Windstream 2015 Annual Report Download - page 29
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| 27
(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.
(3) Mr. Redmond resigned from Windstream in 2015 and is no longer affiliated with the Company. As a result, no
current information on his holdings of Windstream common stock is available.
(4) Windstream grants 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, 2016, all unvested outstanding PBRSUs
are omitted from this table. For informational purposes, the following table shows the outstanding unvested
PBRSUs granted to each named executive officer, except Mr. Redmond who is no longer with the Company:
Named Executive Officers Total Shares
Beneficially Owned
Unvested Performance-
Based Restricted Stock
Units (PBRSUs)
Total Shares
Beneficially Owned
Including PBRSUs
Tony Thomas 388,957 257,459 646,416
Robert E. Gunderman 136,177 96,083 232,260
John P. Fletcher 276,656 134,012 410,668
J. David Works, Jr. 136,187 97,049 233,236
John C. Eichler 58,331 19,796 78,127
Security Ownership of Certain Beneficial Owners. Set forth below is information, as of March 17, 2016, with
respecttoanypersonknowntoWindstreamtobethebeneficialownerofmorethan5%ofanyclassofWindstream’s
voting securities, all of which are shares of common stock:
Title of Class Name and Address
of Beneficial Owner Amount and Nature
of Beneficial Ownership Percent of Class
Common Stock Blackrock, Inc.
55 East 52nd Street
New York, NY 10022
8,837,063 (1) 8.70%
Common Stock The Vanguard Group 9,731,260 (2) 10.63%
100 Vanguard Blvd.
Malvern, PA 19355
(1) Based upon information contained in Schedule 13G/A filed on January 27, 2016, Blackrock, Inc. has sole voting
power over 8,528,504 shares, sole dispositive power over 8,837,063 shares and no shared voting or dispositive
power with respect to any shares.
(2) Based upon information contained in Schedule 13G/A filed on March 10, 2016, The Vanguard Group has sole
voting power over 216,580 shares, shared voting power over 6,300 shares, sole dispositive power over 9,513,680
shares and shared dispositive power over 217,580 shares.