SEC Form 4 · accession 0001051470-17-000071
CROWN CASTLE INC. · CCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip M Kelley
Officer — Senior VP, Corp Dev & Strategy
Period of report
Feb 19, 2017
Accepted (ET)
Feb 22, 2017 · 8:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001051470
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 Par Value | Feb 19, 2017 | M | 6,026 | $0.00 | A | 101,036 | D | |
| Common Stock, $0.01 Par Value | Feb 19, 2017 | M | 1,205 | $0.00 | A | 102,241 | D | |
| Common Stock, $0.01 Par Value | Feb 19, 2017 | M | 1,262 | $0.00 | A | 103,503 | D | |
| Common Stock, $0.01 Par Value | Feb 19, 2017 | M | 1,669 | $0.00 | A | 105,172 | D | |
| Common Stock, $0.01 Par ValueF1 | Feb 19, 2017 | F | 2,813 | $89.23 | D | 102,359 | D | |
| Common Stock, $0.01 Par ValueF2 | holding | — | — | — | 657 | I | by 401(K) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance RSUsF3,F4 | — | Feb 19, 2017 | M | 6,026 | D | — | — | Common Stock | 6,026 | 0 | D |
| Time RSUsF3,F5 | — | Feb 19, 2017 | M | 1,205 | D | — | — | Common Stock | 1,205 | 0 | D |
| Time RSUsF3,F6 | — | Feb 19, 2017 | M | 1,262 | D | — | — | Common Stock | 1,262 | 1,262 | D |
| Time RSUsF3,F7 | — | Feb 19, 2017 | M | 1,669 | D | — | — | Common Stock | 1,669 | 3,339 | D |
Explanation of responses
- F1Represents 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).
- F2Represents shares previously acquired in transactions exempt under Rule 16b-3(c).
- F3Each 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.
- F46,026 Performance RSUs vested on February 19, 2017, based upon the Company's total stockholder return performance ranking relative to a peer group of companies approved by the Company's board of directors for the three year period ending December 31, 2016. The remainder of the original Performance RSUs granted in February 2014 did not vest on February 19, 2017 and were forfeited.
- F5These Time RSUs were previously granted on February 20, 2014. 33 1/3% of the original grant amount of these Time RSUs vests on February 19 of each of 2015, 2016 and 2017.
- F6These Time RSUs were previously granted on February 12, 2015. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2016, 2017 and 2018.
- F7These Time RSUs were previously granted on February 18, 2016. 33 1/3% of the Time RSUs vest on February 19 of each of 2017, 2018 and 2019.