CROWN CASTLE INC. — Director's Dealing 2019

Sep 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CROWN CASTLE INTERNATIONAL CORP (CCI)
CIK: 0001051470
Period of Report: 2019-05-28

Reporting Person: Ackerman Robert Carl (SVP-COO-Towers and Small Cell)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-28	Common Stock $0.01 Par Value	I	203	$126.12	Disposed	0	Indirect
2019-09-05	Common Stock $0.01 Par Value	M	3114	—	Acquired	19750	Direct
2019-09-05	Common Stock $0.01 Par Value	F	1444	$149.07	Disposed	18306	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-05	Time RSUs	$	M	3114	Acquired		Common Stock (3114.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock $0.01 Par Value	199	Indirect
Common Stock $0.01 Par Value	199	Indirect
Common Stock $0.01 Par Value	199	Indirect
Common Stock $0.01 Par Value	199	Indirect

Footnotes

F1: Includes shares acquired in transactions exempt under Rule 16b-3(c) since the date of the Reporting Person's last ownership report.

F2: Represents shares withheld by the issurer to satisfy the Reporting Person's tax withholding obligation in connection with the vesting of certain shares of restricted stock previously granted to the Reporting Person. Such withholding is exempt from Section 16(b) pursuant to Rule 16b-3(e).

F3: The reporting person disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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 (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 footnote below.

F5: These Time RSUs were previously granted on September 5, 2017. 33 1/3% of the original grant amount of these Time RSUs vest on September 5 of each of 2018, 2019 and 2020.