FairPoint Communications 2004 Annual Report Download - page 33

Available cash (as defined in our credit facility) does not represent the amount we intend to distribute as dividends for any period but
rather is a restriction on the maximum level of dividend payments, if any, that we will be permitted to declare and pay under the terms of our
credit facility.

The table below provides information, as of the end of the most recently completed fiscal year, concerning securities authorized for
issuance under our equity compensation plans.






















Equity compensation plan
approved by our
stockholders 1,215,701(1)(2)$14.88(1) 2,166,323(3)
Equity compensation plans
not approved by our
stockholders 0 $0 0
(1) Includes 832,888 options to purchase our common stock issued under the FairPoint Communications, Inc. (formerly MJD
Communications, Inc.) Stock Incentive Plan which are vested but not currently exercisable, with a weighted average exercise price of
$10.80. Also includes 240,638 options to purchase our common stock under the FairPoint Communications, Inc. 2000 Employee
Stock Incentive Plan which are vested and exercisable, with a weighted average exercise price of $36.94.
(2) Does not include 473,716 shares of restricted stock issued on February 15, 2005 under the FairPoint Communications, Inc. 2005
Stock Incentive Plan.
(3) Does not include 473,725 shares of our common stock which may be issued in the future pursuant to awards which may be granted
under the FairPoint Communications, Inc. 2005 Stock Incentive Plan.
For a description of our equity compensation plans, see "Item 11. Executive Compensation."
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