Crown Castle Executive Officers Forfeit Restricted Stock - Quick Facts - 5 Jan 2009

Crown Castle Executive Officers Forfeit Restricted Stock - Quick Facts

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Jan 5 2009  Monday, Crown Castle International Corp. (CCI: News )
reported that four of its executive officers would forfeit 200,103
shares of performance-based restricted stock awarded in the first
quarter of 2007.

The restricted stock was granted to the
officers in connection with the Global Signal acquisition and
integration. In order to avoid forfeiture of the restricted stock,
Crown Castle's common stock had to close at or above $44.50 per share
for 20 consecutive trading days, which included any date on or between
July 1, 2008 and December 31, 2008.

As a result of Crown
Castle's stock not achieving the price threshold, these shares of
restricted stock were forfeited by the officers on December 31, 2008
and returned to Crown Castle.