	40.11
Dec 3, 2010	Sell	2,105	40.02
Jan 25, 2010	Option Execute	5,235	19.10
Dec 31, 2009	Option Execute	11,682	8.56
Dec 16, 2009	Sell	20,590	33.35
Dec 15, 2009	Sell	129,410	33.25
Nov 23, 2009	Sell	20,125	32.11
Apr 7, 2008	Automatic Sell	1,200	30.97 - 31.01
Apr 7, 2008	Automatic Sell	4,250	31.02 - 31.40
Apr 4, 2008	Automatic Sell	5,700	30.96 - 31.13
Apr 4, 2008	Automatic Sell	4,300	31.14 - 31.88
Apr 3, 2008	Automatic Sell	7,166	31.08 - 31.60
Apr 3, 2008	Automatic Sell	2,834	31.65 - 32.04
Apr 2, 2008	Automatic Sell	7,300	29.77 - 30.80
Apr 2, 2008	Automatic Sell	2,700	30.83 - 31.00
Apr 1, 2008	Automatic Sell	9,700	29.61 - 30.15
Apr 1, 2008	Automatic Sell	300	30.17 - 30.20
Feb 12, 2008	Option Execute	18,750	4.25
Feb 1, 2008	Option Execute	2,372	8.56
May 16, 2007	Option Execute	27,500	2.10
Feb 14, 2007	Option Execute	9,941	4.25
Jan 8, 2007	Option Execute	162,941	2.10 - 8.00
Dec 20, 2006	Option Execute	2,500	8.00

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Mr. Silberstein joined the company in December 1993 and is currently responsible for the overall operations and leasing of SBA owned towers and site management. Mr. Silberstein has been in his current role for approximately fifteen years and has primary responsibility for tower space sales while overseeing site marketing, site leasing and records management. Previously, Mr. Silberstein was successful in a variety of roles for SBA, including Regional Director for Florida, Director of the SBA Collocation Division and Director of Business Development. Mr. Silberstein is a graduate of the University of Florida, where he majored in Business Administration with a specialization in Finance.
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