Frontier Communications 2007 Annual Report Download - page 21

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CITIZENS COMMUNICATIONS COMPANY AND SUBSIDIARIES
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(a) Total
Number
of Shares
Purchased
(b) Average
Price Paid
per Share
(c) Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
(d) Maximum
Approximate Dollar
Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
(in millions)
October 1, 2007 to October 31, 2007
Share Repurchase Program (1) ............. 2,174,901 $14.20 2,174,901 $ —
Employee Transactions (2) ................ 447 $13.23 N/A N/A
November 1, 2007 to November 30, 2007
Share Repurchase Program (1) ............. — $ — — $ —
Employee Transactions (2) ................ 46,286 $12.67 N/A N/A
December 1, 2007 to December 31, 2007
Share Repurchase Program (1) ............. — $ — — $ —
Employee Transactions (2) ................ — $ — N/A N/A
Totals October 1, 2007 to December 31, 2007
Share Repurchase Program (1) ............. 2,174,901 $14.20 2,174,901 $ —
Employee Transactions (2) ................ 46,733 $12.67 N/A N/A
(1) In February 2007, our Board of Directors authorized us to repurchase up to $250.0 million of our common
stock in public or private transactions over the following twelve month period. This share repurchase
program commenced on March 19, 2007, and was completed on October 15, 2007.
(2) Includes restricted shares withheld (under the terms of grants under employee stock compensation plans) to
offset minimum tax withholding obligations that occur upon the vesting of restricted shares. The Company’s
stock compensation plans provide that the value of shares withheld shall be the average of the high and low
price of the Company’s common stock on the date the relevant transaction occurs.
17