FairPoint Communications 2003 Annual Report Download - page 63

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 
Executive Officers and Directors:
Eugene B. Johnson(2) 694,446 1.4%
Peter G. Nixon(3) 21,827 *
Walter E. Leach, Jr.(4) 204,139 *
John P. Duda(5) 157,880 *
Shirley J. Linn(6) 19,182 *
Daniel G. Bergstein(7) 2,300,140 4.6%
Frank K. Bynum, Jr.(8) 18,199,496 36.4%
Anthony J. DiNovi(9) 21,461,720 42.9%
George E. Matelich(8) 18,199,496 36.4%
Jack H. Thomas(10) 1,757,590 3.5%
Kent R. Weldon(9) 21,461,720 42.9%
All Executive Officers and Directors as a group (11 persons) 44,816,420 87.9%

Kelso Investment Associates V, L.P. and Kelso Equity Partners V,
L.P.(8) 18,199,496 36.4%
320 Park Avenue,
24th Floor New York, New York 10022
Thomas H. Lee Equity Fund IV, L.P. and affiliates(9) 21,461,720 42.9%
75 State Street Boston,
Massachusetts 02109
*Less than 1%.
(1) Unless otherwise indicated below, the persons and entities named in the table have sole voting and sole investment power with
respect to all shares beneficially owned by them, subject to community
91
property laws where applicable. The percentage of beneficial ownership is based on 50,043,224 shares of common stock outstanding
as of December 31, 2003.
(2) Includes 267,266 shares of class A common stock issuable upon exercise of options that are either currently exercisable or become
exercisable during the next 60 days. Does not include 1,499,065 shares of class A common stock issuable upon exercise of options
that are not currently exercisable or do not become exercisable during the next 60 days.
(3) Includes 12,627 shares of class A common stock issuable upon exercise of options that are either currently exercisable or become
exercisable during the next 60 days. Does not include 288,705 shares of class A common stock issuable upon exercise of options that
are not currently exercisable or do not become exercisable during the next 60 days.
(4) Includes 204,139 shares of class A common stock issuable upon exercise of options that are either currently exercisable or become
exercisable during the next 60 days. Does not include 838,539 shares of class A common stock issuable upon exercise of options that
are not currently exercisable or do not become exercisable during the next 60 days.
(5) Includes 157,880 shares of class A common stock issuable upon exercise of options that are either currently exercisable or become
exercisable during the next 60 days. Does not include 632,820 shares of class A common stock issuable upon exercise of options that
are not currently exercisable or do not become exercisable during the next 60 days.
(6) Includes 19,182 shares of class A common stock issuable upon exercise of options that are either currently exercisable or become
exercisable during the next 60 days. Does not include 123,162 shares of class A common stock issuable upon exercise of options that
are not currently exercisable or do not become exercisable during the next 60 days.
(7) Includes 2,135,140 shares of class A common stock owned by JED Communications Associates, Inc., a corporation owned 100% by
Mr. Bergstein and members of his immediate family and 165,000 shares of class A common stock owned by certain of Mr. Bergstein's
family members, for which Mr. Bergstein has both voting and disposition power.
(8) Includes 16,427,726 shares of class A common stock owned by Kelso Investment Associates V, L.P., or KIAV, and 1,771,770 shares
of class A common stock owned by Kelso Equity Partners V, L.P., or KEPV. KIAV and KEPV, due to their common control, could be
deemed to beneficially own each other's shares, but each disclaims such beneficial ownership. Joseph S. Schuchert, Frank T.
Nickell, Thomas R. Wall, IV, George E. Matelich, Michael B. Goldberg, David I. Wahrhaftig, Frank K. Bynum, Jr. and Philip E.
Berney may be deemed to share beneficial ownership of shares of class A common stock owned of record by KIAV and KEPV, by
virtue of their status as general partners of the general partner of KIAV and as general partners of KEPV. Messrs. Schuchert, Nickell,
Wall, Matelich, Goldberg, Wahrhaftig, Bynum and Berney share investment and voting power with respect to securities owned by
KIAV and KEPV, but disclaim beneficial ownership of such securities.