SEC Form 4 · accession 0001180682-16-000002
CINCINNATI BELL INC · CBB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Zrno
Director
Period of report
Apr 29, 2016
Accepted (ET)
May 3, 2016 · 8:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000716133
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Apr 29, 2016 | A | 23,560 | $3.82 | A | 153,094 | D | |
| Common StockF1 | holding | — | — | — | 25,000 | I | By Family Limited Partnership |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to BuyF3 | $4.62 | holding | — | — | — | Jan 3, 2007 | Jan 3, 2017 | Common Stock | 48,400 | 48,400 | D |
| Option to BuyF4 | $5.31 | holding | — | — | — | May 3, 2007 | May 3, 2017 | Common Stock | 9,000 | 9,000 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 13,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 19,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 25,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 31,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 37,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 43,500 | D |
| Phantom SharesF5,F6 | — | holding | — | — | — | — | — | Common Stock | 6,000 | 49,500 | D |
Explanation of responses
- F1Shares held by Zrno Family Limited Partnership
- F2Restricted Stock Units (RSUs) granted under the 2007 Stock Option Plan for Non-Employee Directors, which is a Rule 16b-3 plan. The RSUs vest on the first anniversary of the grant date. Each RSU constitutes a right to receive one share of Cincinnati Bell Common Stock upon vesting.
- F3Option shares granted under the 1997 Stock Option Plan for Non-Employee Directors which is a Rule 16b-3 Plan. Under the terms of 1997 Stock Option Plan for Non-Employee Directors which is a Rule 16b-3 Plan, reporting person elected to defer a percentage of his annual retainer fee and per meeting fees in exchange for options.
- F4Option shares granted under the 2007 Stock Option Plan for Non-Employee Directors which is a Rule 16b-3 Plan.
- F5One for one conversion.
- F6Phantom shares are payable in cash following retirement or termination of the reporting person's affiliation with the Company.