SEC Form 4 · accession 0001502484-16-000006
CINCINNATI BELL INC · CBB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore H. Torbeck
Officer — President & CEO
Period of report
Jan 4, 2016
Accepted (ET)
Feb 1, 2016 · 1:32 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 28, 2016 | A | 27,210 | $3.09 | A | 1,030,843 | D | |
| Common StockF2 | Jan 28, 2016 | F | 8,966 | $3.09 | D | 1,021,877 | D | |
| Common Stock | holding | — | — | — | 5,960 | I | By daughter |
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,F4 | $4.75 | Jan 28, 2016 | A | 29,848 | A | Jan 31, 2014 | Jan 30, 2023 | Common Stock | 29,848 | 119,389 | 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.
- F3Option shares granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan, which is a Rule 16b-3 plan.
- F4On January 30, 2013, the reporting person was granted 119,389 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 2015 was met, resulting in the vesting of the final 29,848 options.