Windstream 2006 Annual Report Download - page 46
Download and view the complete annual report
Please find page 46 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.-
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
 |
 |
A participant in the Plan will be taxed at ordinary income rates on the amount of any cash payment
received pursuant to the Plan. Windstream or the subsidiary for which the participant performs services will be
entitled to a federal income tax deduction corresponding to the amount of income recognized by a participant in
the Plan, provided that, among other things, (a) the income meets the test of reasonableness, (b) is an ordinary
and necessary business expense, and (c) is not an “excess parachute payment” within the meaning of
Section 280G of the Internal Revenue Code.
Plan Benefits
Future benefits to be received by a person or group under the Plan are not determinable at this time and
will depend on individual and corporate performance. Actual awards under the Plan to named executive officers
for 2006 are reported in this proxy statement in the “Non-Equity Incentive Plan Compensation” column of the
Summary Compensation Table. No other executive officers participated in the Plan during 2006.
Current Equity Compensation Plan Information
Under the Windstream’s equity-based compensation plans, Windstream may issue restricted stock and
other equity securities to directors, officers and other key employees. The maximum number of shares available
for issuance under the Windstream 2006 Equity Incentive Plan is 10.0 million shares.
The following table sets forth information about Windstream’s equity compensation plans as of
February 28, 2007:
Securities Authorized for Issuance Under Equity Compensation Plans
Equity Compensation Plan Information
Plan Category Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights [a]
Weighted-average exercise
price of outstanding
options, warrants and
rights [b]
Number of securities
remaining available for
future issuance under
equity compensation plans
[c] (excluding securities
reflected in column [a])
Equity compensation
plans not approved by
security holders - - -
Equity compensation
plans approved by
security holders - - 6,357,976(1)
Total 6,357,976
(1) The Windstream Corporation 2006 Equity Incentive Plan was approved by stockholders of Valor on
June 27, 2006.
42