Windstream 2008 Annual Report Download - page 27
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Please find page 27 of the 2008 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.-
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(iv) payment of initial or annual country club dues, and (v) up to $5,000 in taxable dollars for reimbursement of
financial planning and related expenses.
Information On Plan-Based Awards
The following table shows information regarding grants of plan-based awards, including equity and
non-equity incentive plans, made by Windstream during 2008 to the individuals named below. All equity grants
made in 2008 were made pursuant to Windstream’s 2006 Equity Incentive Plan.
GRANTS OF PLAN-BASED AWARDS
Name
Grant
Date
Estimated Future Payouts Under
Non-Equity Incentive Plan Award
Estimated Future Payouts Under
Equity Incentive Plan Awards
(1)
All Other Stock
Awards: Number
of Shares of Stock
or Units
(#)
(3)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
(4)
Threshold
($)
Target
($)
Maximum
($)
Target
(#) (2)
Jeffery R.
Gardner
2/6/08 495,500 991,000 1,982,000 327,272 -0- 3,599,992
Brent
Whittington
2/6/08 175,000 350,000 700,000 40,909 40,909 899,998
John P.
Fletcher
2/6/08 144,375 288,750 577,500 27,272 27,272 599,984
Richard J.
Crane
2/6/08 77,500 155,000 310,000 17,045 17,045 374,990
Robert G.
Clancy
2/6/08 57,000 114,000 228,000 11,363 11,363 249,986
(1) There is currently no threshold or maximum for the equity incentive plan awards.
(2) Equity awards vest in one-third (1/3) annual increments based on the achievement of specified levels of
OIBDA for three annual performance periods for the calendar years of 2008, 2009 and 2010, and subject to
continuous employment through the applicable anniversary of the grant date.
(3) Equity awards vest ratably in one-third (1/3) annual increments subject to continuous employment through
February 15, 2011.
(4) Grant date fair value calculated using the closing price of Windstream common stock on February 6, 2008,
which was $11.00.
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