FairPoint Communications 2009 Annual Report Download - page 60

Table of Contents
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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.
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
We did not repurchase equity securities during the three months ended December 31, 2009.

On July 1, 2009, we awarded David L. Hauser, our Chairman and Chief Executive Officer, options to purchase 1,600,000 shares of our common
stock (the "Inducement Options") and 523,810 restricted shares of our common stock (the "Inducement Restricted Stock"), pursuant to an employment
agreement we entered into with Mr. Hauser on June 11, 2009. The Inducement Options were granted at an exercise price of $0.95 and will vest in three
annual installments, beginning on July 1, 2010. The shares of Inducement Restricted Stock will vest on July 1, 2012. The vesting of the Inducement
Options and the Inducement Restricted Stock is contingent upon Mr. Hauser's continued employment with us.
We did not receive any proceeds in connection with the issuance of the Inducement Options and the Inducement Restricted Stock to Mr. Hauser.
The Inducement Options and the Inducement Restricted Stock were issued pursuant to an exemption from registration provided under Section 4(2) of
the Securities Act.
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Equity compensation
plans approved by our
stockholders 433,441 $ 15.20 8,955,363
Equity compensation
plans not approved by
our stockholders 1,600,000 $ 0.95 11,476,190
Total 2,033,441 $ 3.99 20,431,553
(1) Includes 47,373 options to purchase shares of our common stock under the FairPoint Communications, Inc. (formerly MJD
Communications, Inc.) 1998 Stock Incentive Plan, 130,935 options to purchase shares of our common stock under the FairPoint
Communications, Inc. 2000 Employee Stock Incentive Plan, 1,600,000 options to purchase shares of our common stock under
the FairPoint Communications, Inc. 2009 CEO Compensation Plan, 79,781 restricted units granted under the FairPoint
Communications, Inc. 2005 Stock Incentive Plan and 175,352 restricted units granted under the FairPoint Communications, Inc.
2008 Long Term Incentive Plan.
(2) Includes 8,955,363 shares under the FairPoint Communications, Inc. 2008 Long Term Incentive Plan and 11,476,190 shares
under the FairPoint Communications, Inc. 2009 CEO Compensation Plan.