Windstream 2008 Annual Report Download - page 28

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The following table shows information regarding outstanding awards under the Windstream equity incentive
plans held by the individuals named below as of December 31, 2008. All awards represent grants of restricted
stock under Windstream’s 2006 Equity Incentive Plan.
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Stock Awards (1)
Time-Based Vesting Restricted Stock Performance-Based Vesting Restricted Stock
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 -0- -0- 200,102(3) 1,840,938
-0- -0- 112,536(4) 1,035,331
-0- -0- 327,272(5) 3,010,903
639,910 5,887,172
Brent Whittington 16,120(6) 148,304 -0- -0-
39,682(7) 365,074 -0- -0-
14,629(8) 134,587 14,629(4) 134,587
40,909(9) 376,363 40,909(5) 376,363
111,340 1,024,328 55,538 510,950
John P. Fletcher 12,566(6) 115,607 -0- -0-
37,698(7) 346,822 -0- -0-
11,253(8) 103,528 11,253(4) 103,528
27,272(9) 250,902 27,272(5) 250,902
88,789 816,859 38,525 354,430
Richard J. Crane 7,668(6) 70,546 -0- -0-
11,904(7) 109,517 -0- -0-
5,626(8) 51,759 5,626(4) 51,759
17,045(9) 156,814 17,045(5) 156,814
42,243 388,636 22,671 208,573
Robert G. Clancy 6,975(6) 64,170 -0- -0-
19,841(7) 182,537 -0- -0-
5,064(8) 46,589 5,064(4) 46,589
18,867(10) 173,577 -0- -0-
11,363(9) 104,539 11,363(5) 104,539
62,110 571,412 16,427 151,128
(1) Windstream has no outstanding awards of stock options.
(2) Market value calculated using the closing price of Windstream common stock on December 31, 2008,
which was $9.20.
(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 the period January 1 –
December 31, 2008.
(4) Performance-based shares vest ratably in annual one-third (1/3) increments over the three-year period
ending February 15, 2010 if Windstream also achieves the performance objectives for three annual performance
periods for the calendar years 2007, 2008 and 2009.
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