Michael Joseph Kavanagh - 19 Feb 2022 Form 4 Insider Report for CROWN CASTLE INTERNATIONAL CORP (CCI)

Role
EVP & Chief Commercial Officer
Signature
/s/ Michael Joseph Kavanagh
Issuer symbol
CCI
Transactions as of
19 Feb 2022
Net transactions value
-$1,610,250
Form type
4
Filing time
23 Feb 2022, 16:22:45 UTC
Previous filing
22 Feb 2022
Next filing
02 May 2022
SEC
View on sec.gov

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 +6,874 +11% $0.000000 67,974 19 Feb 2022 Direct
transaction CCI Common Stock $0.01 Par Value Options Exercise $0 +15,465 +23% $0.000000 83,439 19 Feb 2022 Direct
transaction CCI Common Stock $0.01 Par Value Options Exercise $0 +1,808 +2.2% $0.000000 85,247 19 Feb 2022 Direct
transaction CCI Common Stock $0.01 Par Value Options Exercise $0 +1,362 +1.6% $0.000000 86,609 19 Feb 2022 Direct
transaction CCI Common Stock $0.01 Par Value Options Exercise $0 +1,980 +2.3% $0.000000 88,589 19 Feb 2022 Direct
transaction CCI Common Stock $0.01 Par Value Tax liability $1,610,250 -9,919 -11% $162.34 78,670 19 Feb 2022 Direct F1
holding CCI Common Stock $0.01 Par Value 1,112 19 Feb 2022 By 401(K) 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 -6,874 -100% $0.000000* 0 19 Feb 2022 Common Stock 6,874 Direct F3, F4
transaction CCI Performance RSUs Options Exercise $0 -15,465 -100% $0.000000* 0 19 Feb 2022 Common Stock 15,465 Direct F3, F5
transaction CCI Time RSUs Options Exercise $0 -1,808 -100% $0.000000* 0 19 Feb 2022 Common Stock 1,808 Direct F3, F6
transaction CCI Time RSUs Options Exercise $0 -1,362 -50% $0.000000 1,363 19 Feb 2022 Common Stock 1,362 Direct F3, F7
transaction CCI Time RSUs Options Exercise $0 -1,980 -33% $0.000000 3,962 19 Feb 2022 Common Stock 1,980 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 6,874 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 15,465 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.