Daniel K. Schlanger - Feb 19, 2022 Form 4 Insider Report for CROWN CASTLE INTERNATIONAL CORP (CCI)

Role: EVP & Chief Financial Officer
Signature: /s/ Daniel K. Schlanger
Stock symbol: CCI
Transactions as of: Feb 19, 2022
Transactions value $: -$2,416,756
Form type: 4
Date filed: 2/23/2022, 04:01 PM
Previous filing: Feb 22, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+10.2K	+14.59%	$0.00	80.2K	Feb 19, 2022	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+23K	+28.65%	$0.00	103K	Feb 19, 2022	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+2.69K	+2.6%	$0.00	106K	Feb 19, 2022	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+2.03K	+1.91%	$0.00	108K	Feb 19, 2022	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Options Exercise	$0	+2.19K	+2.03%	$0.00	110K	Feb 19, 2022	Direct
transaction	CCI	Common Stock, $0.01 Par Value	Tax liability	-$2.42M	-14.9K	-13.52%	$162.34	95.2K	Feb 19, 2022	Direct	F1
holding	CCI	Common Stock, $0.01 Par Value						506	Feb 19, 2022	By 401(K) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CCI	Performance RSUs	Options Exercise	$0	-10.2K	-100%	$0.00^*	0	Feb 19, 2022	Common Stock	10.2K		Direct	F3, F4
transaction	CCI	Performance RSUs	Options Exercise	$0	-23K	-100%	$0.00^*	0	Feb 19, 2022	Common Stock	23K		Direct	F3, F5
transaction	CCI	Time RSUs	Options Exercise	$0	-2.69K	-100%	$0.00^*	0	Feb 19, 2022	Common Stock	2.69K		Direct	F3, F6
transaction	CCI	Time RSUs	Options Exercise	$0	-2.03K	-50%	$0.00	2.03K	Feb 19, 2022	Common Stock	2.03K		Direct	F3, F7
transaction	CCI	Time RSUs	Options Exercise	$0	-2.19K	-33.33%	$0.00	4.39K	Feb 19, 2022	Common Stock	2.19K		Direct	F3, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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).
F2	Represents shares previously acquired in transactions exempt under Rule 16b-3(c).
F3	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.
F4	10,217 Relative TSR Performance RSUs vested on February 19, 2022, 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, 2021.
F5	22,989 Absolute TSR Performance RSUs vested on February 19, 2022, based upon the Company's annualized total stockholder return for the three-year period ended December 31, 2021.
F6	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.
F7	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.
F8	These Time RSUs were previously granted on February 18, 2021. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2022, 2023 and 2024.