HAWK E BLAKE 4
4 · CROWN CASTLE INTERNATIONAL CORP · Filed Feb 25, 2013
Insider Transaction Report
Form 4
HAWK E BLAKE
EVP & General Counsel
Transactions
- Award
Common Stock $0.01 Par Value
2013-02-21+6,785→ 373,520 total - Award
Common Stock $0.01 Par Value
2013-02-21+29,535→ 403,055 total
Holdings
- 365(indirect: By 401(k))
Common Stock $0.01 Par Value
Footnotes (4)
- [F1]The stock is restricted stock issued pursuant to the Company's 2004 Stock Incentive Plan, and 33 1/3% of the restricted stock generally vests (i.e., the transfer and forfeiture restrictions terminate) on February 19 of each of 2014, 2015 and 2016.
- [F2]The shares represent restricted stock issued under the Company's 2004 Stock Incentive Plan. The terms of such restricted stock provide for 0% to 100% of the shares to vest (i.e., the transfer and forfeiture restrictions terminate) on February 19, 2016 based upon the highest average closing price per share of the Company's common stock for 20 consecutive trading days during the period commencing August 24, 2015 and ending on (and including) February 19, 2016 ("Highest Average Price"). The percentage of shares vesting being equal to 33 1/3%, 66 2/3% or 100% of the number of shares of restricted stock granted if the Highest Average Price is $78.72, $90.51 or $103.42, respectively. (footnote continues at footnote 3)
- [F3](footnote 2 continued) If the Highest Average Price is between $78.72 and $90.51, then an additional amount up to 33 1/3% shall vest on a prorata basis (approximately 2.83% per $1.00 increase in the Highest Average Price above $78.72). If the Highest Average Price is between $90.51 and $103.42, then an additional amount up to 33 1/3% shall vest on a prorata basis (approximately 2.58% per $1.00 increase in the Highest Average Price above $90.51). If the stock price is at or above $78.72 per share as of February 19, 2016 and remains at or above for 20 consecutive trading days, then a minimum of 33 1/3% of the shares of restricted stock shall vest. Any shares of such restricted stock that do not vest as described in the preceding sentence will generally be forfeited.
- [F4]Represents shares previously acquired in transactions exempt under Rule 16b-3(c).