Frontier Communications 2007 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2007 Frontier Communications annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
STOCKHOLDER RETURN PERFORMANCE GRAPH
The following performance graph compares the cumulative total return of our common stock to the S&P
500 Stock Index and to the S&P Telecommunication Services Index for the five-year period commencing
December 31, 2002.
COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN
Among Citizens Communications Company, the S&P 500 index,
and the S&P Telecommunication Servcies index
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
12/02 12/03 12/04 12/05 12/06 12/07
Citizens Communications Company S&P 500 Index S&P Telecommunications Services
The graph assumes that $100 was invested on December 31, 2002 in each of our common stock, the S&P
500 Stock Index and the S&P Telecommunications Services Index and that all dividends were reinvested.
INDEXED RETURNS
Base
Period
12/02
Years Ending
Company / Index 12/03 12/04 12/05 12/06 12/07
Citizens Communications Company .................. 100 117.73 156.79 150.04 189.56 180.03
S&P 500 Index .................................. 100 128.68 142.69 149.70 173.34 182.86
S&P Telecommunications Services .................. 100 107.08 128.34 121.12 165.69 185.48
RECENT SALES OF UNREGISTERED SECURITIES,
USE OF PROCEEDS FROM REGISTERED SECURITIES
Since March 9, 2007, the Company’s employees who participate in the Commonwealth Builder 401(k) Plan
(CTE 401(k) Plan), which was taken over by the Company upon the acquisition of CTE, were inadvertently
permitted to purchase in the open market approximately 149,000 shares of the Company’s common stock that
were not registered for purchase by the CTE 401(k) Plan utilizing a Registration Statement on Form S-8 under
the Securities Act of 1933. All such shares were purchased by the trustee of the CTE 401(k) Plan on behalf of
participants through open market purchases, and the Company received no proceeds from these transactions.
Effective December 31, 2007, the CTE 401(k) Plan was merged into the Citizens 401(k) Savings Plan and the
shares purchased thereunder are registered under a Form S-8.
16