Cincinnati Bell 2011 Annual Report Download - page 47

EQUITY COMPENSATION PLAN INFORMATION
The following table provides information as of December 31, 2011 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, warrants
and rights
(a)
Weighted-average
exercise price of
outstanding stock options,
awards, warrants and
rights
(b)
Number of securities
remaining available for
future issuance under
equity compensation plans
(excluding securities
reflected in column (a))
(c)
Equity compensation plans approved
by security holders .............. 16,855,474(1) $3.57 6,955,209
Equity compensation plans not
approved by security holders ...... 249,276(2) — —
Total ........................... 17,104,750 $3.57 6,955,209
(1) Includes 14,152,401 outstanding stock options and stock appreciation rights not yet exercised, 871,880 shares
of time-based restricted stock, and 1,831,193 shares of performance-based awards, restrictions on which have
not expired as of December 31, 2011. These awards were granted under various incentive plans approved by
the Company’s 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 Non-Employee
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 and before 2012, the annual award was 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. Therefore, the number of actual shares of common stock to be issued pursuant to the
plan as of December 31, 2011 is approximately 14,000. 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.
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Proxy Statement