Cincinnati Bell 2008 Annual Report Download - page 120
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service, non-employee directors are required to take distribution of all annual phantom stock awards in cash.
Therefore, the number of actual shares of common stock to be issued pursuant to the plan as of December 31,
2008 is approximately 21,000. This plan also provides that no awards are payable until such non-employee
director completes at least five years of active service as a non-employee director, except if he or she dies
while serving as a member of the Board of Directors.
(e) Stock Performance
The graph below shows the cumulative total shareholder return assuming the investment of $100 on
December 31, 2003 (and the reinvestment of dividends thereafter) in each of (i) the Company’s common shares
(ii) the S&P 500 ®Stock Index, and (iii) the S&P©Integrated Telecommunications Services Index.
Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Cincinnati Bell, Inc. $82 $70 $90 $94 $38$100
$111 $116 $135 $142 $90$100
$114 $108 $162 $192 $144$100
S&P 500
S&P Integrated Telecommunication
Services
Copyright © 2009, Standard & Poor's, a division of The McGraw-Hill Companies, Inc. All rights reserved. (www.researchdatagroup.com/S&P.htm)
CUMULATIVE TOTAL RETURN
Based upon an initial investment of $100 on December 31, 2003
with dividends reinvested
$0
$50
$100
$150
$250
$200
Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08
Cincinnati Bell, Inc.
S&P 500
S&P Integrated Telecommunication Services
(f) Issuer Purchases of Equity Securities
The following table provides information regarding the Company’s purchases of its common stock during
the quarter ended December 31, 2008:
Total Number of
Shares (or Units)
Purchased
Average Price Paid
per Share (or Unit)
Total Number of
Shares (or Units)
Purchased as Part of
Publicly Announced
Plans or Programs*
Approximate Dollar
Value of Shares that
May Yet Be
Purchased Under
Publicly Announced
Plans or Programs
(in millions) *
10/1/2008 – 10/31/2008 ........... 2,523,550 $2.41 2,523,550 $76.4
11/1/2008 – 11/30/2008 ........... 1,599,400 1.99 1,599,400 73.2
12/1/2008 – 12/31/2008 ........... — n/a — 73.2
* In February 2008, the Company’s Board of Directors approved the repurchase of the Company’s outstanding
common stock in an amount up to $150 million over the next two years.
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