Cincinnati Bell 2007 Annual Report Download - page 97

PART II
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
(a) Market Information
The Company’s common shares (symbol: CBB) are listed on the New York Stock Exchange. The high and
low daily closing prices during each quarter for the last two fiscal years are listed below:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2007 High ............................ $5.04 $6.14 $5.95 $5.58
Low ............................ $4.26 $4.70 $4.41 $4.34
2006 High ............................ $4.52 $4.45 $5.14 $4.93
Low ............................ $3.45 $3.75 $3.75 $4.29
(b) Holders
As of February 1, 2008, there were 47,918 holders of record of the 248,375,399 outstanding common shares
of the Company.
(c) Dividends
The Company does not currently intend to pay dividends on its common shares and furthermore certain
covenants in its various debt agreements restrict its ability to pay dividends to its common shareowners. For
additional information about the restrictions on the Company’s ability to pay dividends, see Note 7 to the
Consolidated Financial Statements.
(d) Issuances Under Compensation Plans
The following table provides information as of December 31, 2007 regarding securities of the Company to
be issued and remaining available for issuance under the equity compensation plans of the Company.
Plan Category
Number of
securities to be
issued upon
exercise of stock
options, awards,
warrants and
rights
Weighted-
average exercise
price of
outstanding stock
options, awards,
warrants and
rights
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities reflected in
column (a))
(a) (b) (c)
Equity compensation plans approved by security
holders ...................................... 23,932,258(1) $10.76 6,658,996
Equity compensation plans not approved by security
holders ...................................... 218,332(2) — —
Total ......................................... 24,150,590 $10.76 6,658,996
(1) Includes 20,624,959 outstanding stock options not yet exercised, 375,154 shares of time-based restricted
stock, and 2,932,145 shares of performance-based awards, restrictions on which have not yet expired as of
December 31, 2007. Awards were granted under various incentive plans approved by Cincinnati Bell Inc.
shareholders. The number of performance-based awards assumes the maximum awards that can be earned if
the performance conditions are achieved.
(2) The shares to be issued relate to deferred compensation in the form of previously received special awards and
annual awards to non-employee directors pursuant to the “Deferred Compensation Plan for Outside
Directors.” From 1997 through 2004, the directors received an annual award of phantom stock equivalent to
common shares (250 common shares in 1997, 500 common shares in 1998, 1,163 common shares in 1999
and 1,500 common shares from 2000-2004) and for years beginning after 2004, the annual award is the
equivalent of 6,000 common shares. As a result of the plan amendment effective as of January 1, 2005, upon
termination of Board service, directors are required to take distribution of all annual phantom stock awards in
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Form 10-K