0001051470-16-000190.txt : 20160222
0001051470-16-000190.hdr.sgml : 20160222
20160222192410
ACCESSION NUMBER: 0001051470-16-000190
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160218
FILED AS OF DATE: 20160222
DATE AS OF CHANGE: 20160222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CROWN CASTLE INTERNATIONAL CORP
CENTRAL INDEX KEY: 0001051470
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 760470458
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1220 AUGUSTA DRIVE
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77057
BUSINESS PHONE: 7135703000
MAIL ADDRESS:
STREET 1: 1220 AUGUSTA DRIVE
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77057
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brown Jay A.
CENTRAL INDEX KEY: 0001434756
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16441
FILM NUMBER: 161446513
MAIL ADDRESS:
STREET 1: 1220 AUGUSTA DRIVE, SUITE 500
CITY: HOUSTON
STATE: TX
ZIP: 77057
4
1
wf-form4_145618703998243.xml
FORM 4
X0306
4
2016-02-18
0
0001051470
CROWN CASTLE INTERNATIONAL CORP
CCI
0001434756
Brown Jay A.
1220 AUGUSTA DR
SUITE 600
HOUSTON
TX
77057
0
1
0
0
Sr. VP, CFO & Treasurer
Time RSUs
2016-02-18
4
A
0
10399
0
A
Common Stock
10399.0
10399
D
Performance RSUs
2016-02-18
4
A
0
36408
0
A
Common Stock
36408.0
36408
D
Time RSUs
2016-02-18
4
A
0
5801
0
A
Common Stock
5801.0
5801
D
Performance RSUs
2016-02-18
4
A
0
20309
0
A
Common Stock
20309.0
20309
D
Each 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.
33 1/3% of the Time RSUs vest on February 19 of each of 2017, 2018 and 2019.
0% to 100% of the Performance RSUs vest on February 19, 2019 based upon the Company's total stockholder return ("TSR") performance ranking ("TSR Rank") relative to a peer group of companies approved by the Company's board of directors for the three year period ending February 18, 2019 ("Period"). If the TSR Rank is at the 30th percentile or more up to the 55th percentile, then 33.34% to 66.67% of the Performance RSUs vest on a pro rata basis based upon the level of the TSR Rank (i.e., approximately an additional 1.3336% of the units vest for each 1.0 percentile increase in the TSR Rank above the 30th percentile up to the 55th percentile), with 66.67% of the Performance RSUs vesting at the 55th percentile. (Continued in Footnote 4)
(Continued from Footnote 3) If the TSR Rank is at the 55th percentile or more, then 66.67% to 100% of the Performance RSUs vest on a pro rata basis based upon the level of the TSR Rank (i.e., approximately an additional 0.95229% of the units vest for each 1.0 percentile increase in the TSR Rank above the 55th percentile up to the 90th percentile (or above)), with 100% of the units vesting at or above the 90th percentile. However, if the TSR is negative for the Period and the TSR Rank is at or above the 30th percentile, the percentage of units which vest shall be 33.34%. If the TSR Rank is below the 30th percentile, 100% of the Performance RSUs will be forfeited.
In addition, the vesting of these RSUs is subject to and contingent upon the Reporting Person assuming the office of President and Chief Executive Officer of the Company on or before June 1, 2016. To the extent the Reporting Person does not assume such office, these RSUs will be forfeited (provided the Compensation Committee has the authority to waive, amend or extend such requirement).
/s/ Jay A. Brown
2016-02-22