Windstream 2006 Annual Report Download - page 29

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Information On Plan-Based Awards
The following table shows information regarding grants of plan-based awards, including equity and
non-equity incentive plans, made by Windstream or Valor during 2006 to the individuals named below. All
equity grants made in 2006 were made pursuant to Windstream’s 2006 Equity Incentive Plan.
GRANTS OF PLAN-BASED AWARDS
Name Grant
Date
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards Estimated Future Payouts Under
Equity Incentive Plan Awards
All Other Stock
Awards: Number
of Shares of Stock
or Units
(#)
(3)
Grant Date
Fair Value of
Stock and
Option
Awards
($)
(4)
Threshold
($)
Target
($)(1)
Maximum
($)
Threshold
(#)
Target
(#)(2)
Maximum
(#)
Jeffery R.
Gardner
8-2-06 350,000 700,000 1,400,000 -600,307 --
7,563,868
Brent
Whittington
8-2-06 113,750 227,500 341,250 - - - 88,042 1,109,329
Francis X.
Frantz
8-2-06 225,000 450,000 900,000 - - - 449,513 5,663,864
Keith D.
Paglusch
8-2-06 98,438 196,875 295,313 - - - 79,364 999,986
John P.
Fletcher
8-2-06 85,313 170,625 255,938 - - - 75,396 949,990
John J.
Mueller
----- -- - -
Jerry E.
Vaughn
----- -- - -
William M.
Ojile, Jr.
----- -- - -
William G.
Raney
----- -- - -
(1) Includes estimates at time of grant for 2006 short-term incentives. Corresponding actual payouts are
included under “Non-Equity Incentive Plan Compensation” column of the Summary Compensation Table.
(2) Equity awards for Mr. Gardner vest in one-third (1/3) annual increments based on the achievement of
specified levels of OIBDA for three performance periods of July 17 to December 31, 2006, January 1 to
December 31, 2007, and January 1 to December 31, 2008 and subject to continuous employment through the
applicable anniversary of the grant date.
(3) Equity awards for Messrs. Whittington, Paglusch and Fletcher in the amount of 48,360, 39,682 and 37,698
shares, respectively, vest ratably in one-third (1/3) annual increments subject to continuous employment through
August 1, 2009. Awards for Messrs. Whittington, Paglusch and Fletcher in the amounts of 39,682, 39,682, and
37,698 shares, respectively, are subject to one-time cliff vesting if executive remains continuously employed
through August 1, 2009. Equity awards for Mr. Frantz in the amount of 330,466 shares vest ratably in one-third
(1/3) annual increments subject to continuous service on the Windstream Board of Directors through August 1,
2009. An award of 119,047 shares to Mr. Frantz is subject to one-time cliff vesting if he remains on the
Windstream Board through August 1, 2009.
(4) Grant date fair value calculated using the closing price of Windstream common stock on August 2, 2006,
which was $12.60.
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