| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [ CBB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/12/2004 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 02/12/2004(1) | A | V | 13.922 | A | (2) | 829.823(3) | I | By Trustee of 401K RSP | |
| Common Stock | 04/30/2004 | P | 10,000 | A | $4.05 | 51,114.481 | D | |||
| Common Stock | 05/03/2004 | P | 5,000 | A | $3.962 | 56,114.481 | D | |||
| Comon Stock | 05/03/2004 | P | 5,000 | A | $3.992 | 61,114.481 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Option to Buy(4) | $12.981 | 01/02/1998(6) | 01/02/2007(9) | Common Stock | 6,400 | 6,400 | D | ||||||||
| Option to Buy(5) | $13.155 | 01/02/1999(6) | 01/02/2006(9) | Common Stock | 6,800 | 6,800 | D | ||||||||
| Option to Buy(5) | $22.375 | 03/31/2000(6) | 03/31/2009(9) | Common Stock | 20,000 | 20,000 | D | ||||||||
| Option to Buy(5) | $22.25 | 04/01/2001(7) | 04/01/1999(9) | Common Stock | 400 | 400 | D | ||||||||
| Option to Buy(5) | $16.7813 | 09/17/2001(7) | 09/17/2009(9) | Common Stock | 250,000 | 250,000 | D | ||||||||
| Option to Buy(5) | $35.9688 | 01/03/2001(8) | 01/03/2010 | Common Stock | 20,000 | 20,000 | D | ||||||||
| Option to Buy(5) | $22.8438 | 01/02/2002(8) | 01/02/2011 | Common Stock | 15,000 | 15,000 | D | ||||||||
| Option to Buy(5) | $9.645 | 12/04/2002(8) | 12/04/2011 | Common Stock | 100,000 | 100,000 | D | ||||||||
| Option to Buy(5) | $3.48 | 12/05/2003(8) | 12/05/2012 | Common Stock | 100,000 | 100,000 | D | ||||||||
| Option to Buy(5) | $5.655 | 12/04/2004(8) | 02/04/2013 | Common Stock | 51,000 | 51,000 | D | ||||||||
| Explanation of Responses: |
| 1. Shares acquired through bi-weekly payroll contributions from February 12, 2004 through April 23, 2004. |
| 2. Shares acquired through bi-weekly payroll contributions at prices ranging from $4.0569 to $5.5658 per share. |
| 3. Represents number of CBB common shares held in reporting person's 401(k) plan account statement dated as of April 23, 2004. |
| 4. Option shares granted under the Cincinnati Bell Inc. 1988 Long Term Incentive Plan which is a Rule 16b-3 Plan. |
| 5. Option shares granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan. |
| 6. 3-Year vesting schedule: 25% one year from grant date; 25% two years from grant date; 50% three years from grant date. |
| 7. 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. |
| 8. Options have a 3 year vesting schedule: 28% one year from grant date and 3% for each of the remaining 24 months. Options expire ten years from grant date. |
| 9. Option shares expire10 years from grant date. |
| Remarks: |
| Amy Collins by Power of Attorney for Michael W. Callaghan | 05/04/2004 | |
| ** 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 4 (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. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||