Windstream 2010 Annual Report Download - page 33

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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 2010 to the individuals named below. All equity grants
made in 2010 were made pursuant to the Amended and Restated 2006 Equity Incentive Plan. All non-equity
grants made in 2010 were made pursuant to the Company’s short-term cash incentive plans described above.
GRANTS OF PLAN-BASED AWARDS
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
(#)
Grant
Date Fair
Value of
Stock and
Option
Awards
($)
(5)Name
Grant
Date
Threshold
($)
Target
($)
Maximum
($)
Target
(#) (2)
Jeffery R. Gardner 2/16/10 619,375 1,238,750 2,477,500 363,685 -0- 3,517,827
Anthony W. Thomas 2/16/10
2/16/10
8/3/10
144,900 289,800 579,600
16,673 -0-
24,271(3)
65,217(4)
158,765
249,991
749,996
Brent Whittington 2/16/10
2/16/10
8/3/10
240,000 480,000 960,000
45,460 -0-
43,689(3)
65,217(4)
440,341
449,997
749,996
John P. Fletcher 2/16/10
2/16/10
8/3/10
176,000 352,000 704,000
31,115 -0-
31,553(3)
65,217(4)
301,465
324,996
749,996
Cynthia B. Nash 2/16/10
2/16/10
8/3/10
88,000 176,000 352,000
14,618 -0-
15,533(3)
43,478(4)
128,760
159,990
499,997
(1) There is currently no threshold or maximum for the equity incentive plan awards granted prior to 2011.
(2) Equity awards vest based on the achievement of specified levels of Adjusted OIBDA for 2010, and subject
to continuous employment through the first anniversary of the grant date.
(3) Equity awards vest ratably in one-third (1/3) annual increments subject to continuous employment through
February 15, 2013.
(4) Equity awards vest in full subject to continuous employment through August 15, 2013.
(5) Represents the grant date fair value calculated in accordance with applicable standards for financial
statement reporting purposes in accordance with FASB ASC topic 718.
For 2011, the Compensation Committee granted one-hundred percent (100%) performance-based restricted stock
units for Mr. Gardner with a grant date value of $3.6 million and fifty percent (50%) each of time-based
restricted stock and performance-based restricted stock units for Messrs. Thomas, Whittington, Fletcher and
Ms. Nash in the amounts of $800,000, $1,000,000, $800,000 and $400,000, respectively. They also approved a
time-based restricted stock grant of $2 million to Mr. Gardner, which is subject to a three-year cliff vest in 2014.
27