Windstream 2011 Annual Report Download - page 19
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SECURITY OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS
Set forth below is certain information, as of March 1, 2012, as to shares of Windstream Common Stock
beneficially owned by each director, by each named executive officer who was serving as an executive officer at
the end of 2011, and by all directors and executive officers of Windstream as a group. Except as otherwise
indicated by footnote, the nature of the beneficial ownership is sole voting and investment power, and no shares
are pledged as security:
Amount and Nature of
Beneficial Ownership
Name of
Beneficial Owners
Shares
Beneficially
Owned (1)
Unvested
Restricted
Shares (2)
Total Shares
Beneficially
Owned (3)
Percent of Class
(if 1% or more)
Non-Management Directors
Carol B. Armitage 32,340 6,430 38,770 *
Samuel E. Beall, III 51,003 6,430 57,433 *
Dennis E. Foster 209,802(4) 6,430 216,232 *
Francis X. Frantz 641,194 6,430 647,624 *
Jeffrey T. Hinson 37,788 6,430 44,218 *
Judy K. Jones 35,544 6,430 41,974 *
William A. Montgomery 52,198 6,430 58,628 *
Alan L. Wells 225,789 6,430 232,219 *
Named Executive Officers
Jeffery R. Gardner 1,211,455 268,364 1,479,819 *
Anthony W. Thomas 119,305 128,172 247,477 *
Brent Whittington 244,430 155,826 400,256 *
John P. Fletcher 213,512 133,026 346,538 *
Cynthia B. Nash 190,901 76,014 266,915 *
All Directors and Executive Officers as a
Group 3,568,399 1,008,298 4,576,697 *
* indicates less than 1 percent
(1) Excludes unvested restricted shares and includes shares of Common Stock owned directly and shares held
in the person’s account under the Windstream 401(k) Plan, which are as follows: Gardner 77,730, Thomas 326,
Whittington 2,250, Fletcher 15,454, and Nash -0-.
(2) Unvested shares of restricted stock are deemed beneficially owned because grantees of unvested restricted
stock under Windstream’s equity compensation plans hold the sole right to vote such shares. To date,
Windstream has not granted stock options or other similar instruments that would provide the right to acquire
beneficial ownership of Common Stock.
(3) In 2011 and 2012, Windstream granted performance-based restricted stock units (PBRSUs) to its executive
officers. Because unvested PBRSUs do not provide the recipients the right to vote or other elements of beneficial
ownership as defined under SEC rules and will not vest within 60 days from March 1, 2012, all unvested
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