FairPoint Communications 2013 Annual Report Download - page 36

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34
Equity Compensation Plan Information
(a) (b) (c)
Plan Category
Number of securities
to be issued upon
exercise of
outstanding options,
warrants and rights (1)
Weighted average
exercise price of
outstanding options,
warrants and rights
Number of securities
remaining available
for future issuance
under equity
compensation plans
(excluding securities
reflected in column (a)) (2)
Equity compensation plans approved by our
stockholders —N/A —
Equity compensation plans not approved by our
stockholders 1,399,123 $ 16.74 972,399
Total 1,399,123 $ 16.74 972,399
(1) Includes 1,399,123 options to purchase shares of common stock under the Long Term Incentive Plan.
(2) Per the Long Term Incentive Plan, if the consolidated enterprise value of the Company (as defined in the Long Term
Incentive Plan) does not equal or exceed $2.3 billion on or prior to the expiration of the warrants, then the aggregate
number of shares of common stock available for issuance pursuant to future awards will be automatically reduced by
310,326 shares.
Repurchase of Equity Securities
We did not repurchase any equity securities during the three months ended December 31, 2013.
ITEM 6. SELECTED FINANCIAL DATA
As of January 24, 2011, we adopted fresh start accounting in accordance with guidance under the applicable reorganization
accounting rules, pursuant to which our reorganization value was allocated to our assets in conformity with guidance under the
applicable accounting rules for business combinations, using the purchase method of accounting for business combinations. In
addition to fresh start accounting, our consolidated financial statements reflect all effects of the transactions contemplated by the
Plan. Therefore, our consolidated statements of financial position and consolidated statements of operations subsequent to January
24, 2011 are not comparable in many respects to our consolidated statements of financial position and consolidated statements of
operations for periods prior to January 24, 2011. For more information regarding fresh start accounting, see note (4) "Reorganization
Under Chapter 11" to our consolidated financial statements in "Item 8. Financial Statements and Supplementary Data" included
elsewhere in this Annual Report.
The summary financial data presented below represents portions of our consolidated financial statements and are not
complete. The following financial information should be read in conjunction with "Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations" and our consolidated financial statements and notes thereto contained in "Item
8. Financial Statements and Supplementary Data" included elsewhere in this Annual Report. Historical results are not necessarily
indicative of future performance or results of operations. Amounts are in thousands, except access lines, per share data and units.