<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
SBA COMMUNICATIONS CORPORATION
- --------------------------------------------------------------------------------
(Name of issuer)
CLASS A COMMON STOCK, par value $.01 per share
- --------------------------------------------------------------------------------
(Title of class of securities)
78388J 10 6
------------------------------------------------------
(CUSIP number)
Jeffrey A. Stoops
Chief Financial Officer
SBA Communications Corporation
One Town Center Road, Third Floor
Boca Raton, Florida 33486
(561) 995-7670
- --------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and
communications)
June 16, 1999
------------------------------------------------------
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13(d)-1(f) or 13(d)-1(g), check the following
box [ ].
Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See
Rule 13d-7(b) for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 15 Pages)
- --------------------------------
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
<PAGE> 2
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 2 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent VII L.P.
04-3181563
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,815,555
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,815,555
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,815,555
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 3 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advent Atlantic and Pacific III L.P.
04-3299318
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,243,656
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,243,656
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,243,656
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 4
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 4 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TA Venture Investors Limited Partnership
04-3068354
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
General partnership existing under the laws of Massachusetts
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 27,230
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 27,230
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,230
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 5
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 5 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TA Associates, Inc.
04-3205751
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,059,211(1)
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,059,211(1)
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,059,211(1)
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.5%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
CO
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Footnotes on following page.
<PAGE> 6
SCHEDULE 13D
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CUSIP No. 78388J 19 6 Page 6 of 15 Pages
- --------------------- ------------------
(1) For purposes of Section 13(d), TA Associates, Inc. may be deemed to
beneficially own 3,059,211 shares of Class A Common Stock, consisting
of (a) 1,815,555 shares of Class A Common Stock held by Advent VII L.P.
and (b) 1,243,656 shares of Class A Common Stock held by Advent
Atlantic and Pacific III L.P., by virtue of its interest, as general
partner, in (i) TA Associates VII L.P., the general partner of Advent
VII L.P., and (ii) TA Associates AAP III Partners L.P., the general
partner of Advent Atlantic and Pacific III L.P. TA Associates, Inc.
disclaims beneficial ownership of any shares of Class A Common Stock
held by any of the above entities.
<PAGE> 7
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 7 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TA Associates VII L.P.
04-3181388
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,815,555(1)
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,815,555(1)
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,815,555(1)
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.2%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Footnotes on following page.
<PAGE> 8
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 8 of 15 Pages
- --------------------- ------------------
(1) For purposes of Section 13(d), TA Associates VII L.P. may be deemed to
beneficially own 1,815,555 shares of Class A Common Stock, consisting
of 1,815,555 shares of Class A Common Stock held by Advent VII L.P., by
virtue of its interest, as general partner, in Advent VII L.P. TA
Associates VII L.P. disclaims beneficial ownership of any shares of the
Class A Common Stock held by Advent VII L.P.
<PAGE> 9
SCHEDULE 13D
- --------------------- ------------------
CUSIP No. 78388J 19 6 Page 9 of 15 Pages
- --------------------- ------------------
- ----------- --------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TA Associates AAP III Partners L.P.
04-3299313
- ----------- --------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
- ----------- --------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- ----------- --------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ----------- --------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------ ----- -------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 1,243,656(1)
BENEFICIALLY ----- -------------------------------------------------
8 SHARED VOTING POWER
OWNED BY EACH
0
REPORTING
----- -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,243,656(1)
----- -------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------- --------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,243,656(1)
- ----------- --------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- ----------- --------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.3%
- ----------- --------------------------------------------------------------------
14 TYPE OF REPORTING PERSON *
PN
================================================================================
* SEE INSTRUCTIONS BEFORE FILLING OUT!
Footnotes on following page.
<PAGE> 10
SCHEDULE 13D
- --------------------- -------------------
CUSIP No. 78388J 19 6 Page 10 of 15 Pages
- --------------------- -------------------
(1) For purposes of Section 13(d), TA Associates AAP III Partners L.P. may
be deemed to beneficially own 1,243,656 shares of Class A Common Stock,
consisting of 1,243,656 shares of Class A Common Stock held by Advent
Atlantic and Pacific III L.P., by virtue of its interest, as general
partner, in Advent Atlantic and Pacific III L.P. TA Associates AAP III
Partners L.P. disclaims beneficial ownership of any shares of Class A
Common Stock held by Advent Atlantic and Pacific III L.P.
<PAGE> 11
Page 11 of 15 Pages
Item 1. SECURITY AND ISSUER.
The securities to which this statement relates are shares of Class A
Common Stock, par value $.01 per share (the "Shares"), of SBA Communications
Corporation, a Florida corporation ("SBA"). The principal executive offices of
SBA are located at One Town Center Road, Third Floor, Boca Raton, Florida 33486.
Item 2. IDENTITY AND BACKGROUND.
This statement is being filed on behalf of the following entities and
persons: Advent VII L.P. ("Advent VII"), Advent Atlantic and Pacific III L.P.
("Advent Atlantic & Pacific"), TA Venture Investors Limited Partnership ("TA
Venture Investors"), TA Associates VII L.P. ("TA VII"), TA Associates AAP III
Partners L.P. ("TA AAP III") and TA Associates, Inc. ("TA Associates" and,
collectively with TA VII and TA AAP III, the "General Partners").
Each of Advent VII and Advent Atlantic & Pacific is a limited
partnership organized under the laws of Delaware. TA Venture Investors is a
general partnership existing under the laws of Massachusetts. Each of TA VII and
TA AAP III is a limited partnership organized under the laws of the state of
Delaware. TA Associates is a corporation organized under the laws of Delaware.
Each of Advent VII, Advent Atlantic & Pacific and TA Venture Investors is an
investment fund principally engaged in the business of making venture capital
and other investments. Each of TA VII, TA AAP III and TA Associates is
principally engaged in the business of managing investments for, and acting as
general partner or other authorized person of, investment funds engaged in
venture capital and other investments. The officers and directors of TA
Associates are the general partners of TA Venture Investors. The principal
business address and principal office address for each of Advent VII, Advent
Atlantic & Pacific, TA Venture Investors, TA VII, TA AAP III and TA Associates
is: c/o TA Associates, Inc., High Street Tower, Suite 2500, 125 High Street,
Boston, Massachusetts 02110.
TA VII is the sole general partner of Advent VII. TA AAP III is the
sole general partner of Advent Atlantic & Pacific. TA Associates is the sole
general partner of each of TA VII and TA AAP III.
During the last five years, none of Advent VII, Advent Atlantic &
Pacific, TA Venture Investors, TA VII, TA AAP III or TA Associates has been
convicted in a criminal proceeding. During the last five years, none of Advent
VII, Advent Atlantic & Pacific, TA Venture Investors, TA VII, TA AAP III or TA
Associates was a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which any such person was or is
subject to a judgment, decree or final order enjoining future violations, or
prohibiting or mandating activities subject to Federal or State securities laws
or finding any violation with respect to such laws.
The directors of TA Associates are C. Kevin Landry, P. Andrews McLane,
Jacqueline C. Morby and Jeffrey T. Chambers. Each of these directors is also an
employee of TA Associates. The executive officers of TA Associates are C. Kevin
Landry, its Chairman, President, Chief Executive Officer and Managing Director,
P. Andrews McLane, its Senior Managing Director, and Katherine S. Cromwell, its
Chief Financial Officer and Managing Director. Individually, no stockholder,
director or officer of TA Associates, Inc. is deemed to share voting or
investment power over TA Associates, TA VII, TA AAP III, Advent VII or Advent
Atlantic & Pacific. The principal business address of each of the directors and
executive officers of TA Associates is c/o TA Associates, Inc., High Street
Tower, Suite 2500, 125 High Street, Boston, Massachusetts 02110.
During the last five years, none of the directors or executive officers
of TA Associates, Inc. has been convicted in a criminal proceeding. During the
last five years, none of the directors or executive officers of TA Associates,
Inc. was party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which any such person was or is subject to
a judgement, decree or final order enjoining future violations, or prohibiting
or mandating activities subject to Federal or State securities laws or finding
any violation with respect to such laws.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Advent VII, Advent Atlantic & Pacific and TA Venture Investors (the
"Investors") acquired an aggregate of 349,444 Shares directly from SBA in
connection with SBA's initial public offering on June 16, 1999 for an aggregate
purchase price of $3,144,996. Such purchases were funded out of the working
capital of each of the Investors.
The Investors paid an aggregate of $10,200,000 for 2,736,997 shares of
SBA's 4% Series A Convertible Preferred Stock (the "Convertible Shares")
acquired by them on March 7, 1997 pursuant to a private placement. The purchase
price for these Convertible Shares was funded out of the working capital of each
of the Investors. The Convertible Shares converted on June 16, 1999 into
2,736,997 Shares and 2,736,997 shares of SBA's Class B Redeemable Preferred
Stock (the "Redeemable Shares"). SBA redeemed the Redeemable Shares in
connection with its initial public offering for an aggregate purchase price of
approximately $11,160,464.
Item 4. PURPOSE OF TRANSACTION.
The purchases of Shares described in Item 3 were for investment,
although the Investors may, in the future, determine to dispose of some portion
or all of their Shares, or acquire additional Shares.
<PAGE> 12
Page 12 of 15 Pages
Item 5. INTEREST IN SECURITIES OF ISSUER.
(a) The following sets forth the aggregate number and percentage
(rounded to the nearest one tenth of one per percent) of the Shares beneficially
owned by each person named in Item 2 above (based upon 19,710,922 Shares
outstanding as set forth in SBA's prospectus filed with the Securities
and Exchange Commission pursuant to Rule 424(b) on June 17, 1999).
Shares
Name Beneficially Owned % of Class
- ---- ------------------ ----------
Advent VII 1,815,555 9.2
Advent Atlantic & Pacific 1,243,656 6.3
TA Venture Investors 27,230 0.1
TA VII 1,815,555 9.2
TA AAP III 1,243,656 6.3
TA Associates 3,059,211 15.5
The aforementioned entities and persons beneficially owned, in the
aggregate, 3,086,441 Shares, which represent 15.7% of the total outstanding
Shares.
(b) The following sets forth for each person listed in response to
paragraph (a) above, the number of shares as to which there is sole power to
vote or to direct the vote, shared power to vote or to direct the vote, sole or
shared power to dispose or to direct the disposition.
Sole Power Shared Power Sole Power Shared Power
Name to Vote to Vote To Dispose To Dispose
- ---- ------- ------- ---------- ----------
Advent VII 1,815,555 0 1,815,555 0
Advent Atlantic & Pacific 1,243,656 0 1,243,656 0
TA Venture Investors 27,230 0 27,230 0
TA VII 1,815,555 0 1,815,555 0
TA AAP III 1,243,656 0 1,243,656 0
TA Associates 3,059,211 0 3,059,211 0
(c) On June 16, 1999, each person set forth below acquired the Shares
set forth below opposite the name of such person at a per share price of $9.00.
INVESTOR SHARES
Advent VII 205,555
Advent Atlantic & Pacific 140,806
TA Venture Investors 3,083
Also on June 16, 1999, in connection with SBA's initial public
offering, each person set forth below converted shares of SBA's 4% Series A
Convertible Preferred Stock (the "Convertible Preferred Stock") held by such
person into (i) shares of SBA's Class B Redeemable Preferred Stock, which were
subsequently redeemed, and (ii) the number of Shares set forth below opposite
the name of each such person.
INVESTOR SHARES
Advent VII 1,610,000
Advent Atlantic & Pacific 1,102,850
TA Venture Investors 24,147
(d) Not applicable.
(e) Not applicable.
<PAGE> 13
Page 13 of 15 Pages
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
The Investors are parties to a certain Registration Rights Agreement
dated as of March 6, 1997, among SBA and the Preferred Shareholders (as defined
therein) pursuant to which the Investors have certain registration and other
rights, all as more fully described in EXHIBIT A hereto.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A SBA Communications Corporation Registration Rights
Agreement dated as of March 6, 1997, among SBA and
the Preferred Shareholders (as defined therein)
(incorporated by reference from SBA's Registration
Statement on Form S-1 (File No. 333-76547)).
This statement speaks as of its date, and no inference should be drawn
that no change has occurred in the facts set forth herein after the date hereof.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
<PAGE> 14
Page 14 of 15 Pages
SIGNATURES
----------
After reasonable inquiry and to the best knowledge and belief of each
of the persons signing below, each person signing below certifies that the
information set forth in this statement is true, complete and correct.
AGREEMENT FOR JOINT FILING
Advent VII L.P., Advent Atlantic and Pacific III L.P., TA Venture
Investors Limited Partnership, TA Associates, Inc., TA Associates VII L.P. and
TA Associates AAP III Partners L.P. hereby agree that TA Associates, Inc. shall
file with the Securities and Exchange Commission a joint Schedule 13D on behalf
of the above-named parties concerning their beneficial ownership of SBA
Communications Corporation.
Dated: June 25, 1999
ADVENT VII L.P.
By: TA Associates VII L.P., its General Partner
By: TA Associates, Inc., its General Partner
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
Chief Financial Officer and Managing Director
ADVENT ATLANTIC AND PACIFIC III L.P.
By: TA Associates AAP III Partners L.P.,
its General Partner
By: TA Associates, Inc., its General Partner
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
Chief Financial Officer and Managing Director
TA VENTURE INVESTORS LIMITED PARTNERSHIP
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
General Partner
TA ASSOCIATES, INC.
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
Chief Financial Officer and Managing Director
<PAGE> 15
Page 15 of 15 Pages
TA ASSOCIATES VII L.P.
By: TA Associates, Inc., its General Partner
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
Chief Financial Officer and Managing Director
TA ASSOCIATES AAP III PARTNERS L.P.
By: TA Associates, Inc., its General Partner
By: /s/ Katherine S. Cromwell
---------------------------------------------
Katherine S. Cromwell
Chief Financial Officer and Managing Director
