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Frontier Communications Parent, Inc. Director's Dealing 2007

Jan 3, 2007

30642_dirs_2007-01-03_6615c6bb-5b7f-4dbd-a79f-fbaf0bb9cd0a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CITIZENS COMMUNICATIONS CO (CZN)
CIK: 0000020520
Period of Report: 2006-12-29

Reporting Person: HARFENIST STANLEY (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-12-29 Phantom Stock Units $0 A 2521.16 Acquired Common Stock (2521.16) Indirect
2006-12-29 Phantom Stock Units $0 A 880.43 Acquired Common Stock (880.43) Indirect
2007-01-02 Phantom Stock Units $0 A 3500 Acquired Common Stock (3500) Indirect
2007-01-02 Phantom Stock Units $0 A 1440 Acquired Common Stock (1440) Indirect

Footnotes

F1: Phantom stock units convert one-for-one into shares of common stock or cash equivalent, upon the Reporting Person's termination of service as a director of the Company.

F2: Acquired pursuant to a dividend reinvestment feature of the Non-Employee Directors' Equity Incentive Plan.

F3: Pursuant to Reporting Person's election for securities to be issued to the Stanley and Jean Harfenist Family Trust.

F4: Pursuant to Reporting Person's election to receive director's fees in phantom stock units.

F5: Acquired pursuant to the annual Formula Grant feature of the Non-Employee Directors' Equity Incentive Plan.

F6: Pursuant to Reporting Person's election to receive quarterly payment of annual retainer fee in phantom stock units.