Lynn A. Wentworth - 07 Sep 2021 Form 4 Insider Report for CINCINNATI BELL INC

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 07 Sep 2021
Net transaction value: -$1,031,510
SEC form: 4
Accepted by SEC: 09 Sep 2021, 20:40:58 UTC
Prior SEC filing: 09 Aug 2021
Next SEC filing: 25 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Christopher J. Wilson, Attorney-in-fact for Lynn A. Wentworth

Key filing fact

Lynn A. Wentworth filed Form 4 for CINCINNATI BELL INC on 09 Sep 2021.

Key facts

This page summarizes Lynn A. Wentworth's Form 4 filing for CINCINNATI BELL INC.
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Sep 2021, 20:40.

Change

Previous filing in this sequence was filed on 09 Aug 2021.
Current net transaction value: -$1,031,510.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CBB transaction

Common Stock

Disposed to Issuer

Transaction value: $881,578
Shares: -56,876
Change %: -100%
Price: $15.50
Shares after: 0
Date: 07 Sep 2021
Ownership: Direct
Footnotes: F1

CBB transaction

Common Stock

Disposed to Issuer

Transaction value: $149,932
Shares: -9,673
Change %: -100%
Price: $15.50
Shares after: 0
Date: 07 Sep 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CBB transaction Derivative

Phantom Shares

Disposed to Issuer

Transaction value
Shares: -3,600
Change %: -100%
Price
Shares after: 0
Date: 07 Sep 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,600
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Lynn A. Wentworth is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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").

Footnote 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.

Footnote F3

Each phantom share with respect to Company Common Shares ("Company Phantom Share") represented the right to receive the cash value thereof.

Footnote 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.