GENERAL
COMMUNICATION, INC.
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||
(Exact name
of registrant as specified in its charter)
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State
of Alaska
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92-0072737
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(State or
other jurisdiction of
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(I.R.S
Employer
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|||
incorporation
or organization)
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Identification
No.)
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2550
Denali Street
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||||
Suite
1000
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||||
Anchorage,
Alaska
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99503
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(Address of
principal executive offices)
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(Zip
Code)
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Class A
common stock
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Class B
common stock
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(Title of
class)
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(Title of
class)
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Large accelerated filer o
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Accelerated filer x
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Non-accelerated
filer o(Do not
check if a smaller reporting company)
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Smaller reporting company o
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Part III | ||||||
Item 10. | Directors, Executive Officers and Corporate Governance | 5 | ||||
Item 11. | Executive Compensation | 13 | ||||
Item
12.
|
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 41 | ||||
Item
13.
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Certain Relationships and Related Transactions, and Director Independence | 46 | ||||
Item 14. | Principal Accountant Fees and Services | 49 |
Name
|
Age
|
Position
|
Stephen M. Brett1
|
68
|
Chairman,
Director
|
Ronald A. Duncan1
|
56
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President,
Chief Executive Officer and Director
|
John M.
Lowber
|
59
|
Senior Vice
President, Chief Financial Officer, Secretary, and
Treasurer
|
G. Wilson
Hughes
|
63
|
Executive
Vice President and General Manager
|
William C.
Behnke
|
51
|
Senior Vice
President – Strategic Initiatives
|
Gina R.
Borland
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45
|
Vice
President, Product Management – Voice and Messaging
|
Martin E.
Cary
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44
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Vice
President – General Manager, Managed Broadband Services
|
Gregory F.
Chapados
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51
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Senior Vice
President – Federal Affairs and Business Development
|
Richard P.
Dowling
|
65
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Senior Vice
President – Corporate Development
|
Paul E.
Landes
|
50
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Vice
President and General Manager, Consumer Services
|
Terry J.
Nidiffer
|
58
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Vice
President, Product Management – Data and Entertainment
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Gregory W.
Pearce
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45
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Vice
President and General Manager, Commercial Services
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Dana L.
Tindall
|
47
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Senior Vice
President – Legal, Regulatory and Governmental
Affairs
|
Richard D.
Westlund
|
65
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Senior Vice
President and General Manager, Network Access Services
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Jerry A. Edgerton1
|
66
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Director
|
Scott M. Fisher1
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42
|
Director
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William P. Glasgow1
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50
|
Director
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Stephen R. Mooney1
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49
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Director
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James M. Schneider1
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56
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Director
|
1
|
The present
classification of our board is as follows: (1) Class I – Mr. Edgerton,
whose present term expires at the time of our 2011 annual meeting (Mark W.
Kroloff was appointed to the board on February 9, 2009 and stands for
election at the Annual Meeting to complete the present term ending at the
time of our 2011 annual meeting); (2) Class II – Messrs. Brett, Duncan and
Mooney whose present terms expire at the time of our 2009 annual meeting;
and (3) Class III – Messrs. Fisher, Glasgow, and Schneider, whose present
terms expire at the time of our 2010 annual
meeting.
|
·
|
Understanding
of U.S. generally accepted accounting principles and financial
statements.
|
·
|
Ability to
assess the general application of such principles in connection with
accounting for estimates, accruals and
reserves.
|
·
|
Experience in
preparing, auditing, analyzing or evaluating financial statements that
present a breadth and level of complexity of accounting issues that are
generally comparable to the breadth and complexity of issues that can
reasonably be expected to be raised by our financial statements, or
experience actively supervising one or more persons engaged in such
activities.
|
·
|
Understanding
of internal control over financial
reporting.
|
·
|
Understanding
of audit committee functions.
|
·
|
Education and
experience as a principal financial officer, principal accounting officer,
controller, public accountant or auditor or experience in one or more
positions that involved the performance of similar
functions.
|
·
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Experience
actively supervising a principal financial officer, principal accounting
officer, controller, public accountant, auditor or person performing
similar functions.
|
·
|
Experience
overseeing or assessing the performance of companies or public accountants
with respect to the preparation, auditing or evaluation of financial
statements.
|
·
|
Other
relevant experience.
|
·
|
Independent
Auditor Selection, Qualification –
Is directly responsible for appointment, compensation, retention,
oversight, qualifications and independence of our Registered Independent
Public Accounting
Firm.
|
·
|
Financial
Statements –
Assists in our board's oversight of integrity of the Company financial
statements.
|
·
|
Financial
Reports, Internal Control –
Is directly responsible for oversight of the audit by our Registered
Independent Public Accounting Firm of our financial reports and reports on
internal control.
|
·
|
Annual
Reports –
Prepares committee reports required to be included in our annual proxy
statement.
|
·
|
Complaints –
Receives and responds to certain complaints relating to internal
accounting controls, and auditing matters, confidential, anonymous
submissions by our employees regarding questionable accounting or auditing
matters, and certain alleged illegal acts or behavior-related conduct in
violation of our Ethics Code. See within this item 10, "Code of
Business Conduct and
Ethics."
|
·
|
Principal
Accountant Disagreements –
Resolves disagreements, if any, between our Registered Independent Public
Accounting Firm and us regarding financial
reporting.
|
·
|
Non-Audit
Services –
Reviews and pre-approves any non-audit services offered to us by our
Registered Independent Public Accounting Firm ("Non-Audit
Services").
|
·
|
Attorney
Reports –
Addresses certain attorney reports, if any, relating to violation of
securities law or fiduciary duty by one of our officers, directors,
employees or agents.
|
·
|
Related
Party Transactions –
Reviews certain related party transactions as described elsewhere in this
report. See within item 13 of this report, "Certain
Transactions."
|
·
|
Other –
Carries out other assignments as designated by our
board.
|
·
|
Review, on an
annual basis, plans and targets for executive officer and board member
compensation, if any —
|
o
|
Review is
specifically to address expected performance and compensation of, and the
criteria on which compensation is based for, the chief executive officer
and such other of our executive officers as our board may designate for
this purpose.
|
·
|
Monitor the
effect of ongoing events on and the effectiveness of existing compensation
policies, goals, and plans —
|
o
|
Events
specifically include but are not limited to the status of the premise that
all pay systems correlate with our compensation goals and
policies.
|
o
|
Report from
time to time, its findings to our
board.
|
·
|
Administer
our Amended and Restated 1986 Stock Option Plan ("Stock Option Plan") and
approve grants of options and awards pursuant to the
plan.
|
·
|
Monitor
compensation-related publicity and public and private sector developments
on executive compensation.
|
·
|
Familiarize
itself with, and monitor the tax, accounting, corporate, and securities
law ramifications of, our compensation policies, including but not limited
to –
|
o
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Comprehending
a senior executive officer's total compensation
package.
|
o
|
Comprehending
the package's total cost to us and its total value to the
recipient.
|
o
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Paying close
attention to salary, bonuses, individual insurance and health benefits,
perquisites, special benefits to specific executive officers, individual
pensions, and other retirement
benefits.
|
·
|
Establish the
overall cap on executive compensation and the measure of performance for
executive officers, either by predetermined measurement or by a subjective
evaluation.
|
·
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Strive to
make our compensation plans simple, fair, and structured so as to maximize
shareholder value.
|
·
|
Compensation
is related to performance and must cause alignment of interests of
executive officers with the long term interests of our
shareholders.
|
·
|
Compensation
targets must take into consideration competitive market conditions and
provide incentives for superior performance by the
Company.
|
·
|
Actual
compensation must take into consideration the Company's and the executive
officer's performance over the prior year and the long term, and the
Company's resources.
|
·
|
Compensation
is based upon both qualitative and quantitative
factors.
|
·
|
Compensation
must enable the Company to attract and retain management necessary to
cause the Company to succeed.
|
·
|
Publicly held
companies in industries similar to our
Company.
|
·
|
Companies
with which our Company competes for executive
talent.
|
·
|
Our Company's
direct business competitors.
|
·
|
Companies
that compete with our Company for investment
dollars.
|
Alaska
Communications Systems Group, Inc.
|
CT
Communications, Inc.
|
FairPoint
Communications, Inc.
|
Equinix,
Inc.
|
Iowa
Telecommunications Services, Inc.
|
Golden
Telecom, Inc.
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Mediacom
Communications Corp.
|
North
Pittsburgh Systems, Inc.
|
Northrim
BanCorp, Inc.
|
RCN
Corp
|
Cincinnati
Bell, Inc.
|
SureWest
Communications
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Commonwealth
Telephone Enterprises, Inc.
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Talk America
Holdings, Inc.
|
Consolidated
Communications Holdings, Inc.
|
Time Warner
Telecom, Inc.
|
Covad
Communications Group
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XO Holdings,
Inc.
|
Crown Media
Holdings, Inc.
|
·
|
Base
Salary.
|
·
|
Incentive
Compensation Bonus Plan ("Incentive Compensation
Plan").
|
·
|
Stock Option
Plan.
|
·
|
Perquisites.
|
·
|
Retirement
and Welfare Benefits.
|
·
|
Use
of Company Leased Aircraft– The Company permits employees,
including the Named Executive Officers, to use Company aircraft for
personal travel for themselves and their guests. Such travel is
limited to a space available basis on flights that are otherwise
business-related. When employees, including the Named Executive
Officers, use Company aircraft for such travel they are attributed with
taxable income in accordance with IRS regulations. The Company
does not "gross up" or reimburse employees for taxes they owe on such
attributed income. Messrs. Behnke, Duncan and Hughes have made
use of the aircraft for personal travel, the value of which is included in
the Summary Compensation Table. See within this item 11,
"Executive Compensation – Summary Compensation
Table."
|
·
|
Enhanced
Long Term Disability Benefit – The Company provides the Named
Executive Officers and other senior executive officers of the Company with
an enhanced long term disability benefit. This benefit provides
a supplemental replacement income benefit of 60% of average monthly
compensation capped at $10,000 per month. The normal
replacement income benefit applying to other of our employees is capped at
$5,000 per month.
|
·
|
Enhanced
Short Term Disability Benefit – The Company provides the Named
Executive Officers and other senior executive officers of the Company with
an enhanced short term disability benefit. This benefit
provides a supplemental replacement income benefit of 66 2/3% of
average monthly compensation, capped at $2,300 per week. The
normal replacement income benefit applying to other of our employees is
capped at $1,150 per
week.
|
·
|
Miscellaneous–
Aside from benefits offered to its employees generally, the Company
provided miscellaneous other benefits to its Named Executive Officers
including the following (see within this item 11, "Executive Compensation
– Summary Compensation Table – Components of 'All Other
Compensation'").
|
o
|
Success
Sharing – An incentive program offered to all of our employees that shares
15% of the excess earnings before interest, taxes, depreciation,
amortization and share based compensation expense over the highest
previous year ("Success Sharing").
|
o
|
Tax
Reimbursement – Provided to Mr. Duncan, as one of our directors, on
restricted stock awards granted to him under our Director Compensation
Plan during 2006 and provided to other employees and senior executive
officers, including the Named Executive Officers, from time to time, on
$100 longevity stock awards.
|
o
|
Board Fees –
Provided to Mr. Duncan as one of our
directors.
|
Name
and
Principal
Position
|
Year
|
Salary1
($)
|
Bonus
($)
|
Stock
Awards
($)
|
Option
Awards
($)
|
Change in
Pension Value and Nonqualified Deferred Compensation Earnings
($)
|
All Other
Compensation
($)
2
|
Total
($)
|
Ronald A. Duncan3
President
and Chief
Executive
Officer
|
2008
2007
2006
|
600,000
585,208
345,000
|
750,000
100,000
900,000
|
1,101,263
596,132
43,656
|
237,258
325,968
308,713
|
-
- -
-
- -
-
- -
|
75,143
90,800
96,324
|
2,763,664
1,698,108
1,693,693
|
G. Wilson
Hughes
Executive
Vice
President
and
General
Manager
|
2008
2007
2006
|
462,5004
462,5004
461,4594
|
203,000
77,000
65,500
|
-
- -
-
- -
100
|
659,545
308,470
230,219
|
7,556
10,516
21,471
|
24,806
21,801
31,833
|
1,357,407
880,287
810,582
|
John M.
Lowber
Senior
Vice President,
Chief
Financial Officer
and
Secretary/
Treasurer
|
2008
2007
2006
|
325,000
323,919
296,888
|
203,000
76,000
65,500
|
-
- -
-
- -
-
- -
|
426,357
284,915
321,147
|
646
633
-
- -
|
24,268
22,500
30,524
|
979,271
707,967
714,059
|
William C.
Behnke
Senior
Vice President –
Strategic
Initiatives
|
2008
2007
2006
|
250,000
248,959
225,000
|
202,000
125,000
94,000
|
-
- -
-
- -
-
- -
|
482,687
272,323
180,343
|
-
- -
-
- -
-
- -
|
30,824
18,750
724
|
965,511
665,032
500,067
|
Gregory F.
Chapados
Senior
Vice President –
Federal
Affairs &
Business
Development
|
2008
2007
2006
|
240,000
239,333
121,621
|
204,000
53,000
-
- -
|
-
- -
-
- -
-
- -
|
926,443
519,871
280,364
|
-
- -
-
- -
-
- -
|
43,771
62,000
29,589
|
1,414,214
874,204
431,574
|
1
|
For 2006
through 2008, salary includes deferred compensation of $225,000 and
$65,000 for Messrs. Hughes and Lowber,
respectively.
|
3
|
In 2006, Mr.
Duncan received $107,119 in compensation relating to his service on our
board including $46,000 in board fees, $43,656 in stock awards, and
$17,463 in tax reimbursements on those stock awards. In 2007,
Mr. Duncan received $84,422 in compensation relating to his service on our
board including $40,000 in board fees and $44,422 in stock
awards. In 2008, Mr. Duncan received $64,509 in compensation
relating to his service on our board including $40,000 in board fees and
$24,509 in stock awards.
|
4
|
For 2006
through 2008, includes $37,500 for Mr. Hughes representing the amount
vested during 2006 through 2008 pursuant to prepaid retention
agreements.
|
Name
and
Principal
Position
|
Year
|
Stock
Purchase
Plan1
($)
|
Board
Fees
($)
|
Success Sharing2
($)
|
Tax
Reimbursement
on
Stock
Awards3
($)
|
Use of
Company Leased
Aircraft4
($)
|
Miscell-aneous5
($)
|
Total
($)
|
Ronald A.
Duncan
|
2008
2007
2006
|
23,000
22,500
22,000
|
40,000
40,000
46,000
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
17,463
|
12,143
28,300
10,861
|
-
- -
-
- -
-
- -
|
75,143
90,800
96,324
|
G. Wilson
Hughes
|
2008
2007
2006
|
23,000
21,801
22,000
|
-
- -
-
- -
-
- -
|
1,268
-
- -
579
|
-
- -
-
- -
27
|
538
-
- -
-
- -
|
-
- -
-
- -
9,227
|
24,806
21,801
31,833
|
John M.
Lowber
|
2008
2007
2006
|
23,000
22,500
22,000
|
-
- -
-
- -
-
- -
|
1,268
-
- -
579
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
7,945
|
24,268
22,500
30,524
|
William C.
Behnke
|
2008
2007
2006
|
21,646
18,750
-
- -
|
-
- -
-
- -
- -
-
|
1,268
-
- -
724
|
-
- -
-
- -
-
- -
|
7,910
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
30,824
18,750
724
|
Gregory F.
Chapados
|
2008
2007
2006
|
21,670
12,000
-
- -
|
-
- -
-
- -
-
- -
|
1,268
-
- -
422
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
20,833
50,000
29,167
|
43,771
62,000
29,589
|
1
|
Amounts are
contributions by us matching each employee's
contribution. Matching contributions by us under the Stock
Purchase Plan are available to each of our full time employees with over
one year of service. During 2008, the match was based upon the
lesser of $23,000 ($22,500 for 2007 and $22,000 for 2006), 10% of the
employee's salary and the total of the employee's pre-tax and post-tax
contributions to the plan. See within this item 11,
"Compensation Discussion and Analysis – Elements of Compensation –
Retirement and Welfare Benefits – Stock Purchase
Plan."
|
2
|
The highest
year on which the Success Sharing was based was 2008. See
within this item 11, "Compensation Discussion and Analysis – Elements of
Compensation – Perquisites."
|
3
|
Mr. Duncan's
reimbursement relates to stock awards received for services on our
board. Mr. Hughes' reimbursements relate to his receipt of
awards of $100 in our stock for longevity of service under a program open
to all of our employees.
|
4
|
Use of
Company aircraft is based upon standard industrial fare
levels.
|
5
|
Includes, for
Mr. Hughes, an event (for 2006, valued at $9,227) hosted by him outside of
Alaska for a gathering of a group of Company executives to celebrate the
achievement of a specific corporate performance
target. Includes, for Mr. Lowber, forgiveness (for 2006, valued
at $7,945) of interest on a loan. Includes for Mr. Chapados
vesting of a $100,000 signing bonus received in 2006. See
within item 13 of this report, "Certain Transactions – Transactions with
Related Persons – Indebtedness of Management." See within this
item 11, "Compensation Discussion and Analysis – Elements of Compensation
– Perquisites."
|
|
Name
|
Grant
Date
|
Estimated
Future Payouts
Under
Equity
Incentive Plan Awards
|
All
Other
Stock
Awards:
Number
of
Shares
of
Stock
or
Units
|
All
Other
Option
Awards:
Number of
Securities
Underlying
Options
|
Exercise
or
Base
Price
of
Option
Awards
($/Sh)
|
Grant
Date
Fair Value of Stock and Option Awards1
($)
|
|||||
Threshold
(#)
|
Target
(#)
|
Maximum
(#)
|
(#)
|
(#)
|
|||||||
Ronald A.
Duncan
|
6/01/08
|
- -
-
|
- -
-
|
- -
-
|
3,3302
|
- -
-
|
- -
-
|
24,509
|
|||
G. Wilson
Hughes
|
1/09/08
|
-
- -
|
- -
-
|
- -
-
|
- -
-
|
100,000
|
7.95
|
438,680
|
|||
John M.
Lowber
|
-
- -
|
-
- -
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
|||
William C.
Behnke
|
1/09/08
|
-
- -
|
- -
-
|
- -
-
|
- -
-
|
100,000
|
7.95
|
438,680
|
|||
Gregory F.
Chapados
|
1/09/08
|
-
- -
|
- -
-
|
- -
-
|
- -
-
|
100,000
|
7.95
|
438,680
|
1
|
Determined as
the closing price of the stock on Nasdaq on the date of grant and as
required by Financial Standards Board Statement of Financial Accounting
Standards No. 123 (revised 2004) Share-Based Payment ("FAS
123R").
|
2
|
Mr. Duncan's
stock award was granted pursuant to the terms of our Director Compensation
Plan. See within this item 11, "Director
Compensation."
|
Name
|
Option Awards1
|
Stock
Awards
|
||||||
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
|
Number
of
Securities
Underlying
Unexercised
Options (#)
Unexercisable
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number of
Shares or
Units of
Stock
That Have
Not
Vested
(#)
|
Market
Value
of Shares
or
Units of
Stock
that
Have
Not
Vested
($)
|
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or
Other Rights That Have Not Vested (#)
|
Equity
Incentive Plan Awards: Market or Payout Value of Unearned
Shares, Units or Other Rights That Have Not Vested ($)
|
|
Ronald A.
Duncan
|
-
- -
150,000
250,0003
150,0004
|
-
- -
-
- -
-
- -
-
- -
|
-
- -
6.50
8.403
7.254
|
-
- -
3/14/10
6/24/143
2/08/124
|
225,0002
-
- -
-
- -
-
- -
|
1,820,2502
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
|
G. Wilson
Hughes
|
-
- -
200,0004
200,000
50,000
-
- -
|
-
- -
-
- -
-
- -
100,0006
100,0007
|
-
- -
7.25
6.50
12.996
7.957
|
-
- -
2/08/12
3/14/10
6/25/176
1/09/187
|
-
- -
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
-
- -
|
50,0005
-
- -
-
- -
-
- -
-
- -
|
437,5005
-
- -
-
- -
-
- -
-
- -
|
John M.
Lowber
|
100,0003
200,000
30,0008
150,000
|
-
- -
-
- -
170,0008
-
- -
|
8.403
7.25
12.998
6.50
|
6/24/143
2/08/12
6/25/178
3/14/10
|
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
|
William C.
Behnke
|
208,3259
-
- -
-
- -
|
41,6759
100,00010
100,00011
|
7.259
12.9910
7.9511
|
2/08/128
6/25/179
1/09/1811
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
|
Gregory F.
Chapados
|
-
- -
80,000
82,00012
30,000
-
- -
|
-
- -
120,000
68,00012
-
- -
100,0007
|
-
- -
13.11
13.1112
6.00
7.95
|
-
- -
6/01/16
6/01/1612
2/01/13
1/09/187
|
-
- -
-
- -
-
- -
-
- -
-
- -
|
-
- -
-
- -
-
- -
-
- -
-
- -
|
15,0005
-
- -
-
- -
-
- -
-
- -
|
131,2505
-
- -
-
- -
-
- -
-
- -
|
1
|
Stock option
awards generally vest over five years and expire ten years from grant
date, except as noted in the footnotes
below.
|
2
|
Stock Award
vests 75,000 shares each on February 19 of 2009, 2010 and
2011.
|
3
|
Options vest
20% per year, and the first vesting date occurred on December 4,
2004.
|
4
|
All options
vested on February 8, 2007.
|
5
|
Stock awards
fully vest on April 1, 2010 subject to our adjusted EBITDA reaching $210
million in 2009. Awards will vest at 20% for $202 million and
ratably thereafter to 100% for $210
million.
|
6
|
Options vest
33.3% on each of February 19, 2008, 2009 and
2011.
|
7
|
Options vest
50% on each of December 31, 2010 and 2011,
respectively.
|
8
|
Options vest
15%, 20%, 20%, 20% and 25% on February 19 of 2008, 2009, 2010, 2011 and
2012, respectively.
|
9
|
Options vest
16.7% each year from February 8, 2004 through February 8,
2009.
|
10
|
Options vest
33.3% on February 19 of 2009, 2010 and
2011.
|
11
|
Options vest
25% on December 31, 2010 and 75% on December 31,
2011.
|
12
|
Options vest
27,000 shares on January 1, 2007 and 15,000, 40,000, 20,000, 20,000,
20,000 and 8,000 shares on December 31,
2007, 2008, 2009, 2010, 2011 and 2012, respectively, subject to
adjustments based on performance.
|
Option
Awards
|
Stock
Awards
|
|||
Name
|
Number of
Shares
Acquired on
Exercise (#)
|
Value
Realized on Exercise
($)
|
Number of
Shares
Acquired on
Vesting
(#)
|
Value
Realized
On
Vesting
($)
|
Ronald A. Duncan1
|
- -
-
- -
-
|
- -
-
- -
-
|
3,3301
75,000
|
24,3091
470,250
|
G. Wilson
Hughes
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
John M.
Lowber
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
William C.
Behnke
|
5,425
|
20,941
|
- -
-
|
- -
-
|
Gregory F.
Chapados
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
1
|
Mr. Duncan's
stock awards relate to his service as one of our
directors.
|
Name
|
Executive
Contributions
in Last
FY
($)
|
Registrant
Contribution
in Last
FY
($)
|
Aggregate
Earnings
(Loss)
in Last FY1
($)
|
Aggregate
Withdrawals/
Distributions
($)
|
Aggregate
Balance
at Last
FY
($)
|
Ronald A.
Duncan
|
- -
-
|
- -
-
|
(128,918)
|
- -
-
|
1,580,228
|
G. Wilson
Hughes
|
125,000
|
100,000
|
(84,118)
|
- -
-
|
2,712,253
|
John M. Lowber2
|
65,000
|
90,538
|
88,812
|
(400,000)
|
1,087,384
|
William C.
Behnke
|
- -
-
|
- -
-
|
(8,097)
|
- -
-
|
99,248
|
Gregory F.
Chapados
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
1
|
Includes
earnings of $7,556 for Mr. Hughes and $646 for Mr. Lowber that is reported
in the Summary Compensation Table.
|
2
|
Includes
$90,538 in Company contributions, $13,894 in aggregate earnings and a year
end balance of $194,845 which vests 100% on December 31, 2010 pursuant to
a retention agreement.
|
Name
|
Fees
Earned
or
Paid
in
Cash
($)
|
Stock
Awards2
($)
|
Option
Awards
($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Change
in
Pension
Value
and
Nonqualified
Deferred
Compensation
Earnings
($)
|
All
Other
Compensation
($)
|
Total
($)
|
Stephen M.
Brett
|
40,000
|
24,509
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
64,509
|
Jerry A. Edgerton3
|
130,623
|
88,844
|
- -
-
|
- -
-
|
- -
-
|
25,734
|
245,201
|
Scott M.
Fisher
|
40,000
|
24,509
|
- -
-
|
- -
-
|
- -
-
|
507
|
65,016
|
William P.
Glasgow
|
50,000
|
24,509
|
- -
-
|
- -
-
|
- -
-
|
1,523
|
76,032
|
Mark W. Kroloff4
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
Stephen R. Mooney5
|
189,623
|
88,844
|
- -
-
|
- -
-
|
- -
-
|
25,734
|
304,201
|
James M.
Schneider
|
50,000
|
24,509
|
- -
-
|
- -
-
|
- -
-
|
- -
-
|
74,509
|
1
|
Compensation
to Mr. Duncan as a director is described elsewhere in this
report. See within this item 11, "Executive Compensation" and
"Compensation Discussion and
Analysis."
|
2
|
Except as
noted in the table and as further described below, each director received
a grant of awards of 3,330 shares of Company Class A common stock on June
1, 2008. The value of the shares on the date of grant was $7.36
per share, i.e., the closing price of the stock on Nasdaq on that date and
as required in accordance with FAS
123R.
|
3
|
Includes
$90,623 in board fees, $64,335 in Class A common stock and $25,734 in tax
reimbursement for prior years' service on our board during which Mr.
Edgerton's previous employer did not allow board compensation to accrue to
the benefit of an individual serving on the
board.
|
4
|
Mr. Kroloff
was appointed to the board in February 2009 and did not receive director
compensation for 2008.
|
5
|
Includes
$139,623 in board fees, $64,335 in Class A common stock and $25,734 in tax
reimbursement for prior years' service on our board during which Mr.
Mooney's previous employer did not allow board compensation to accrue to
the benefit of the individual serving on the
board.
|
·
|
Each person
known by us to own beneficially 5% or more of the outstanding shares of
Class A common stock or Class B common
stock.
|
·
|
Each of our
directors.
|
·
|
Each of the
Named Executive Officers.
|
·
|
All of our
executive officers and directors as a
group.
|
Names
of
Beneficial Owner1
|
Title
of
Class2
|
Amount
and
Nature
of
Beneficial
Ownership
(#)
|
% of
Class
|
% of Total
Shares Outstanding
(Class A & B)2
|
%
Combined
Voting
Power
(Class A & B)2
|
Stephen M.
Brett
|
Class
A
Class
B
|
41,6503
-
- -
|
*
- -
-
|
*
|
*
|
Ronald A.
Duncan
|
Class
A
Class
B
|
1,660,3453,4
459,9704
|
3.3
14.4
|
3.9
|
7.6
|
Jerry A.
Edgerton
|
Class
A
Class
B
|
16,6503
-
- -
|
*
- -
-
|
*
|
*
|
Scott M.
Fisher
|
Class
A
Class
B
|
104,2623,5
437,6885
|
*
13.7
|
*
|
5.5
|
William P.
Glasgow
|
Class
A
Class
B
|
66,5943,6
-
- -
|
*
- -
-
|
*
|
*
|
G. Wilson
Hughes
|
Class
A
Class
B
|
938,1707
2,6957
|
1.9
*
|
1.7
|
1.2
|
Mark W. Kroloff8
|
Class
A
Class
B
|
10,000
-
- -
|
*
- -
-
|
*
|
*
|
John M.
Lowber
|
Class
A
Class
B
|
627,6449
6,2569
|
1.3
*
|
1.2
|
*
|
Stephen R.
Mooney
|
Class
A
Class
B
|
16,6503
-
- -
|
*
- -
-
|
*
|
*
|
James M.
Schneider
|
Class
A
Class
B
|
38,0503
-
- -
|
*
- -
-
|
*
|
*
|
William C.
Behnke
|
Class
A
Class
B
|
296,89510
-
- -
|
*
- -
-
|
*
|
*
|
Gregory F.
Chapados
|
Class
A
Class
B
|
212,99711
-
- -
|
*
- -
-
|
*
|
*
|
Arctic Slope
Regional Corp.
3900 C
Street, Suite 801
Anchorage,
Alaska 99503
|
Class
A
Class
B
|
7,481,240
-
- -
|
14.9
- -
-
|
14.0
|
9.2
|
Barclays
Global Investors
45 Fremont
Street
San
Francisco, CA 94105
|
Class
A
Class
B
|
3,540,879
-
- -
|
7.1
- -
-
|
6.6
|
4.3
|
GCI Qualified
Employee
Stock
Purchase Plan
2550 Denali
St., Ste. 1000
Anchorage, AK
99503
|
Class
A
Class
B
|
4,883,91112
72,86612
|
9.8
2.3
|
9.3
|
6.9
|
Gary
Magness
c/o Raymond
L. Sutton, Jr.
303 East 17th
Ave., Ste 1100
Denver, CO
80203-1264
|
Class
A
Class
B
|
1,347,961
433,924
|
2.7
13.5
|
3.3
|
7.0
|
John W.
Stanton and
Theresa E.
Gillespie
155 108th
Avenue., N.E.,
Suite
450
Bellevue, WA
98004
|
Class
A
Class
B
|
2,503,305
1,275,791
|
5.0
39.8
|
7.1
|
18.7
|
Robert M.
Walp
804 P Street,
Apt. 4
Anchorage, AK
99501
|
Class
A
Class
B
|
122,34712
202,35012
|
*
6.3
|
*
|
2.6
|
All Directors
and Executive
Officers
As a Group
(20
Persons)
|
Class
A
Class
B
|
5,355,16013
991,33813
|
10.7
31.0
|
11.2
|
18.0
|
1
|
Beneficial
ownership is determined in accordance with Rule 13d-3 of the Exchange
Act. Shares of our stock that a person has the right to acquire
within 60 days of December 31, 2008 are deemed to be beneficially owned by
such person and are included in the computation of the ownership and
voting percentages only of such person. Each person has sole
voting and investment power with respect to the shares indicated, except
as otherwise stated in the footnotes to the table. Addresses
are provided only for persons other than management who own beneficially
more than 5% of the outstanding shares of Class A or B common
stock.
|
2
|
"Title of
Class" includes our Class A common stock and Class B common
stock. "Amount and Nature of Beneficial Ownership" and "% of
Class" are given for each class of stock. "% of Total Shares
Outstanding" and "% Combined Voting Power" are given for the combination
of outstanding Class A common stock and Class B common stock, and the
voting power for Class B common stock (10 votes per share) is factored
into the calculation of that combined voting
power.
|
3
|
Includes
3,330 shares of our Class A common stock granted to each of those persons
pursuant to the Director Compensation Plan for services performed during
2008.
|
4
|
Includes
147,391 shares of Class A common stock and 6,219 shares of Class B common
stock allocated to Mr. Duncan under the Stock Purchase Plan as of December
31, 2008. Includes 400,000 shares of Class A common stock
subject to stock options granted under the Stock Option Plan to Mr. Duncan
which he has the right to acquire within 60 days of December 31, 2008 by
exercise of the stock options. Does not include 195,331 shares
of Class A common stock held by us in treasury pursuant to deferred
compensation agreements with us. Does not include 35,560 shares
of Class A common stock or 8,242 shares of Class B common stock held by
the Amanda Miller Trust, with respect to which Mr. Duncan has no voting or
investment power. Ms. Miller is Mr. Duncan's daughter, and Mr.
Duncan disclaims beneficial ownership of the shares. Does
not include 27,760 shares of Class A common stock or 27,020 shares of
Class B common stock held by Dani Bowman, Mr. Duncan's wife, of which Mr.
Duncan disclaims beneficial ownership. Includes 150,000 shares
of Class A common stock which a company owned by Mr. Duncan has the right
to acquire within 60 days of December 31, 2008 by the exercise of stock
options. Includes 714,392 shares of Class A common stock and
453,751 shares of Class B common stock pledged as
security.
|
5
|
Includes
87,512 shares of Class A and 437,688 shares of Class B common stock owned
by Fisher Capital Partners, Ltd. of which Mr. Fisher is a
partner.
|
6
|
Does not
include 158 shares owned by a daughter of Mr. Glasgow. Mr.
Glasgow disclaims any beneficial ownership of the shares held by his
daughter.
|
7
|
Includes
500,000 shares of Class A common stock which Mr. Hughes has the right to
acquire within 60 days of December 31, 2008 by the
exercise of vested stock options. Includes 81,422 shares of
Class A common stock and 2,695 shares of Class B common stock allocated to
Mr. Hughes under the Stock Purchase Plan, as of December 31,
2008. Includes a grant of restricted stock the vesting of which
is contingent on 2009 adjusted EBITDA exceeding $202 million and ratably
thereafter as previously described. See within item 11 of this
report, "Outstanding Equity Awards at Fiscal Year-End
Table." Includes 325,890 shares of Class A common stock pledged
as security. Excludes 217,300 shares held by the Company
pursuant to Mr. Hughes' Deferred Compensation
Agreement.
|
8
|
Mr. Kroloff
joined our board on February 9, 2009. Includes 10,000 shares
purchased by Mr. Kroloff. Excludes shares held by Arctic Slope
Regional Corporation where Mr. Kroloff is the Chief Operating
Officer.
|
9
|
Includes
520,000 shares which Mr. Lowber has the right to acquire within 60 days of
December 31, 2008 by the exercise of vested stock
options. Includes 28,321 shares of Class A common stock and
5,986 shares of Class B common stock allocated to Mr. Lowber under the
Stock Purchase Plan, as of December 31,
2008.
|
10
|
Includes
283,333 shares which Mr. Behnke has the right to acquire within 60 days of
December 31, 2008 by the exercise of vested stock
options. Includes 8,800 shares of Class A common stock
allocated to Mr Benhke under the Stock Purchase Plan, as of December 31,
2008.
|
11
|
Includes
192,000 shares of Class A common stock which Mr. Chapados has the right to
acquire within 60 days of December 31, 2008 by the exercise of vested
stock options. Includes a grant of restricted stock the vesting
of which is contingent on 2009 adjusted EBITDA exceeding $202 million and
ratably thereafter as previously described. See within item 11
of this report, "Outstanding Equity Awards at Fiscal Year-End
Table." Includes 5,997 shares of Class A common stock allocated
to Mr. Chapados under the Stock Purchase Plan as of December 31,
2008.
|
12
|
Includes
16,098 shares of Class A common stock and 457 shares of Class B common
stock allocated to Mr. Walp under the Stock Purchase
Plan. Includes 25,000 shares of Class A common stock which Mr.
Walp has the right to acquire within 60 days of December 31, 2008 by the
exercise of vested stock options.
|
13
|
Includes
3,102,091 shares of Class A common stock which such persons have the right
to acquire within 60 days of December 31, 2008 through the exercise of
vested stock options. Includes 486,039 shares of Class A common
stock and 25,601 shares of Class B common stock allocated to such persons
under the Stock Purchase Plan. Does not include shares held by
Arctic Slope Regional Corporation where Mr. Kroloff is the Chief Operating
Officer.
|
Plan
category
|
Number of
securities
to be issued
upon exercise of outstanding options, warrants and rights
|
Weighted-average
exercise
price of
outstanding
options,
warrants and
rights
($)
|
Number of
securities
remaining
available for future issuance under equity compensation plans (excluding
securities reflected in the second column)
|
Equity
compensation
plans
approved by
security
holders
|
7,205,186
|
9.08
|
917,855
|
Equity
compensation
plans not
approved by
security
holders
|
150,000
|
6.50
|
-0-
|
Total:
|
7,355,186
|
9.03
|
917,855
|
Item
13.
|
Certain
Relationships and Related Transactions, and Director
Independence.
|
·
|
Full
Audit Committee –
The full Audit Committee can consider each Non-Audit
Service.
|
·
|
Designee –
The Audit Committee can designate one of its members to approve a
Non-Audit Service, with that member reporting approvals to the full
committee.
|
·
|
Pre-Approval
of Categories –
The Audit Committee can pre-approve categories of Non-Audit
Services. Should this option be chosen, the categories must be
specific enough to ensure both of the following
–
|
o
|
The Audit
Committee knows exactly what it is approving and can determine the effect
of such approval on auditor
independence.
|
o
|
Management
will not find it necessary to decide whether a specific service falls
within a category of pre-approved Non-Audit
Service.
|
Type of
Fees
|
2008
|
2007
|
Audit Fees1
|
$1,442,605
|
$646,500
|
Audit-Related Fees2
|
17,500
|
13,500
|
Tax Fees3
|
45,695
|
26,250
|
All Other Fees4
|
0
|
0
|
Total
|
$1,505,800
|
$686,250
|
1
|
Consists of
fees for our annual financial statement audit, quarterly financial
statement reviews, reviews of other filings by us with the SEC, audit of
our internal control over financial reporting and for services that are
normally provided by an auditor in connection with statutory and
regulatory filings or engagements.
|
2
|
Consists of
fees for audit of the Stock Purchase Plan and review of the related annual
report on Form 11-K filed with the
SEC.
|
3
|
Consists of
fees for review of our state and federal income tax returns and
consultation on various tax advice and tax planning
matters.
|
4
|
Consists of
fees for any services not included in the first three types of fees
identified in the table.
|
Exhibit
No.
|
Description
|
3.1
|
Restated
Articles of Incorporation of the Company dated August 20, 2007
(37)
|
3.2
|
Amended
and Restated Bylaws of the Company dated August 20, 2007
(36)
|
4.1
|
Certified
copy of the General Communication, Inc. Amendment No. 1, dated as of June
25, 2007, to the Amended and Restated 1986 Stock Option Plan
(33)
|
10.3
|
Westin
Building Lease (3)
|
10.4
|
Duncan
and Hughes Deferred Bonus Agreements (4)
|
10.5
|
Compensation
Agreement between General Communication, Inc. and William C. Behnke dated
January 1, 1997 (13)
|
10.6
|
Order
approving Application for a Certificate of Public Convenience and
Necessity to operate as a Telecommunications (Intrastate Interexchange
Carrier) Public Utility within Alaska (2)
|
10.13
|
MCI
Carrier Agreement between MCI Telecommunications Corporation and General
Communication, Inc. dated January 1, 1993 (5)
|
10.14
|
Contract
for Alaska Access Services Agreement between MCI Telecommunications
Corporation and General Communication, Inc. dated January 1, 1993
(5)
|
10.15
|
Promissory
Note Agreement between General Communication, Inc. and Ronald A. Duncan,
dated August 13, 1993 (6)
|
10.16
|
Deferred
Compensation Agreement between General Communication, Inc. and Ronald A.
Duncan, dated August 13, 1993 (6)
|
10.17
|
Pledge
Agreement between General Communication, Inc. and Ronald A. Duncan, dated
August 13, 1993 (6)
|
10.20
|
The
GCI Special Non-Qualified Deferred Compensation Plan
(7)
|
10.21
|
Transponder
Purchase Agreement for Galaxy X between Hughes Communications Galaxy, Inc.
and GCI Communication Corp. (7)
|
10.25
|
Licenses:
(3)
|
10.25.1
|
214
Authorization
|
10.25.2
|
International
Resale Authorization
|
10.25.3
|
Digital
Electronic Message Service Authorization
|
10.25.11
|
Certificate
of Convenience and Public Necessity – Telecommunications Service (Local
Exchange) dated July 7, 2000 (29)
|
10.26
|
ATU
Interconnection Agreement between GCI Communication Corp. and Municipality
of Anchorage, executed January 15, 1997 (12)
|
10.29
|
Asset
Purchase Agreement, dated April 15, 1996, among General Communication,
Inc., ACNFI, ACNJI and ACNKSI (8)
|
10.30
|
Asset
Purchase Agreement, dated May 10, 1996, among General Communication, Inc.,
and Alaska Cablevision, Inc. (8)
|
10.31
|
Asset
Purchase Agreement, dated May 10, 1996, among General Communication, Inc.,
and McCaw/Rock Homer Cable System, J.V. (8)
|
10.32
|
Asset
Purchase Agreement, dated May 10, 1996, between General Communication,
Inc., and McCaw/Rock Seward Cable System, J.V. (8)
|
10.33
|
Amendment
No. 1 to Securities Purchase and Sale Agreement, dated October 31, 1996,
among General Communication, Inc., and the Prime Sellers Agent
(9)
|
10.34
|
First
Amendment to Asset Purchase Agreement, dated October 30, 1996, among
General Communication, Inc., ACNFI, ACNJI and ACNKSI
(9)
|
10.36
|
Order
Approving Arbitrated Interconnection Agreement as Resolved and Modified by
Order U-96-89(5) dated January 14, 1997 (12)
|
10.37
|
Amendment
to the MCI Carrier Agreement executed April 20, 1994
(12)
|
10.38
|
Amendment
No. 1 to MCI Carrier Agreement executed July 26, 1994
(11)
|
10.39
|
MCI
Carrier Addendum—MCI 800 DAL Service effective February 1, 1994
(11)
|
10.40
|
Third
Amendment to MCI Carrier Agreement dated as of October 1, 1994
(11)
|
10.41
|
Fourth
Amendment to MCI Carrier Agreement dated as of September 25, 1995
(11)
|
10.42
|
Fifth
Amendment to the MCI Carrier Agreement executed April 19, 1996
(12)
|
10.43
|
Sixth
Amendment to MCI Carrier Agreement dated as of March 1, 1996
(11)
|
10.44
|
Seventh
Amendment to MCI Carrier Agreement dated November 27, 1996
(14)
|
10.45
|
First
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and MCI Telecommunications Corporation dated April 1,
1996 (14)
|
10.46
|
Service
Mark License Agreement between MCI Communications Corporation and General
Communication, Inc. dated April 13, 1994 (13)
|
10.47
|
Radio
Station Authorization (Personal Communications Service License), Issue
Date June 23, 1995 (13)
|
10.50
|
Contract
No. 92MR067A Telecommunications Services between BP Exploration (Alaska),
Inc. and GCI Network Systems dated April 1, 1992 (14)
|
10.51
|
Amendment
No. 03 to BP Exploration (Alaska) Inc. Contract No. 92MRO67A effective
August 1, 1996 (14)
|
10.52
|
Lease
Agreement dated September 30, 1991 between RDB Company and General
Communication, Inc. (2)
|
10.54
|
Order
Approving Transfer Upon Closing, Subject to Conditions, and Requiring
Filings dated September 23, 1996 (13)
|
10.55
|
Order
Granting Extension of Time and Clarifying Order dated October 21, 1996
(13)
|
10.58
|
Employment
and Deferred Compensation Agreement between General Communication, Inc.
and John M. Lowber dated July 1992 (13)
|
10.59
|
Deferred
Compensation Agreement between GCI Communication Corp. and Dana L. Tindall
dated August 15, 1994 (13)
|
10.60
|
Transponder
Lease Agreement between General Communication Incorporated and Hughes
Communications Satellite Services, Inc., executed August 8, 1989
(6)
|
10.61
|
Addendum
to Galaxy X Transponder Purchase Agreement between GCI Communication Corp.
and Hughes Communications Galaxy, Inc. dated August 24, 1995
(13)
|
10.62
|
Order
Approving Application, Subject to Conditions; Requiring Filing; and
Approving Proposed Tariff on an Inception Basis, dated February 4, 1997
(13)
|
10.66
|
Supply
Contract Between Submarine Systems International Ltd. And GCI
Communication Corp. dated as of July 11, 1997. (15)
|
10.67
|
Supply
Contract Between Tyco Submarine Systems Ltd. And Alaska United Fiber
System Partnership Contract Variation No. 1 dated as of December 1, 1997.
(15)
|
10.71
|
Third
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and MCI Telecommunications Corporation dated February
27, 1998 (16)
|
10.80
|
Fourth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom. (17)
|
10.89
|
Fifth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom Network Services, Inc., formerly known as MCI
Telecommunications Corporation dated August 7, 2000 #
(18)
|
10.90
|
Sixth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom Network Services, Inc., formerly known as MCI
Telecommunications Corporation dated February 14, 2001 #
(18)
|
10.91
|
Seventh
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom Network Services, Inc., formerly known as MCI
Telecommunications Corporation dated March 8, 2001 #
(18)
|
10.100
|
Contract
for Alaska Access Services between Sprint Communications Company L.P. and
General Communication, Inc. and its wholly owned subsidiary GCI
Communication Corp. dated March 12, 2002 # (21)
|
|
10.102
|
First
Amendment to Lease Agreement dated as of September 2002 between RDB
Company and GCI Communication Corp. as successor in interest to General
Communication, Inc. (22)
|
|
10.103
|
Agreement
and plan of merger of GCI American Cablesystems, Inc. a Delaware
corporation and GCI Cablesystems of Alaska, Inc. an Alaska corporation
each with and into GCI Cable, Inc. an Alaska corporation, adopted as of
December 10, 2002 (22)
|
|
10.104
|
Articles
of merger between GCI Cablesystems of Alaska, Inc. and GCI Cable, Inc.,
adopted as of December 10, 2002 (22)
|
|
10.105
|
Aircraft
lease agreement between GCI Communication Corp., and Alaska corporation
and 560 Company, Inc., an Alaska corporation, dated as of January 22, 2001
(22)
|
|
10.106
|
First
amendment to aircraft lease agreement between GCI Communication Corp., and
Alaska corporation and 560 Company, Inc., an Alaska corporation, dated as
of February 8, 2002 (22)
|
|
10.108
|
Bonus
Agreement between General Communication, Inc. and Wilson Hughes
(23)
|
|
10.109
|
Eighth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom Network Services, Inc. # (23)
|
|
10.110
|
Settlement
and Release Agreement between General Communication, Inc. and WorldCom,
Inc. (23)
|
|
10.112
|
Waiver
letter agreement dated as of February 13, 2004 for Credit, Guaranty,
Security and Pledge Agreement (24)
|
|
10.113
|
Indenture
dated as of February 17, 2004 between GCI, Inc. and The Bank of New York,
as trustee (24)
|
|
10.114
|
Registration
Rights Agreement dated as of February 17, 2004, among GCI,
Inc., and Deutsche Bank Securities Inc., Jefferies &
Company, Inc., Credit Lyonnais Securities (USA), Inc., Blaylock &
Partners, L.P., Ferris, Baker Watts, Incorporated, and TD Securities
(USA), Inc., as Initial Purchasers (24)
|
|
10.121
|
First
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated July 24, 2002
# (26)
|
|
10.122
|
Second
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated December 31, 2003
(26)
|
|
10.123
|
Third
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated February 19, 2004
# (26)
|
|
10.124
|
Fourth
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated June 30, 2004
# (26)
|
|
10.126
|
Audit
Committee Charter (as revised by the board of directors of General
Communication, Inc. effective as of February 3,
2005) (27)
|
|
10.127
|
Nominating
and Corporate Governance Committee Charter (as revised by the board of
directors of General Communication, Inc. effective as of February 3,
2005) (27)
|
|
10.128
|
Fifth
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated January 22, 2005
# (27)
|
|
10.129
|
Ninth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI WorldCom Network Services, Inc. #
(28)
|
10.130
|
Amended
and Restated Credit Agreement among GCI Holdings, Inc. and Calyon New York
Branch as Administrative Agent, Sole Lead Arranger, and Co-Bookrunner, The
Initial Lenders and Initial Issuing Bank Named Herein as Initial Lenders
and Initial Issuing Bank, General Electric Capital Corporation as
Syndication Agent, and Union Bank of California, N.A., CoBank, ACB, CIT
Lending Services Corporation and Wells Fargo Bank, N.A. as
Co-Documentation Agents, dated as of August 31, 2005
(28)
|
|
10.131
|
Amended
and Restated 1986 Stock Option Plan of General Communication, Inc. as of
June 7, 2005 (28)
|
|
10.132
|
Amendment
No. 1 to $150 Million EBITDA Incentive Program dated December 30, 2005
(29)
|
|
10.134
|
Full-time
Transponder Capacity Agreement with PanAmSat Corporation dated March 31,
2006 # (30)
|
|
10.135
|
Tenth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI Communications Services, Inc. d/b/a Verizon Business
Services (successor-in-interest to MCI Network Services, Inc., which was
formerly known as MCI WorldCom Network Services)
# (31)
|
|
10.136
|
Reorganization
Agreement among General Communication, Inc., Alaska DigiTel, LLC, The
Members of Alaska DigiTel, LLC, AKD Holdings, LLC and The Members of
Denali PCS, LLC dated as of June 16, 2006 (Nonmaterial schedules and
exhibits to the Reorganization Agreement have been omitted pursuant to
Item 601b.2 of Regulation S-K. We agree to furnish supplementally to the
Commission upon request a copy of any omitted schedule or exhibit.)
# (32)
|
|
10.137
|
Second
Amended and Restated Operating Agreement of Alaska DigiTel, LLC dated as
of January 1, 2007 (We agree to furnish supplementally to the Commission
upon request a copy of any omitted schedule or exhibit.)
# (32)
|
|
10.138
|
Sixth
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated September 20, 2006
(33)
|
|
10.139
|
Seventh
amendment to contract for Alaska Access Services between Sprint
Communications Company L.P. and General Communication, Inc. and its wholly
owned subsidiary GCI Communication Corp. dated January 17, 2007 #
(33)
|
|
10.140
|
General
Communication, Inc. Director Compensation Plan dated June 29, 2006
(33)
|
|
10.141
|
Eleventh
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI Communications Services, Inc. d/b/a Verizon Business
Services (successor-in-interest to MCI Network Services, Inc., which was
formerly known as MCI WorldCom Network Services) # (35)
|
|
10.142
|
Third
Amendment to the Amended and Restated Credit Agreement among GCI Holdings,
Inc., GCI Communication Corp., GCI Cable, Inc., GCI Fiber Communication
Co., Potter View Development Co., Inc., and Alaska United Fiber System
Partnership, GCI, Inc., the banks, financial institutions, and other
lenders party hereto and Calyon New York Branch as Administrative Agent,
dated as of September 14, 2007 (36)
|
|
10.143
|
Joinder
Agreement dated as of September 28, 2007 among BNP Paribas, U.S. Bank
National Association, GCI Holdings, Inc., GCI Communication Corp., GCI
Cable, Inc., GCI Fiber Communication Co., Potter View Development Co.,
Inc., and Alaska United Fiber System Partnership, GCI, Inc., and Calyon
New York Branch as Administrative Agent (36)
|
|
10.144
|
Strategic
Roaming Agreement dated as of October 30, 2007 between Alaska DigiTel,
LLC. And WirelessCo L.P. #
(37)
|
10.145
|
CDMA
Build-out Agreement dated as of October 30, 2007 between Alaska DigiTel,
LLC. and WirelessCo L.P. (Nonmaterial schedules and exhibits to the
Reorganization Agreement have been omitted pursuant to Item 601b.2 of
Regulation S-K. We agree to furnish supplementally to the Commission upon
request a copy of any omitted schedule or exhibit.) #
(37)
|
10.146
|
Long-term
de Facto Transfer Spectrum Leasing agreement between Alaska DigiTel,
LLC. and SprintCom, Inc. # (37)
|
10.147
|
Twelfth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI Communications Services, Inc. d/b/a Verizon Business
Services (successor-in-interest to MCI Network Services, Inc., which was
formerly known as MCI WorldCom Network Services) dated November 19, 2007
(Nonmaterial schedules and exhibits to the Reorganization Agreement have
been omitted pursuant to Item 601b.2 of Regulation S-K. We agree to
furnish supplementally to the Commission upon request a copy of any
omitted schedule or exhibit.) # (37)
|
10.148
|
Stock
Purchase Agreement dated as of October 12, 2007 among GCI Communication
Corp., United Companies, Inc., Sea Lion Corporation and Togiak Natives
LTD. (Nonmaterial schedules and exhibits to the Reorganization Agreement
have been omitted pursuant to Item 601b.2 of Regulation S-K. We agree to
furnish supplementally to the Commission upon request a copy of any
omitted schedule or exhibit.) (37)
|
10.149
|
Fourth
Amendment to the Amended and Restated Credit Agreement dated as of May 2,
2008 by and among GCI Holdings, Inc., the other parties thereto and Calyon
New York Branch, as administrative agent, and the other Lenders party
thereto (38)
|
10.150
|
Second
Amendment to Lease Agreement dated as of April 8, 2008 between RDB Company
and GCI Communication Corp. as successor in interest to General
Communication, Inc. (39)
|
10.151
|
Audit
Committee Charter (as revised by the board of directors of General
Communication, Inc. effective as of April 27, 2007)
(39)
|
10.152
|
Nominating
and Corporate Governance Committee Charter (as revised by the board of
directors of General Communication, Inc. effective as of April 27, 2007)
(39)
|
10.153
|
Thirteenth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI Communications Services, Inc. d/b/a Verizon Business
Services (successor-in-interest to MCI Network Services, Inc., which was
formally known as MCI WorldCom Network Services) dated January 16, 2008 #
(39)
|
10.154
|
Fourteenth
Amendment to Contract for Alaska Access Services between General
Communication, Inc. and its wholly owned subsidiary GCI Communication
Corp., and MCI Communications Services, Inc. d/b/a Verizon Business
Services (successor-in-interest to MCI Network Services, Inc., which was
formally known as MCI WorldCom Network Services) dated May 15, 2008
(40)
|
10.155
|
Contract
for Alaska Access Services between the Company and Verizon, dated January
1, 1993 (41)
|
10.156
|
Third
Amendment to Contract for Alaska Access Services between the Company and
Verizon, dated February 27, 1998 (41)
|
10.157
|
Fourth
Amendment to Contract for Alaska Access Services between the Company and
Verizon, dated January 1, 1999 (41)
|
10.158
|
Fifth
Amendment to the Amended and Restated Credit Agreement dated as of October
17, 2008 by and among Holdings, Inc. the other parties thereto and Calyon
New York Branch, as administrative agent, and the other Lenders party
thereto (42)
|
10.159
|
Amendment
to Deferred Bonus Agreement dated December 31, 2008 by and among the
Company, the Employer and Mr. Duncan
(43)
|
10.160
|
Amendment
to Deferred Compensation Agreement dated December 31, 2008 by and among
the Company, the Employer and Mr. Duncan (43)
|
14
|
Code
Of Business Conduct and Ethics (originally reported as exhibit 10.118)
(25)
|
18.1
|
Letter
regarding change in accounting principle (39)
|
21.1
|
Subsidiaries
of the Registrant (44)
|
23.1
|
Consent
of KPMG LLP (Independent Public Accountant for
Company) (44)
|
31
|
Certifications
Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
*
|
32
|
Certifications
Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002 (44)
|
99
|
Additional
Exhibits:
|
99.1
|
The
Articles of Incorporation of GCI Communication Corp.
(1)
|
99.2
|
The
Bylaws of GCI Communication Corp. (1)
|
99.7
|
The
Bylaws of GCI Cable, Inc. (10)
|
99.8
|
The
Articles of Incorporation of GCI Cable, Inc. (10)
|
99.15
|
The
Bylaws of GCI Holdings, Inc. (13)
|
99.16
|
The
Articles of Incorporation of GCI Holdings, Inc. (13)
|
99.17
|
The
Articles of Incorporation of GCI, Inc. (12)
|
99.18
|
The
Bylaws of GCI, Inc. (12)
|
99.27
|
The
Partnership Agreement of Alaska United Fiber System
(15)
|
99.28
|
The
Bylaws of Potter View Development Co., Inc. (19)
|
99.29
|
The
Articles of Incorporation of Potter View Development Co., Inc.
(19)
|
99.34
|
The
Bylaws of GCI Fiber Communication, Co., Inc. (20)
|
99.35
|
The
Articles of Incorporation of GCI Fiber Communication, Co., Inc.
(20)
|
________________
|
|
#
|
CONFIDENTIAL
PORTION has been omitted pursuant to a request for confidential treatment
by us to, and the material has been separately filed with, the Securities
and Exchange Commission. Each omitted Confidential Portion is
marked by three asterisks.
|
*
|
Filed
herewith.
|
________________
|
Exhibit
Reference
|
Description
|
1
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1990
|
2
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1991
|
3
|
Incorporated
by reference to The Company’s Registration Statement on Form 10 (File No.
0-15279), mailed to the Securities and Exchange Commission on December 30,
1986
|
4
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1989.
|
5
|
Incorporated
by reference to The Company’s Current Report on Form 8-K dated June 4,
1993.
|
6
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1993.
|
7
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1995.
|
8
|
Incorporated
by reference to The Company’s Form S-4 Registration Statement dated
October 4, 1996.
|
9
|
Incorporated
by reference to The Company’s Current Report on Form 8-K dated November
13, 1996.
|
10
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1996.
|
11
|
Incorporated
by reference to The Company’s Current Report on Form 8-K dated March 14,
1996, filed March 28, 1996.
|
12
|
Incorporated
by reference to The Company’s Form S-3 Registration Statement (File No.
333-28001) dated May 29, 1997.
|
13
|
Incorporated
by reference to The Company’s Amendment No. 1 to Form S-3/A Registration
Statement (File No. 333-28001) dated July 8, 1997.
|
14
|
Incorporated
by reference to The Company’s Amendment No. 2 to Form S-3/A Registration
Statement (File No. 333-28001) dated July 21, 1997.
|
15
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1997.
|
16
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 1998.
|
17
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 1999.
|
18
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2001.
|
19
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2001.
|
20
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2001.
|
21
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2002.
|
22
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2002.
|
23
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2003.
|
24
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2003.
|
25
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2004.
|
26
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2004.
|
27
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2005.
|
28
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended September 30, 2005.
|
29
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2005 filed March 16, 2006.
|
30
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2006.
|
31
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2006.
|
32
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2006 filed March 19, 2007.
|
33
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2007.
|
34
|
Incorporated
by reference to The Company’s Form S-8 filed with the SEC on July 27,
2007.
|
35
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2007.
|
36
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended September 30, 2007.
|
37
|
Incorporated
by reference to The Company’s Annual Report on Form 10-K for the year
ended December 31, 2007 filed March 7, 2008.
|
38
|
Incorporated
by reference to the Company's Report on Form 8-K for the period May 2,
2008 filed May 8, 2008.
|
39
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended March 31, 2008.
|
40
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended June 30, 2008.
|
41
|
Incorporated
by reference to The Company's Report on Form 8-K for the period September
19, 2008 filed on September 22, 2008.
|
42
|
Incorporated
by reference to The Company’s Quarterly Report on Form 10-Q for the period
ended September 30, 2008.
|
43
|
Incorporated
by reference to The Company's Report on Form 8-K for the period December
31, 2008 filed January 6, 2009.
|
44
|
Incorporated
by reference to The Company's Annual Report on Form 10-K for the year
ended December 31, 2008 filed March 23,
2009
|
By:
|
/s/ Ronald A.
Duncan
|
||
Ronald A.
Duncan, President
|
|||
(Chief
Executive Officer)
|
Date:
|
April 23,
2009
|
Signature
|
Title
|
Date
|
||
/s/ Stephen
M. Brett
|
Chairman of
Board and Director
|
April 23,
2009
|
||
Stephen M.
Brett
|
||||
/s/ Ronald A.
Duncan
|
President and
Director
|
April 23,
2009
|
||
Ronald A.
Duncan
|
(Principal
Executive Officer)
|
|||
/s/ Jerry A.
Edgerton
|
Director
|
April 21,
2009
|
||
Jerry A.
Edgerton
|
||||
/s/ Scott M.
Fisher
|
Director
|
April 23,
2009
|
||
Scott M.
Fisher
|
||||
/s/ William
P. Glasgow
|
Director
|
April 16,
2009
|
||
William P.
Glasgow
|
||||
/s/ Mark W. Kroloff |
Director
|
April 23,
2009
|
||
Mark W.
Kroloff
|
||||
|
Director
|
|
||
Stephen R.
Mooney
|
||||
/s/ James M.
Schneider
|
Director
|
April 23,
2009
|
||
James M.
Schneider
|
||||
/s/ John M.
Lowber
|
Senior Vice
President, Chief Financial
|
April 23,
2009
|
||
John M.
Lowber
|
Officer,
Secretary and Treasurer
(Principal
Financial Officer)
|
|||
/s/ Lynda L.
Tarbath
|
ViVice
President, Chief Accounting
|
April 23,
2009
|
||
Lynda L.
Tarbath
|
Officer
(PPrincipal
Accounting Officer)
|