US Cellular 2008 Annual Report Download - page 34
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The following table specifies the number of Common Shares which are subject to options, the value
and number of phantom Common Shares which are subject to company match awards, and the value
and number of restricted stock unit awards for each of the named executives and certain other groups of
participants under the Amended Plan as of December 31, 2008. Only awards that are outstanding as of
December 31, 2008 are listed because future awards are not determinable.
PLAN BENEFITS
2005 LONG-TERM INCENTIVE PLAN
Company Match Award (2) Restricted Stock Units
Number Of Common
Shares Subject To Number of Number of
Name Options(1) Dollar Value(3) Shares Dollar Value(3) Shares
John E. Rooney ............... 136,000 $311,804 7,211 $ — —
President and Chief Executive
Officer
Steven T. Campbell ............. 51,339 $ — — $ 425,179 9,833
Executive Vice President-Finance,
Chief Financial Officer and Treasurer
Jay M. Ellison ................. 142,520 $ 26,030 602 $ 1,078,752 24,948
Executive Vice President and Chief
Operating Officer
Michael S. Irizarry .............. 96,157 $ — — $ 762,494 17,634
Executive Vice President—
Engineering and Chief Technical
Officer
Jeffrey J. Childs ............... 78,500 $ — — $ 484,202 11,198
Senior Vice President and Chief
Human Resources Officer
Other Executives ............... 48,826 $ 10,594 245 $ 136,768 3,163
Executive Group ............... 553,342 $348,428 8,058 $ 2,887,395 66,776
Non-Executive Director Group ..... — $ — — $ — —
Non-Executive Employee Group .... 1,072,480 $ 55,650 1,287 $16,877,523 390,322
Total ......................... 1,625,822 $404,078 9,345 $19,764,918 457,098
(1) Since the exercise price for all options is equal to the fair market value of the Common Shares on
the grant date, no value was assigned to the options for purposes of the above table.
(2) Represents the dollar value and the number of shares of the company match award, which is
represented by phantom Common Shares of U.S. Cellular.
(3) The dollar value as of December 31, 2008 is calculated using the closing price of Common Shares
on December 31, 2008 of $43.24.
This description of the 2005 Long-Term Incentive Plan, as amended, is a summary only and is
qualified by the terms of the 2005 Long-Term Incentive Plan, as amended, itself, a copy of which is
attached to this proxy statement as Exhibit C.
The board of directors recommends a vote ‘‘FOR’’ approval of the 2005 Long-Term Incentive
Plan, as amended.
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