CROWN CASTLE INC. — Director's Dealing 2016

Feb 23, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CASTLE INTERNATIONAL CORP (CCI)
CIK: 0001051470
Period of Report: 2016-02-19

Reporting Person: Fisher Rob A (V.P. & Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-19	Common Stock, $0.01 Par Value	M	671	—	Acquired	20944	Direct
2016-02-19	Common Stock, $0.01 Par Value	M	615	—	Acquired	21559	Direct
2016-02-19	Common Stock, $0.01 Par Value	F	2756	$86.02	Disposed	18803	Direct
2016-02-19	Common Stock, $0.01 Par Value	D	2960	—	Disposed	15843	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-19	Time RSUs	$	M	671	Disposed		Common Stock (671.0)	Direct
2016-02-19	Time RSUs	$	M	615	Disposed		Common Stock (615.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 Par Value	3041	Indirect

Footnotes

F1: Represents shares withheld by the issurer to satisfy the Reporting Person's tax withholding obligation in connection with the vesting (i.e., applicable transfer and forfeiture restriction termination) of certain shares of restricted stock and 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 the forfeiture and termination of the portion of the shares of performance restricted stock issued in 2013 which did not vest as a result of the applicable performance conditions not achieving the level required for the vesting of all 9,542 shares of 2013 performance restricted stock originally granted.

F3: Represents shares previously acquired in transactions exempt under Rule 16b-3(c).

F4: 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 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.

F5: 33 1/3 % of the original grant amount of these Time RSUs vested on February 19, 2016.

F6: These 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 2015, 2016 and 2017.

F7: These 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.