SEC Form 4
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*
CASSIDY JOHN F
(Last) (First) (Middle)
221 EAST FOURTH STREET
(Street)
CINCINNATI 45202
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [ CBB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/29/2008
4. 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 Acquired, Disposed of, or Beneficially Owned
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 28,383.195 I By 401k Plan
Common Stock(1) 02/29/2008 D 65,077 D $0 630,212 D
Common Stock(2) 02/29/2008 F 51,484 D $3.88 578,728 D
Common Stock(3) 02/29/2008 A 220,725 A $3.88 799,453 D
Common Stock(4) 02/29/2008 F 92,816 D $3.88 706,637 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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(5) $13.155 01/02/1999 01/02/2008 Common Stock 6,000 6,000 D
Option to Buy(5) $16.75 01/04/2000 01/04/2009 Common Stock 57,300 57,300 D
Option to Buy(5) $18.6875 08/20/2000 08/20/2009 Common Stock 20,000 20,000 D
Option to Buy(5) $16.7813 09/17/2001 09/17/2009 Common Stock 200,000 200,000 D
Option to Buy(5) $35.9688 01/03/2001 01/03/2010 Common Stock 15,000 15,000 D
Option to Buy(5) $23.5313 05/23/2001 05/23/2010 Common Stock 400,000 400,000 D
Option to Buy(5) $22.8438 01/02/2002 01/02/2011 Common Stock 80,000 80,000 D
Option to Buy(5) $9.645 12/04/2002 12/04/2011 Common Stock 400,000 400,000 D
Option to Buy(5) $3.48 12/05/2003 12/05/2012 Common Stock 600,000 600,000 D
Option to Buy(5) $5.655 12/04/2004 12/04/2013 Common Stock 801,000 801,000 D
Option to Buy(5) $3.7 12/03/2005 12/03/2014 Common Stock 666,100 666,100 D
Option to Buy(5) $3.995 12/01/2005 12/01/2015 Common Stock 425,000 425,000 D
Option to Buy(5) $3.49 01/27/2007 01/27/2016 Common Stock 85,000 85,000 D
Option to Buy(5) $4.735 12/08/2007 12/08/2016 Common Stock 574,350 574,350 D
Option to Buy(6) $4.91 12/07/2008(7) 12/07/2017 Common Stock 559,355 559,355 D
Explanation of Responses:
1. Restricted common shares forfeited upon completion of 2005-2007 performance cycle under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan, which is a Rule 16b-3 Plan.
2. Surrender of previously granted restricted shares under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan to cover tax liabilities upon lapse of restrictions.
3. Common shares issued upon vesting of performance units granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan, which is a Rule 16b-3 Plan.
4. Surrender of common shares to cover tax liabilities upon vesting of performance units granted under the Cincinnati Bell Inc. 1997 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. Option shares granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
7. 3-year vesting schedule: 28% vest one year from grant date; 3% vest each month thereafter for the remaining 24 months.
Remarks:
Christopher J. Wilson by Power of Attorney for John F. Cassidy 03/04/2008
** 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).
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