Cincinnati Bell 2012 Annual Report Download - page 102

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
2012 High ............................ $4.18 $4.07 $5.70 $5.75
Low ............................ $3.14 $3.36 $3.57 $4.87
2011 High ............................ $3.12 $3.32 $3.60 $3.28
Low ............................ $2.46 $2.64 $2.84 $2.80
(b) Holders
As of January 31, 2013, the Company had 12,162 holders of record of the 202,678,684 outstanding common
shares and the 155,250 outstanding shares of the 6 3/4% Cumulative Convertible Preferred Stock.
(c) Dividends
In 2012 and 2011, the Company paid $10.4 million of dividends on its 6 3/4% Cumulative Convertible
Preferred Stock. In 2012 and 2011, the Company did not pay any dividends on its common stock and does not
intend to pay any common stock dividends in 2013.
(d) Securities Authorized For Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2012 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 .................................. 12,522,782(1) $3.82 4,793,601
Equity compensation plans not approved by security
holders .................................. 249,275(2) — —
Total ...................................... 12,772,057 $3.82 4,793,601
(1) Includes 9,538,031 outstanding stock options and stock appreciation rights not yet exercised, 1,297,515
shares of time-based restricted stock, and 1,687,236 shares of performance-based awards, restrictions on
which have not expired as of December 31, 2012. 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 2011, the directors received an annual award of phantom stock equivalent to
a number of common shares. In 2012, no such award was granted. 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
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Form 10-K Part II Cincinnati Bell Inc.