Windstream 2009 Annual Report Download - page 28
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compensation of Windstream’s employee pilots and other general charges related to ownership of the aircraft,
and (iv) imputed income for value over $50,000 of life insurance coverage provided by the Company. For 2007
and 2008, “All Other Compensation” included payment of initial or annual country club dues and reimbursement
of financial planning and related expenses, which were eliminated in 2009.
Information On Plan-Based Awards
The following table shows information regarding grants of plan-based awards, including equity and
non-equity incentive plans, made by Windstream during 2009 to the individuals named below. All equity grants
made in 2009 were made pursuant to Windstream’s 2006 Equity Incentive Plan.
GRANTS OF PLAN-BASED AWARDS
Name
Grant
Date
Estimated Future Payouts Under
Non-Equity Incentive Plan Award
Estimated Future Payouts Under
Equity Incentive Plan Awards
(1)
All Other Stock
Awards: Number
of Shares of Stock
or Units
(#)
(3)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
(4)(5)
Threshold
($)
Target
($)
Maximum
($)
Target
(#) (2)
Jeffery R. Gardner 2/2/09 495,500 991,000 1,982,000 414,269 0 3,599,998
Anthony W. Thomas 2/2/09 80,646 161,292 322,583 14,384 14,384 249,994
Brent Whittington 2/2/09 192,500 385,000 770,000 51,783 51,783 899,989
John P. Fletcher 2/2/09 144,375 288,750 577,500 34,522 34,522 599,992
Richard J. Crane 2/2/09 77,500 155,000 310,000 21,576 21,576 374,991
(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 2009, 2010 and 2011, 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, 2012.
(4) Grant date fair value calculated using the closing price of Windstream common stock on February 2, 2009,
which was $8.69.
(5) For 2010, the Compensation Committee granted one-hundred percent (100%) performance-based restricted
stock for Mr. Gardner with a grant date value of $3,600,000 and fifty percent (50%) each of time-based and
performance-based restricted stock for Messrs. Thomas, Whittington, Fletcher and Crane in the amounts of
$500,000, $900,000, $650,000 and $375,000, respectively.
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