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FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
F-22
The following summary presents information regarding outstanding stock options and changes with regard to options
under the EIP:
Weighted Weighted
Shares Average Average Aggregate
Subject to Option Price Remaining Intrinsic
Option Per Share Life in Years Value
Balance at January 1, 2009 3,713,000 13.46$ 2.5 495,000$
Options granted - -$
Options exercised (114,000) 6.58$ 65,000$
Options canceled, forfeited or lapsed (48,000) 9.24$
Balance at December 31, 2009 3,551,000 13.74$ 1.5 -$
Options granted - -$
Options exercised - -$
Options canceled, forfeited or lapsed (2,044,000) 16.13$
Balance at December 31, 2010 1,507,000 10.50$ 1.7 603,000$
Options granted - -$
Options exercised (10,000) 8.19$ 12,000$
Options canceled, forfeited or lapsed (602,000) 10.86$
Balance at December 31, 2011 895,000 9.94$ 1.3 -$
The following table summarizes information about shares subject to options under the EIP at December 31, 2011:
Weighted Average Weighted
Number Range of Weighted Average Remaining Number Average
Outstanding Exercise Prices Exercise Price Life in Years Exercisable Exercise Price
338,000 $ 8.19-8.19 $8.19 0.37 338,000 $8.19
438,000 10.44-10.44 $10.44 0.69 438,000 $10.44
119,000 11.90-14.15 $13.10 3.61 119,000 $13.10
895,000 $ 8.19-14.15 $9.94 1.31 895,000 $9.94
Options ExercisableOptions Outstanding
The number of options exercisable at December 31, 2010 and 2009 were 1,507,000 and 3,551,000, with a weighted
average exercise price of $10.50 and $13.74, respectively.
Cash received upon the exercise of options during 2011, 2010 and, 2009 was $0.1 million, $0 million and $0.8 million,
respectively. There were no stock options granted during 2009, 2010 and 2011 under the EIP. There is no remaining
unrecognized compensation cost associated with unvested stock options at December 31, 2011.