Statement of Changes in Beneficial Ownership (4)
February 23 2021 - 6:55PM
Edgar (US Regulatory)
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
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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SCHLANGER DANIEL K |
2. Issuer Name and Ticker or Trading Symbol
CROWN CASTLE INTERNATIONAL CORP
[
CCI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & Chief Financial Officer |
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(Last)
(First)
(Middle)
1220 AUGUSTA DRIVE SUITE 600 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/19/2021 |
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(Street)
HOUSTON, TX 77057
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock, $0.01 Par Value | 2/19/2021 | | M | | 9504 | A | $0 | 70979 | D | |
| Common Stock, $0.01 Par Value | 2/19/2021 | | M | | 21931 | A | $0 | 92910 | D | |
| Common Stock, $0.01 Par Value | 2/19/2021 | | M | | 2513 | A | $0 | 95423 | D | |
| Common Stock, $0.01 Par Value | 2/19/2021 | | M | | 2688 | A | $0 | 98111 | D | |
| Common Stock, $0.01 Par Value | 2/19/2021 | | M | | 2026 | A | $0 | 100137 | D | |
| Common Stock, $0.01 Par Value | 2/19/2021 | | F | | 14326 (1) | D | $164.90 | 85811 | D | |
| Common Stock, $0.01 Par Value | | | | | | | | 434 (2) | I | By 401(K) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security
(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 |
| Performance RSUs | (3) | 2/19/2021 | | M | | | 9504 | (4) | (4) | Common Stock | 9504.0 | $0 | 0 | D | |
| Performance RSUs | (3) | 2/19/2021 | | M | | | 21931 | (5) | (5) | Common Stock | 21931.0 | $0 | 0 | D | |
| Time RSUs | (3) | 2/19/2021 | | M | | | 2513 | (6) | (6) | Common Stock | 2513.0 | $0 | 0 | D | |
| Time RSUs | (3) | 2/19/2021 | | M | | | 2688 | (7) | (7) | Common Stock | 2688.0 | $0 | 2688 | D | |
| Time RSUs | (3) | 2/19/2021 | | M | | | 2026 | (8) | (8) | Common Stock | 2026.0 | $0 | 4052 | D | |
| Explanation of Responses: |
| (1) | Represents shares withheld by the issuer to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of certain Restricted Stock Units ("RSUs") previously granted to the Reporting Person. Such withholding is exempt from Section 16(b) pursuant to Rule 16b-3(e). |
| (2) | Represents shares previously acquired in transactions exempt under Rule 16b-3(c). |
| (3) | Each 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. |
| (4) | 9,504 Relative TSR Performance RSUs vested on February 19, 2021, based upon the Company's annualized total stockholder return performance ranking relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ended December 31, 2020. |
| (5) | 21,931 Absolute TSR Performance RSUs vested on February 19, 2021, based upon the Company's annualized total stockholder return for the three-year period ended December 31, 2020. |
| (6) | These Time RSUs were previously granted on February 21, 2018. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2019, 2020 and 2021. |
| (7) | These Time RSUs were previously granted on February 21, 2019. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2020, 2021 and 2022. |
| (8) | These Time RSUs were previously granted on February 20, 2020. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2021, 2022 and 2023. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
SCHLANGER DANIEL K
1220 AUGUSTA DRIVE SUITE 600
HOUSTON, TX 77057 |
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| EVP & Chief Financial Officer |
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Signatures
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| /s/ Daniel K. Schlanger | | 2/22/2021 |
| **Signature of Reporting Person | Date |
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