X0306 4 2021-09-07 true 0000716133 CINCINNATI BELL INC CBB 0001069416 MAIER CRAIG F 221 EAST FOURTH STREET CINCINNATI OH 45202 true Common Stock 2021-09-07 4 D 0 53493 15.5 D 0 D Common Stock 2021-09-07 4 D 0 7338 15.5 D 0 D Phantom Shares 2021-09-07 4 D 0 3600 D Common Stock 3600 0 D Pursuant to the Agreement and Plan of Merger, dated as of March 13, 2020 (the "Merger Agreement"), by and among Cincinnati Bell Inc., an Ohio corporation (the "Company"), Red Fiber Parent LLC, a Delaware limited liability company, and RF Merger Sub Inc., an Ohio corporation and directly wholly owned subsidiary of Parent ("Merger Sub"), at the effective time of the merger of Merger Sub with and into the Company (the "Merger"), each share of common stock, par value $0.01 per share, of the Company ("Company Common Shares") was converted into the right to receive $15.50 in cash, without interest (the "Merger Consideration"). Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding restricted stock unit with respect to Company Common Shares ("Company RSU") became fully vested and was canceled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (a) the Merger Consideration and (b) the number of Company Common Shares subject to such Company RSU. Each phantom share with respect to Company Common Shares ("Company Phantom Share") represented the right to receive the cash value thereof. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Company Phantom Share was canceled and converted into the right to receive a lump-sum amount in cash, without interest, equal to the product of (a) the Merger Consideration and (B) the number of Company Common Shares underlying such Company Phantom Share. /s/ Christopher J. Wilson, Attorney-in-fact for Craig F. Maier 2021-09-07