Cincinnati Bell 2010 Annual Report Download - page 113

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 sale prices during each quarter for the last two fiscal years are listed below:
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2010 High ............................ $3.62 $3.74 $3.08 $2.81
Low ............................ $2.73 $2.98 $2.30 $2.34
2009 High ............................ $2.30 $3.03 $3.56 $3.59
Low ............................ $1.30 $2.46 $2.60 $2.93
(b) Holders
As of February 1, 2011, the Company had 13,171 holders of record of the 198,771,550 outstanding common
shares and the 155,250 outstanding shares of the 63/4% cumulative convertible preferred stock.
(c) Dividends
The Company paid dividends on the 63/4% cumulative preferred stock on a quarterly basis for each of 2010
and 2009. The Company did not pay any common stock dividends for the years ended December 31, 2010 and
2009 and does not currently intend to pay dividends in the future on its common stock.
(d) Securities Authorized For Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2010 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 ..................................... 20,686,570(1) $5.55 8,085,969
Equity compensation plans not approved by security
holders ..................................... 216,330(2) — —
Total ........................................ 20,902,900 $5.55 8,085,969
(1) Includes 17,816,621 outstanding stock options and stock appreciation rights not yet exercised, 229,436 shares
of time-based restricted stock, and 2,640,513 shares of performance-based awards, restrictions on which have
not expired as of December 31, 2010. 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
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Form 10-K