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)
Chief Accounting Officer
(Last)
(First)
(Middle)
C/O SBA COMMUNICATIONS CORPORATION, 5900 BROKEN SOUND PARKWAY NW
3. Date of Earliest Transaction (Month/Day/Year)
01/19/2006
(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

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) $ 4.15               (1) 06/08/2014 Class A Common Stock 11,250   11,250 D  
Stock Options (Right to Buy) $ 8               (2) 12/16/2009 Class A Common Stock 417   417 D  
Stock Options (Right to Buy) $ 8               (3) 09/13/2010 Class A Common Stock 1,167   1,167 D  
Stock Options (Right to Buy) $ 8               (4) 12/19/2007 Class A Common Stock 23   23 D  
Stock Options (Right to Buy) $ 8               (5) 12/19/2007 Class A Common Stock 561   561 D  
Stock Options (Right to Buy) $ 8               (6) 01/07/2012 Class A Common Stock 184   184 D  
Stock Options (Right to Buy) $ 8               (7) 01/07/2012 Class A Common Stock 650   650 D  
Stock Options (Right to Buy) $ 2.1               (8) 05/14/2013 Class A Common Stock 25,000   25,000 D  
Stock Options (Right to Buy) $ 4.25               (9) 02/11/2014 Class A Common Stock 26,250   26,250 D  
Stock Options (Right to Buy) $ 8.56               (10) 02/01/2015 Class A Common Stock 40,000   40,000 D  
Stock Options (Right to Buy) $ 19.1 01/19/2006   A   35,000     (11) 01/19/2016 Class A Common Stock 35,000 $ 0 35,000 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
      Chief Accounting Officer  

Signatures

 /s/ Brendan T. Cavanagh   01/23/2006
**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: 3,750 vest on each of the first through fourth anniversaries of the grant date (June 8, 2004).
(2) These options vest in accordance with the following schedule: 416 vest on the six month anniversary of the grant date (December 19, 2002) and 417 vest on each of the eighteen, thirty and forty-two month anniversaries of the grant date.
(3) These options vest in accordance with the following schedule: 1,166 vest on the six month anniversary of the grant date (December 19, 2002) and 1,167 vest on each of the eighteen, thirty and forty-two month anniversaries of the grant date.
(4) These options vest in accordance with the following schedule: 22 vest on the six month anniversary of the grant date (December 19, 2002) and 23 vest on each of the eighteen, thirty and forty-two month anniversaries of the grant date.
(5) These options vest in accordance with the following schedule: 560 vest on the six month anniversary of the grant date (December 19, 2002) and 561 vest on each of the eighteen, thirty and forty-two month anniversaries of the grant date.
(6) These options vest in accordance with the following schedule: 184 vest on each of the six, eighteen, thirty and forty-two month anniversaries of the grant date (December 19, 2002).
(7) These options vest in accordance with the following schedule: 649 vest on each of the six and thirty month anniversaries of the grant date (December 19, 2002) and 650 vest on each of the eighteen and forty-two month anniversaries of the grant date.
(8) These options vest in accordance with the following schedule: 12,500 vest on each of the first through fourth anniversaries of the grant date (May 14, 2003).
(9) These options vest in accordance with the following schedule: 8,750 vest on each of the first through fourth anniversaries of the grant date (February 11, 2004).
(10) These options vest in accordance with the following schedule: 10,000 vest on each of the first through fourth anniversaries of the grant date (February 1, 2005).
(11) These options vest in accordance with the following schedule: 8,750 vest on each of the first through fourth anniversaries of the grant date (January 19, 2006).

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