SEC Form 4 · accession 0001259760-15-000001
CINCINNATI BELL INC · CBB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J Wilson
Officer — VP, General Counsel
Period of report
Jan 27, 2015
Accepted (ET)
Jan 29, 2015 · 1:22 pm EST
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 StockF1 | Jan 27, 2015 | A | 51,398 | $3.09 | A | 143,232 | D | |
| Common StockF2 | Jan 27, 2015 | F | 19,239 | $3.09 | D | 123,993 | D | |
| Common Stock | holding | — | — | — | 130,000 | I | By Trustee of Executive Deferred Compensation Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3,F5 | $3.40 | Jan 27, 2015 | A | 32,467 | A | Jan 27, 2013 | Jan 27, 2022 | Common Stock | 32,467 | 129,870 | D |
| Option to BuyF4,F6 | $4.75 | Jan 27, 2015 | A | 25,453 | A | Jan 31, 2014 | Jan 30, 2023 | Common Stock | 25,453 | 71,633 | D |
Explanation of responses
- F1Common stock issued upon vesting of performance units granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan, which is a Rule 16b-3 plan.
- F2Surrender of common stock to cover tax liabilities upon vesting of performance units.
- F3Cash-settled Stock Appreciation Right (SAR) granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
- F4Option shares granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
- F5On January 27, 2012, the reporting person was granted a cash-settled Stock Appreciation Right (SAR) as to 129,870 common shares. The SAR vests in three installments based on the Company's satisfaction of certain performance criteria for the fiscal years ending December 31, 2012, 2013 and 2014. The performance criteria for 2014 were met, resulting in the vesting of the final 32,467 shares underlying the SAR.
- F6On January 30, 2013, the reporting person was granted 95,511 options. The options vest in three installments based on the Company's satisfaction of certain performance criteria for the fiscal years ending December 31, 2013, 2014 and 2015. The performance criteria for 2014 were met, resulting in the vesting of another 25,453 options.