SBA COMMUNICATIONS CORP

CUSIP: 78388J106 Class: COMMON STOCK

Triple Frond Partners LLC's Holding History (CIK: 0001454502)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016
Shares 824,676 Value ($000) $85,156 Avg Close — Range —
Q3 2016
Shares 600,000 Value ($000) $67,296 Avg Close — Range —
Q2 2016
Shares 600,000 Value ($000) $64,764 Avg Close — Range —
Q1 2016
Shares 600,000 Value ($000) $60,102 Avg Close — Range —
Q4 2015
Shares 500,000 Value ($000) $52,535 Avg Close — Range —