SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PETERSON MARK W

(Last)

(First)

(Middle)

201 EAST FOURTH STREET

(Street)

CINCINNATI

45202

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/17/2003

3. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [ CBB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President & Treasurer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,082	I	By Trustee of 401k RSP
Common Stock	401.8401	D
Preferred Stock	500	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Buy⁽¹⁾	03/31/2002	03/31/2009	Common Stock	15,000	$22.375	D
Option to Buy⁽¹⁾	01/04/2002	04/01/2009	Common Stock	400	$22.25	D
Option to Buy⁽¹⁾	09/01/2004⁽²⁾	09/17/2009	Common Stock	25,000	$16.7813	D
Option to Buy⁽¹⁾	01/03/2003	01/03/2010	Common Stock	15,000	$35.9688	D
Option to Buy⁽¹⁾	01/02/2004⁽³⁾	01/02/2011	Common Stock	10,000	$22.8438	D
Option to Buy⁽¹⁾	01/01/2004⁽³⁾	01/02/2011	Common Stock	12,500	$9.645	D
Option to Buy⁽¹⁾	12/05/2005⁽³⁾	12/05/2012	Common Stock	15,000	$3.48	D
Option to Buy⁽¹⁾	03/20/2006	03/20/2013⁽³⁾	Common Stock	35,000	$4.125	D

Explanation of Responses:

1. Option shares granted under the Broadwing Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.

2. 5-year vesting schedule: 25% third year from grant date; 25% four years from grant date; 50% five years from grant date. Options are subject to accelerated vesting if certain financial targets are met: 15% one year from grant date; 15% two years from grant date; 20% three years from grant date; 25% four years from grant date; 25% five years from grant date.

3. Options have a 3 year vesting schedule: 28% one year from grant date and 3% for each of the remaining 24 months

Remarks:

	Mark W. Peterson	08/27/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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