Frontier Communications 2008 Annual Report Download - page 21

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ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
Maximum
Approximate
Dollar Value of
Shares that
May Yet Be
Purchased
Under the Plans
or Programs
October 1, 2008 to October 31, 2008
Share Repurchase Program(1) ................... 327,700 $11.60 327,700 $ —
Employee Transactions(2) ....................... — $ — N/A N/A
November 1, 2008 to November 30, 2008
Share Repurchase Program(1) ................... — $ — — $ —
Employee Transactions(2) ....................... — $ — N/A N/A
December 1, 2008 to December 31, 2008
Share Repurchase Program(1) ................... — $ — — $ —
Employee Transactions(2) ....................... 223 $ 8.63 N/A N/A
Totals October 1, 2008 to December 31, 2008
Share Repurchase Program(1) ................... 327,700 $11.60 327,700 $ —
Employee Transactions(2) ....................... 223 $ 8.63 N/A N/A
(1) In February 2008, our Board of Directors authorized us to repurchase up to $200.0 million of our common
stock in public or private transactions over the following twelve month period. This share repurchase
program commenced on March 4, 2008, and was completed on October 3, 2008.
(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.
20
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES