Windstream 2011 Annual Report Download - page 35

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For 2012, the Compensation Committee granted one-hundred percent (100%) performance-based restricted stock
units for Mr. Gardner with a grant date value of $4.1 million and seventy percent (70%) performance-based
restricted stock units and thirty percent (30%) time-based restricted stock for Messrs. Thomas, Whittington,
Fletcher and Ms. Nash in the amounts of $1,100,000, $1,500,000, $1,100,000 and $500,000, respectively.
The following table shows information regarding outstanding awards under the Windstream equity
incentive plans held by the individuals named below as of December 31, 2011. All awards represent grants of
restricted stock under the Equity Plan.
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Stock Awards (1)
Time-Based Vesting Restricted Stock Performance-Based Vesting Restricted Stock
Name
Number of Shares or
Units of Stock That
Have Not Vested
(#)
Market Value of
Shares or Units of
Stock That Have Not
Vested ($) (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 151,860(10) 1,782,836 345,710(3) 4,058,635
207,620(4) 2,437,459
91,116(5) 1,069,702
151,860 1,782,836 644,446 7,565,796
Anthony W. Thomas 23,008(6) 270,114 23,008(3) 270,114
18,214(7) 213,832 18,214(4) 213,832
10,124(8) 118,856 10,124(5) 118,856
65,217(9) 765,648 -0- -0-
116,563 1,368,450 51,346 602,802
Brent Whittington 44,479(6) 522,183 44,479(3) 522,183
27,218(7) 319,539 27,218(4) 319,539
12,655(8) 148,570 12,655(5) 148,570
65,217(9) 765,648 -0- -0-
149,569 1,755,940 84,352 990,292
John P. Fletcher 32,149(6) 377,429 32,149(3) 377,429
20,641(7) 242,325 20,641(4) 242,325
10,124(8) 118,856 10,124(5) 118,856
65,217(9) 765,648 -0- -0-
128,131 1,504,258 62,914 783,610
Cynthia B. Nash 15,514(6) 182,134 15,514(3) 182,134
10,239(7) 120,206 10,239(4) 120,206
5,062(8) 59,428 5,062(5) 59,428
43,478(9) 510,432 -0- -0-
74,293 872,200 30,815 361,768
(1) Windstream named executive officers have no outstanding awards of stock options.
(2) Market value calculated using the closing price of Windstream Common Stock on December 30, 2011,
which was $11.74.
(3) Performance-based shares vested ratably in annual one-third (1/3) increments over the three-year period
ending February 15, 2012 if Windstream also achieves the performance objectives for such annual period, and
those objectives were achieved.
(4) Performance-based shares vest ratably in annual one-third (1/3) increments over the three-year period
ending February 15, 2013 if Windstream also achieves the performance objectives for such annual period.
(5) Performance-based shares vest ratably in annual one-third (1/3) increments over the three-year period
ending February 15, 2014 if Windstream also achieves the performance objectives for such annual period.
29