Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CASSIDY JOHN F
   2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [CBB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
221 EAST FOURTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
01/31/2013
(Street)

CINCINNATI 45202		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               48,681.062 I By 401k Plan
Common Stock (1) 01/31/2013   A   149,265 A $ 4.75 825,122 D  
Common Stock (2) 01/31/2013   F   70,976 D $ 4.75 754,146 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy (3) $ 5.655             12/04/2004 12/04/2013 Common Stock 801,000   801,000 D  
Option to Buy (3) $ 3.7             12/03/2005 12/03/2014 Common Stock 666,100   666,100 D  
Option to Buy (3) $ 3.995             12/01/2005 12/01/2015 Common Stock 425,000   425,000 D  
Option to Buy (3) $ 3.49             01/27/2007 01/27/2016 Common Stock 85,000   85,000 D  
Option to Buy (3) $ 4.735             12/08/2007 12/08/2016 Common Stock 574,350   574,350 D  
Option to Buy (4) $ 4.91             12/07/2008 12/07/2017 Common Stock 559,355   559,355 D  
Option to Buy (4) $ 1.67             12/05/2009 12/05/2018 Common Stock 680,000   680,000 D  
Option to Buy (4) $ 2.91             01/29/2011 01/29/2020 Common Stock 304,703   304,703 D  
Stock Appreciation Right (5) $ 2.91             01/29/2011 01/29/2020 Common Stock 304,703   304,703 D  
Stock Appreciation Right (5) $ 2.85             01/28/2012 01/28/2021 Common Stock 788,656   788,656 D  
Option to Buy (4) $ 3.4 01/31/2013   A   329,545   01/31/2013 01/27/2022 Common Stock 329,545 $ 0 329,545 (6) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CASSIDY JOHN F
221 EAST FOURTH STREET
CINCINNATI 45202		   X      

Signatures

 Christopher J. Wilson by Power of Attorney for John F. Cassidy   02/04/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Common shares issued upon vesting of performance units granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan, which is a Rule 16b-3 plan.
(2) Surrender of common shares to cover tax liabilities upon vesting of performance units.
(3) Option shares granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(4) Option shares granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(5) Stock Appreciation Right (SAR) granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(6) On January 27, 2012, the reporting person was granted an option to purchase 659,091 shares of common stock. The option vests in three annual installments based on the Company's satisfaction of certain performance criteria for each of the fiscal years ending December 31, 2012, 2013 and 2014. The performance criteria for 2012 were met, resulting in vesting of the option as to 329,545 shares.

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