Charter 2003 Annual Report Download - page 15

The following table sets forth information as of December 31, 2003 with respect to the shares of common
stock of Charter on an actual outstanding, ""as converted'' and ""fully diluted'' basis:
Charter Communications, Inc.
As Converted Shares Fully Diluted Shares
Outstanding (assuming only Outstanding (assuming
the exchange of all exchange/conversion of all
one-for-one exchangeable exchangeable/convertible
Actual Shares Outstanding(a) units)(a)(b) securities)(c)
Number Percentage
Number of Percentage of of Fully of Fully
Number of Percentage As Converted As Converted Diluted Diluted
Common of Common Common Common Common Common
Shares Shares Voting Shares Shares Shares Shares
Outstanding Outstanding Percentage Outstanding Outstanding Outstanding Outstanding
Class A Common Stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 295,038,606 99.98% 8.00% 295,038,606 46.52% 295,038,606 41.04%
Class B Common Stock ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 50,000 0.02% 92.00% 50,000 00.01% 50,000 *
Total Common Shares Outstanding 295,088,606 100.00% 100.00%
One-for-One Exchangeable Equity in
Subsidiaries:
Charter Investment, Inc.ÏÏÏÏÏÏÏÏÏÏÏÏ 222,818,858 35.13% 222,818,858 30.99%
Vulcan Cable III, Inc. ÏÏÏÏÏÏÏÏÏÏÏÏÏ 116,313,173 18.34% 116,313,173 16.18%
Total As Converted Shares
Outstanding ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 634,220,637 100.00%
Other Convertible Securities in Charter
Communications, Inc.
Convertible Preferred Stock(e) ÏÏÏÏÏÏ 2,206,633(d) 0.31%
Convertible Debt
5.75% Convertible Senior Notes(f) 28,665,631(d) 3.99%
4.75% Convertible Senior Notes(g) 5,939,276(d) 0.83%
Employee, Director and Consultant
Stock Options(h) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 47,882,365(d) 6.66%
Fully Diluted Common Shares
Outstanding ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 718,914,542 100.00%
(a) Paul G. Allen owns approximately 10% of the outstanding common stock of Charter (approximately 58%
assuming exchange of all units in Charter Holdco held by him and his aÇliates) and beneÑcially controls
approximately 93% of the voting power of Charter's capital stock. Mr. Allen, as sole holder of the shares
of Class B common stock, is entitled to ten votes for each share of Class B common stock held by him
and his aÇliates and for each membership unit in Charter Holdco held by him and his aÇliates. The
amounts exclude any shares of Charter Class A common stock that would be issuable upon exchange of
membership units in Charter Holdco, which may be issued in exchange for preferred membership units in
CC VIII, LLC held by an entity controlled by Mr. Allen. An issue has arisen regarding the ultimate
ownership of these CC VIII membership units following the consummation of this put right. See
""Certain Relationships and Related Transactions Ì Transactions Arising Out of Our Organizational
Structure and Mr. Allen's Investment in Charter Communications, Inc. and Its Subsidiaries Ì Equity
Put Rights Ì CC VIII'' in the Charter Communications, Inc. 2004 Proxy Statement available at
www.sec.gov for additional information.
(b) Represents ""as converted'' shares outstanding, assuming only the exchange of membership units in a
Charter subsidiary (Charter Holdco), which units are exchangeable by the current holders for shares of
Charter Class A common stock on a one-for-one basis at any time pursuant to exchange agreements
between the holders of such units and Charter.
(c) Represents ""fully diluted'' common shares outstanding, assuming exercise, exchange or conversion of all
outstanding options and other convertible securities, including the exchangeable membership units
described in note (b) above, all shares of Series A convertible redeemable preferred stock of Charter, all
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