Cincinnati Bell 2009 Annual Report Download - page 90

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 closing sales prices during each quarter for the last two fiscal years are listed below:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2009 High ............................ $2.30 $3.03 $3.56 $3.59
Low ............................ $1.30 $2.46 $2.60 $2.93
2008 High ............................ $4.52 $4.71 $4.38 $3.04
Low ............................ $3.75 $3.89 $2.98 $1.39
(b) Holders
As of February 1, 2010, the Company had 32,903 holders of record of the 201,126,463 outstanding common
shares and the 155,250 outstanding shares of the 6
3
⁄ 4 % cumulative convertible preferred stock.
(c) Dividends
The Company has not paid any dividends for the year ended December 31, 2009 and 2008 and does not
currently intend to pay dividends in the future on its common shares.
(d) Securities Authorized For Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2009 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
outstanding 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 ..................................... 24,603,051(1) $7.15 7,995,386
Equity compensation plans not approved by security
holders ..................................... 238,884(2) — —
Total ........................................ 24,841,935 $7.15 7,995,386
(1) Includes 20,172,163 outstanding stock options and stock appreciation rights not yet exercised, 212,877 shares
of time-based restricted stock, and 4,218,011 shares of performance-based awards, restrictions on which have
not expired as of December 31, 2009. 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
a number of common shares. For years beginning after 2004, the annual award is the equivalent of 6,000
common shares. As a result of a plan amendment effective as of January 1, 2005, upon termination of Board
service, non-employee directors are required to take distribution of all annual phantom stock awards in cash.
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