UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Centennial Fund V, L.P.
1428 15th Street
Denver, CO 80202
USA
2. Issuer Name and Ticker or Trading Symbol
Crown Castle International Corp.
TWRS
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
March, 2000
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
Joint Report (8)
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
___________________________________________________________________________________________________________________________________
Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |3/6/00|J(7)| |2,565,340 |D | |0 |D(1) | |
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Common Stock |3/01/0|S | |100,000 |D |$41.06097 | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/02/0|S | |200,000 |D |$41.1364 | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/06/0|J(7)| |400,000 |D | | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/13/0|J(7)| |1,500,000 |D | | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/13/0|S | |60,000 |D |$41.06097 | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/14/0|S | |40,000 |D |$41.1364 | |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/21/0|S | |14,000 |D |$41.875 |217,285 |D(2) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/06/0|J(7)| |71,742 |A | | |D(3) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/09/0|S | |20,000 |D |$40.25 | |D(4) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/10/0|S | |10,000 |D |$40.875 | |D(4) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/13/0|J(7)| |269,639 |A | | |D(3) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/16/0|S | |20,000 |D |$40.125 | |D(4) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/17/0|S | |20,000 |D |$40.526 |474,431 |D(4) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/06/0|J(7)| |21,000 |D | | |D(5) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/13/0|J(7)| |46,415 |D | | |D(5) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/17/0|S | |10,000 |D |$40.526 |0 |D(5) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/06/0|J(7)| |65,426 |A | | |D(6) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/09/0|S | |10,000 |D | | |D(6) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/13/0|J(7)| |7,010 |A | | |D(6) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock |3/16/0|S | |10,000 |D | |128,821 |D(6) | |
|0 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
Explanation of Responses:
(1) By Centennial Fund IV, L.P., a Delaware limited partnership ("Fund IV").
Each of the Individual Partners (as defined in footnote 2, below) is also
one of the five general partners of Centennial Holdings IV, a Delaware limited
partnership ("Holdings IV"), which is the sole general partner of Fund IV.
By virtue of the relationships described above and their roles with Fund IV
and Holdings IV, each of the Individual partners may be deemed to control
Holdings IV and Fund IV and may be deemed to possess indirect beneficial
ownership of the Issuer securities held by Fund IV. However, none of the
Individual Partners, acting alone, has voting or investment power with respect
to the Issuer securities directly beneficially held by Fund IV, and, as a
result, each individual partner disclaims beneficial ownership of the Issuer
securities directly beneficially owned by Fund IV.
(2) By Centennial Fund V, L.P., a Delaware limited partnership ("Fund V").
Centennial Holdings V, L.P., a Delaware limited partnership ("Holdings V"),
is the sole general partner of Fund V. By virtue of the relationship
described, Holdings V may be deemed to control Fund V and possess indirect
beneficial ownership of the securities of the Issuer directly beneficially held
by Fund V. This Form is also being filed on behalf of Holdings V as an
indirect beneficial owner of securities of the Issuer.
Steven C. Halstedt, Jeffrey H. Schutz, Adam Goldman, Donald H. Parsons, Jr.,
and David C. Hull, Jr. are the sole general partners of Holdings V (the
"Individual Partners"). By virtue of the relationships described above and
their roles with Fund V and Holdings V, each of the Individual Partners may
be deemed to control Holdings V and Fund V and may be deemed to possess
indirect beneficial ownership of the Issuer securities held by Fund V.
However, none of the Individual Partners, acting alone, has voting or
investment power with respect to the Issuer securities directly beneficially
held
by Fund V, and, as a result, each Individual Partner disclaims beneficial
ownership of the Issuer securities directly beneficially owned by Fund V.
(3) Distribution of shares by Fund V to Holdings V.
(4) By Holdings V.
(5) Distribution of shares by Centennial Entrepreneurs Fund V, L.P.
("Entrepreneurs"). Holdings V is the sole general partner of Entrepreneurs.
By
virtue of the relationship described, Holdings V may be deemed to control
Entrepreneurs and possess indirect beneficial ownership of the securities
of the Issuer directly beneficially held by Entrepreneurs.
(6) By Centennial Holdings I, LLC, a Delaware limited liability company
("Holdings LLC"). Each of the Individual Partners is a unit holder of
Holdings
LLC. Centennial Holdings, Inc. ("Holdings Inc.") is the sole managing member
of the Holdings LLC. Each of the Individual Partners is an officer and
director of Holdings Inc. By virtue of the relationships described above and
their roles with Holdings LLC and Holdings Inc., each of the Individual
Partners may be deemed to control Holdings LLC and Holdings Inc., and may be
deemed to possess indirect beneficial ownership of the Issuer
securities held by Holdings LLC. However, none of the Individual Partners,
acting alone, has voting or investment power with respect to the Issuer
securities directly beneficially held by Holdings LLC, and, as a result, each
Individual Partner disclaims beneficial ownership of the Issuer securities
directly beneficially owned by Holdings LLC, except to the extent of such
Individual Partner's indirect pecuniary interest in Holdings LLC.
(7) Distribution of shares to the Reporting Persons'
partners.
(8) Pursuant to the Stockholders Agreement entered into between the Issuer
and each of the stockholders listed in Schedule I thereto (the
"Stockholders Agreement"), and pursuant to the Share Exchange Agreement dated
as of April 24, 1998 between the Issuer and Castle Transmission
Services (Holdings) Ltd ("CTSH"), Telediffusion de France International S.A.,
Digital Future Investments B.V. and certain shareholders of CTSH (the
"Share Exchange Agreement"), Centennial Fund V, L.P. may be deemed to be the
beneficial owner (as defined in Rule 16a-1(a)(1) promulgated under
the Securities Exchange Act of 1934, as amended) of the securities of the
Issuer owned by parties to the Stockholdes Agreement, but Centennial
Fund V, L.P. disclaims beneficial ownership of such securities, except to the
extent of its pecuniary interest therein.
(9) This form is executed by Jeffrey H. Schutz, General Partner of Holdings V,
the sole General Partner of Fund V.
Joint Filer Name: Centennial Fund IV, L.P.
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz, General Partner
of Centennial Holdings IV, L.P., a Delaware limited
partnership,
the sole General Partner of Centennial Fund IV, a Delaware
limited partnership
Joint Filer Name: Centennial Holdings IV, L.P.
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz, General Partner
of Centennial Holdings IV, L.P., a Delaware limited
partnership,
the sole General Partner of Centennial Fund IV, L. P., a
Delaware
limited partnership
Joint Filer Name: Centennial Entrepreneurs V, L.P.
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz, General Partner of
Centennial
Holdings V, L.P., a Delaware limited partnership, the
sole
General Partner of Centennial Entrepreneurs Fund V, L.P., a
Delaware limited partnership
Joint Filer Name: Centennial Fund V, L.P.
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz, General Partner
of Centennial Holdings V, L.P., a Delaware
limited
partnership, the sole General Partner of
Centennial Fund V, L.P., a Delaware
limited
partnership
Joint Filer Name: Centennial Holdings V, L.P.
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz,
General Partner
Joint Filer Name: Jeffrey H. Schutz
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz
Joint Filer Name: Centennial Holdings I, LLC
Address: 1428 15th Street
Denver, CO 80202
Signature: _____________________________________________
/s/Jeffrey H. Schutz, Director of Centennial Holdings,
Inc.,
a Delaware corporation, the sole Managing Member of
Centennial Holdings I, LLC, a Delaware
limited
liability company
SIGNATURE OF REPORTING PERSON
/s/Jeffrey H. Schutz (9)
DATE
April 10, 2000
