Lynn A. Wentworth - Sep 7, 2021 Form 4 Insider Report for CINCINNATI BELL INC (CBB)

Role: Director
Signature: /s/ Christopher J. Wilson, Attorney-in-fact for Lynn A. Wentworth
Stock symbol: CBB
Transactions as of: Sep 7, 2021
Transactions value $: -$1,031,510
Form type: 4
Date filed: 9/9/2021, 08:40 PM
Previous filing: Aug 9, 2021
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBB	Common Stock	Disposed to Issuer	-$882K	-56.9K	-100%	$15.50	0	Sep 7, 2021	Direct	F1
transaction	CBB	Common Stock	Disposed to Issuer	-$150K	-9.67K	-100%	$15.50	0	Sep 7, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CBB	Phantom Shares	Disposed to Issuer		-3.6K	-100%		0	Sep 7, 2021	Common Stock	3.6K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lynn A. Wentworth is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	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").
F2	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.
F3	Each phantom share with respect to Company Common Shares ("Company Phantom Share") represented the right to receive the cash value thereof.
F4	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.