Cincinnati Bell 2010 Annual Report Download - page 67

(a) All options and SARs granted are for a maximum period of ten years from the date of grant and vest over a three year period. These
awards vest 28% on the first anniversary of the original date of grant and, thereafter, at the rate of 3% per month for the next 24 months.
(b) Amounts in the column include performance units granted for the 2008 – 2010 performance cycle less performance units earned and
vested for (i) the 2008 period on February 27, 2009 and (ii) the 2008 – 2009 cumulative period on February 28, 2010. Amounts also
include performance units granted for the 2009 – 2011 performance cycle less performance units earned and vested for the 2009 period
on February 28, 2010. The amount also includes the performance unit grant made to each of the executives, except for Mr. Cassidy who
was awarded a cash payment performance award, for the 2010 – 2012 performance cycle on January 29, 2010.
(c) Assuming the target number of shares are earned, amounts represent the equity incentive plan awards not yet vested. The value is based
on the closing price of the Company’s common shares on December 31, 2010 ($2.80).
Option Exercises and Stock Vested
The following table sets forth information concerning the exercise of options and the vesting of stock held
by the Named Executive Officers during the year ended December 31, 2010:
Option Exercises and Stock Vested in 2010
Option Awards Stock Awards
Name
Number of Shares
Acquired on Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on Vesting
(#)
Value Realized on
Vesting
($) (a)
John F. Cassidy ................... — — 303,139 879,103
Gary J. Wojtaszek ................. — — 132,364 383,856
Theodore H. Torbeck .............. — — 300,000 792,000
Tara L. Khoury ................... — — 125,000 362,500
Christopher J. Wilson .............. 37,867 112,425 154,053 446,754
Brian A. Ross .................... 243,825 754,912 236,860 686,894
(a) For Messrs. Cassidy, Wojtaszek, Wilson, and Ross and Ms. Khoury the amounts represent the closing price
of the shares acquired by each of the executives on February 1, 2010 ($2.90), which was the date such awards
vested. For Mr. Torbeck the amounts represent the closing price of the shares acquired on September 27,
2010 ($2.64), which was the date his awards were granted.
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Proxy Statement