4//SEC Filing
CROWN CASTLE INTERNATIONAL CORP 4
Accession 0001051470-16-000193
$CCICIK 0001051470operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 7:30 PM ET
Size
9.2 KB
Accession
0001051470-16-000193
Insider Transaction Report
Form 4
Fisher Rob A
V.P. & Corporate Controller
Transactions
- Award
Performance RSUs
2016-02-18+6,780→ 6,780 total→ Common Stock (6,780 underlying) - Award
Time RSUs
2016-02-18+1,936→ 1,936 total→ Common Stock (1,936 underlying)
Footnotes (4)
- [F1]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.
- [F2]33 1/3% of the Time RSUs vest on February 19 of each of 2017, 2018 and 2019.
- [F3]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)
- [F4](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.
Documents
Issuer
CROWN CASTLE INTERNATIONAL CORP
CIK 0001051470
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001051470
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 7:30 PM ET
- Size
- 9.2 KB