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 *
MACAIONE ANTHONY J
   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 and CFO
(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY N.W.		 3. Date of Earliest Transaction (Month/Day/Year)
08/31/2007
(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 08/31/2007   M   12,987 A $ 8.56 35,144 (5) D  
Class A Common Stock 08/31/2007   S   3,512 D $ 32.81 31,632 D  
Class A Common Stock 08/31/2007   S   4,206 D $ 32.8 27,426 D  
Class A Common Stock 08/31/2007   S   369 D $ 32.72 27,057 D  
Class A Common Stock 08/31/2007   S   1,800 D $ 32.71 25,257 D  
Class A Common Stock 08/31/2007   S   1,600 D $ 32.7 23,657 D  
Class A Common Stock 08/31/2007   S   1,500 D $ 32.69 22,157 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) $ 4.3               (1) 04/19/2014 Class A Common Stock 37,500   37,500 D  
Stock Options (Right to Buy) $ 8.56 08/31/2007   M     12,987   (2) 02/01/2015 Class A Common Stock 12,987 $ 0 45,750 D  
Stock Options (Right to Buy) $ 19.1               (3) 01/19/2016 Class A Common Stock 46,500   46,500 D  
Stock Option (Right to Buy) $ 28.54               (4) 02/26/2014 Class A Common Stock 46,500   46,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MACAIONE ANTHONY J
C/O SBA COMMUNICATIONS CORPORATION
5900 BROKEN SOUND PARKWAY N.W.
BOCA RATON, FL 33487		       Senior Vice President and CFO  

Signatures

 /s/ Anthony J. Macaione   09/05/2007
**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) These options vest in accordance with the following schedule: 18,750 vest on each of the first through fourth anniversaries of the grant date (April 19, 2004).
(2) These options vest in accordance with the following schedule: 15,250 vest on each of the first through fourth anniversaries of the grant date (February 1, 2005).
(3) These options vest in accordance with the following schedule: 11,625 vest on each of the first through fourth anniversaries of the grant date (January 19, 2006).
(4) These options vest in accordance with the following schedule: 11,625 vest on each of the first through fourth anniversaries of the grant date (February 26, 2007).
(5) Includes 212 shares acquired in February 2007, 184 shares acquired in May 2007 and 184 shares acquired in August 2007 under the SBA Communications Corporation 1999 Employee Stock Purchase Plan.

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