Cincinnati Bell 2006 Annual Report Download - page 67

Option Exercises and Stock Vested
The following table sets forth information concerning the exercise of options and the vesting of stock held
by the Named Executive Officers during the fiscal year ended December 31, 2006:
Option Exercises and Stock Vested in 2006 Fiscal Year
Option Awards Stock Awards
Name
Number of Shares
Acquired on Exercise
(#)
Value Realized
on Exercise
($)
Number of Shares
Acquired on Vesting
(#) (a)
Value Realized
on Vesting
($) (b)
John F. Cassidy ................ — — 255,896 1,046,615
Brian A. Ross .................. — — 37,840 150,066
Rodney D. Dir ................. — — 13,920 56,933
Michael W. Callaghan ........... — — 10,000 36,200
Christopher J. Wilson ........... — — 23,920 93,133
(a) Mr. Cassidy and Mr. Ross both elected to defer their share awards earned under the 2005 — 2007
performance period and attributable to 2005 performance, 255,896 shares in the case of Mr. Cassidy and
27,840 shares in the case of Mr. Ross.
(b) Amounts represent the fair market value of the shares acquired by each of the executives on the date such
awards vested. The value of the 10,000 time-based restricted shares that vested for each of Messrs. Ross,
Callaghan and Wilson, is calculated based on the closing price of the Company’s common shares on the
NYSE on February 3, 2006 ($3.62). For all other shares that vested in 2006, which were awarded under the
2005 — 2007 performance period, the value is calculated based on the closing price of the Company’s
common shares on the NYSE on February 28, 2006 ($4.09). Messrs. Cassidy and Ross deferred receipt of the
shares awarded for the 2005-2007 performance period. Deferrals of share awards are required, under the
terms of the 1997 Cincinnati Bell Inc. Executive Deferred Compensation Plan, to be invested in common
shares of the Company for a period of at least six months. Shares deferred are payable upon the termination
of employment in two annual installments beginning the later of six months following the date of termination
of employment or March 1st of the year following the year in which the executive terminates his employment
with the Company.
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Proxy Statement