Filing Details

Accession Number:
0001051470-18-000078
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-02-23 18:18:41
Reporting Period:
2018-02-21
Accepted Time:
2018-02-23 18:18:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1051470 Crown Castle International Corp CCI Real Estate Investment Trusts (6798) 760470458
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1434756 A. Jay Brown 1220 Augusta Dr
Suite 600
Houston TX 77057
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.01 Par Value Disposition 2018-02-22 18,000 $108.43 162,526 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Time RSUs Acquisiton 2018-02-21 22,122 $0.00 22,122 $0.00
Common Stock Performance RSUs Acquisiton 2018-02-21 21,575 $0.00 21,575 $0.00
Common Stock Performance RSUs. Acquisiton 2018-02-21 42,911 $0.00 42,911 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
22,122 No 4 A Direct
21,575 No 4 A Direct
42,911 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.01 Par Value 2,000 Indirect by Spouse
Common Stock, $0.01 Par Value 9,284 Indirect by 401(K) Plan
Footnotes
  1. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
  2. Represents the weighted average price of sales transacted February 22, 2018; such sales were conducted through various transactions at sales prices ranging from $107.225 to $109.47 per share.
  3. The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  4. Represents shares previously acquired in transactions exempt under Rule 16b-3(c).
  5. Each Restricted Stock Unit ("RSU") is issued pursuant to the Company's 2013 Long-Term Incentive Plan and represents a contingent right to receive one share of common stock, and vesting (i.e., forfeiture restriction termination) generally is subject to (i) the reporting person remaining an employee or director of the Company or its affiliates and (ii) the other criteria described in the footnotes below.
  6. 33 1/3% of the Time RSUs vest on February 19 of each of 2019, 2020 and 2021.
  7. 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2021 based on the Company's annualized total stockholder return ("TSR") performance ranking ("TSR Rank") relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2020. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
  8. 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2021 based on the Company's annualized total stockholder return ("TSR") for the three-year period ending December 31, 2020. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.