AI assistant
CROWN CASTLE INC. — Director's Dealing 2020
Dec 2, 2020
30060_dirs_2020-12-02_c77b87da-86b2-4cd2-8ebe-fa3870dbf4ad.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CROWN CASTLE INTERNATIONAL CORP (CCI)
CIK: 0001051470
Period of Report: 2020-12-01
Reporting Person: Levendos Christopher (EVP & COO - Fiber)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.01 Par Value | 1189 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Time RSUs | $ | Common Stock (1257.0) | Direct | ||
| Performance RSUs | $ | Common Stock (7310.0) | Direct | ||
| Performance RSUs | $ | Common Stock (3675.0) | Direct | ||
| Time RSUs | $ | Common Stock (3421.0) | Direct | ||
| Performance RSUs | $ | Common Stock (9752.0) | Direct | ||
| Performance RSUs | $ | Common Stock (5492.0) | Direct | ||
| Time RSUs | $ | Common Stock (3780.0) | Direct | ||
| Performance RSUs | $ | Common Stock (9088.0) | Direct | ||
| Performance RSUs | $ | Common Stock (4685.0) | Direct |
Footnotes
F1: 100% of these Time RSUs may vest on February 19, 2021.
F2: 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 footnotes herein.
F3: 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2021 based on the Company's annualized total stockholder return ("TSR") for the three-year period ending December 31, 2020. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.
F4: 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2021 based on the Company's annualized total stockholder return ("TSR") performance ranking ("TSR Rank") relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2020. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
F5: Approximately 50% of these Time RSUs may vest on February 19 of each of 2021 and 2022.
F6: 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2022 based on the Company's annualized TSR for the three-year period ending December 31, 2021. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.
F7: 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2022 based on the Company's TSR Rank relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2021. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.
F8: 33 1/3% of the Time RSUs may vest on February 19 of each of 2021, 2022 and 2023.
F9: 0% to 150% of these Absolute TSR Performance RSUs may vest on February 19, 2023 based on the Company's annualized TSR for the three-year period ending December 31, 2022. The percentage of Absolute TSR Performance RSUs that may vest will be (a) 0% if TSR is below 6.5%; (b) 50% if TSR is 6.5%; (c) 100% if TSR is 11.5%; and (d) 150% if TSR is 16.5% or greater. If TSR is between 6.5% and 11.5% or between 11.5% and 16.5%, the percentage of Absolute TSR Performance RSUs that may vest is determined using linear interpolation.
F10: 0% to 150% of these Relative TSR Performance RSUs may vest on February 19, 2023 based on the Company's TSR Rank relative to the constituent companies of the Standard & Poor's 500 Index for the three-year period ending December 31, 2022. The percentage of Relative TSR Performance RSUs that may vest will be (a) 0% if the TSR Rank is below the 30th percentile; (b) 50% if the TSR Rank is at the 30th percentile; (c) 100% if the TSR Rank is at the 55th percentile; and (d) 150% if the TSR Rank is at the 90th percentile or greater. If the TSR Rank is between the 30th and 55th percentiles or between the 55th and 90th percentiles, the percentage of Relative TSR Performance RSUs that may vest is determined using linear interpolation.