Windstream 2006 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2006 Windstream annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 182

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182

The following table shows information regarding outstanding awards under the Windstream equity
incentive plans held by the individuals named below as of December 31, 2006. All awards represent grants of
restricted stock under Windstream’s 2006 Equity Incentive Plan or, with respect to Mr. Raney, grants of
restricted stock under the 2005 Valor Long-Term Equity Incentive Plan.
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Stock Awards (1)
Name
Number of Shares or
Units of Stock That
Have Not Vested
(#)
Market Value
of Shares or
Units of Stock
That Have Not
Vested
($)
(2)
Equity Incentive
Plan Awards:
Number of
Unearned Shares,
Units or Other
Rights That Have
Not Vested
(#)
Equity Incentive Plan Awards: Market or
Payout Value of Unearned Shares, Units or
Other Rights That Have Not Vested
($)
(2)
Jeffery R.
Gardner - - 600,307(3) 8,536,366
Brent
Whittington
48,360 (4)
39,682 (5)
687,679
564,278
88,042 1,251,957
Francis X.
Frantz
330,466 (4)
119,047 (5)
4,699,227
1,692,848
449,513 6,392,075
Keith D.
Paglusch
39,682 (4)
39,682 (5)
564,278
564,278
79,364 1,128,556
John P.
Fletcher
37,698 (4)
37,698 (5)
536,066
536,066
75,396 1,072,131
John J. Mueller - - - -
Jerry E.
Vaughn - - - -
William J.
Ojile, Jr. - - - -
William G.
Raney 73,556 (6) 1,045,966 - -
(1) Windstream has no outstanding awards of stock options.
(2) Market value calculated using the closing price of Windstream common stock on December 29, 2006,
which was $14.22.
(3) Performance-based shares vest ratably in annual one-third (1/3) increments over the three-year period
ending August 1, 2009 if Windstream also achieves the performance objective for such annual period.
(4) Shares vest ratably in annual one-third (1/3) increments over the three-year period ending August 1, 2009.
(5) Shares vest in full on August 1, 2009.
(6) Shares vest on January 1, 2008.
26