SEC Form 4 · accession 0001051470-18-000033
CROWN CASTLE INC. · CCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel K Schlanger
Officer — SVP, CFO & Treasurer
Period of report
Feb 19, 2018
Accepted (ET)
Feb 21, 2018 · 5:55 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, 2018 | M | 2,712 | $0.00 | A | 11,386 | D | |
| Common Stock $0.01 Par Value | Feb 19, 2018 | M | 2,836 | $0.00 | A | 14,222 | D | |
| Common Stock $0.01 Par ValueF1 | Feb 19, 2018 | F | 1,370 | $109.12 | D | 12,852 | D | |
| Common Stock $0.01 Par ValueF2 | holding | — | — | — | 118 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Time RSUsF3,F4 | — | Feb 19, 2018 | M | 2,712 | A | — | — | Common Stock | 2,712 | 2,713 | D |
| Time RSUsF3,F5 | — | Feb 19, 2018 | M | 2,836 | A | — | — | Common Stock | 2,836 | 5,672 | 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 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.
- F4These Time RSUs were previously granted on April 1, 2016. 33 1/3% of the original grant amount of these Time RSUs vests on February 19 of each of 2017, 2018 and 2019.
- F5These Time RSUs were previously granted on February 16, 2017. 33 1/3% of the original grant amount of these Time RSUs vest on February 19 of each of 2018, 2019 and 2020.