FairPoint Communications 2009 Annual Report Download - page 200

Table of Contents
(2) Column (c) reflects the grant date fair value of stock awards, computed in accordance with the Compensation-Stock Compensation Topic of the
ASC. As of December 31, 2009, each director has the following number of restricted stock units outstanding: Mr. Gilbane, 27,161; Mr. Hauser,
36,775; Mr. Lilien, 34,421; Mr. Lilly, 36,775; Ms. Newman, 28,904; and Mr. Tuttle, 27,161. Included in these totals are restricted stock units
that were granted to the directors in lieu of dividends. These awards vest in four quarterly installments from the grant date, and the holders
thereof are entitled to receive dividends on such awards from the date of grant, whether or not vested. Please see note 15 to FairPoint's
Consolidated Financial Statements for the fiscal year ended December 31, 2009 for more information about the assumptions that FairPoint uses
to determine the grant date value of the awards.
(3) Ms. Garrison-Corbin resigned from our board of directors effective August 17, 2009.
(4) Messrs. Gilbane, Kennedy, and Tuttle were nominated by Verizon and appointed as directors by our board of directors effective as of March 31,
2008.
(5) Mr. Hauser was appointed as our Chief Executive Officer effective July 1, 2009, at which time he resigned his position as chair of the
compensation committee and ceased to earn compensation as a non-employee director.
(6) Mr. Kennedy resigned from our board of directors effective September 28, 2009.
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