Windstream 2015 Annual Report Download - page 45

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GRANTS OF 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 2015 to the individuals named below. All equity grants made in 2015
were made pursuant to the Amended and Restated 2006 Equity Incentive Plan. All non-equity grants made in 2015
were made pursuant to Windstream’s short-term cash incentive plans described in the section titled “Short-Term
Cash Incentive Payments” in the Compensation Discussion and Analysis.
Name Grant Date
Estimated Future Payouts Under
Non-Equity Incentive Plan Award Estimated Future Payouts Under Equity Incentive Plan Awards
All Other
Stock Awards:
Number
of Shares
of Stock
or Units
(#) (7)
Grant Date
Fair Value
of Stock
and Option
Awards
($) (9)
Threshold
($) Target ($) Maximum ($) Threshold (#) Target (#) Maximum (#)
Tony Thomas 5/5/15 625,000 1,250,000 2,500,000 19,202 (1) 38,403 (1) 57,605 (4) 416,673
2/10/15 15,281 (2) 30,562 (2) —(5) 269,862
2/10/15 9,344 (3) 18,688 (3) —(6) 165,015
5/5/15 115,207 (8) 1,249,996
Robert E. Gunderman 5/5/15 180,000 360,000 720,000 6,913 (1) 13,825 (1) 20,738 (4) 150,001
2/10/15 3,056 (2) 6,112 (2) —(5) 53,969
2/10/15 2,124 (3) 4,247 (3) —(6) 37,501
5/5/15 41,474 (8) 449,993
John P. Fletcher 5/5/15 206,000 412,000 824,000 9,217 (1) 18,433 (1) 27,650 (4) 199,998
2/10/15 12,225 (2) 24,450 (2) —(5) 215,894
2/10/15 9,344 (3) 18,688 (3) —(6) 165,015
5/5/15 55,299 (8) 599,994
J. David Works, Jr. 5/5/15 186,000 372,000 744,000 6,913 (1) 13,825 (1) 20,738 (4) 150,001
2/10/15 7,641 (2) 15,281 (2) —(5) 134,931
2/10/15 5,309 (3) 10,618 (3) —(6) 93,757
5/5/15 41,474 (8) 449,993
John C. Eichler 2/10/15 58,000 116,000 232,000 2,649 (2) 5,297 (2) —(5) 46,773
2/10/15 2,209 (3) 4,417 (3) —(6) 39,002
5/5/15 23,963 (8) 259,999
David M. Redmond 5/5/15 140,000 280,000 560,000 4,993 (1) 9,985 (1) 14,978 (4) 108,337
2/10/15 3,056 (2) 6,112 (2) —(5) 53,969
2/10/15 1,911 (3) 3,822 (3) —(6) 33,748
5/5/15 29,953 (8) 324,990
(1) These amounts represent one-third (1/3) of the threshold and target amounts of an award of performance-
based restricted stock units (PBRSUs) granted to the NEO in 2015 that vest ratably over a three-year period
with each year set as a separate performance period. The Compensation Committee sets the threshold and
target Adjusted OIBDAR amount each year during the three-year vesting period. Pursuant to SEC rules and
applicable accounting rules, because the Compensation Committee sets the annual performance targets at the
start of each respective performance period, only the grant date fair value of the portion of the grant subject to
a particular performance period is reported in this table, which results in a disparity between the annual grant
values approved by the Compensation Committee and the amounts reported above. Accordingly, these amounts
represent only the first tranche of the total grant of PBRSUs in 2015 (i.e., the portion of the 2015 grant allocated
to the 2015 performance period). The aggregate target amount of the first, second and third tranches of the 2015
grant of PBRSUs is referred to herein as the “Total Target Amount.”
(2) These amounts represent one-third (1/3) of the threshold and target amounts of an award of performance-based
restricted stock units (PBRSUs) granted to the NEO in 2014 that vest ratably over a three-year period with each
year set as a separate performance period. The Compensation Committee sets the threshold and target Adjusted
OIBDAR amount each year during the three-year vesting period. As stated above, pursuant to SEC rules and
applicable accounting rules, because the Compensation Committee sets the annual performance targets at the
start of each respective performance period, only the grant date fair value of the portion of the grant subject to
a particular performance period is reported in this table, which results in a disparity between the annual grant