SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
HARFENIST STANLEY

(Last) (First) (Middle)
THREE HIGH RIDGE PARK

(Street)
STAMFORD CT 06905

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CITIZENS COMMUNICATIONS CO [ CZN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
08/13/2004
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 08/13/2004 08/13/2004 M 5,362 A $10.45 5,362 D
Common Stock 08/13/2004 08/13/2004 M 57,111 A $12.804 62,473 D
Common Stock 08/13/2004 08/13/2004 S 5,000 D $14.27 57,473 D
Common Stock 08/13/2004 08/13/2004 S 10,000 D $14.29 47,473 D
Common Stock 08/13/2004 08/13/2004 S 7,600 D $14.32 39,873 D
Common Stock 08/13/2004 08/13/2004 S 15,000 D $14.25 24,873 D
Common Stock 08/13/2004 08/13/2004 S 2,400 D $14.33 22,473 D
Common Stock 08/13/2004 08/13/2004 S 12,473 D $14.36 10,000 D
Common Stock 08/13/2004 08/13/2004 S 10,000 D $14.38 0.00 D
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 Securities Underlying Derivative Security (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: 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
Director Stock Option (Right to Buy) $10.45 08/13/2004 08/13/2004 G 5,362 01/01/1995 08/01/2004 Common Stock 5,362 $0 5,362 D(1)
Director Stock Option (Right to Buy) $10.45 08/13/2004 08/13/2004 M 5,362 01/01/1995 08/01/2004 Common Stock 5,362 $0 0.00 D
Director Stock Option (Right to Buy) $10.45 08/13/2004 08/13/2004 G 5,362 01/01/1995 08/01/2004(2) Common Stock 5,362 $0 0.00 I(1) Family Trust(3)
Director Stock Option (Right to Buy) $12.804 08/13/2004 08/13/2004 G 57,111 (4) 08/01/2004 Common Stock 57,111 $0 57,111 D(1)
Director Stock Option (Right to Buy) $12.804 08/13/2004 08/13/2004 M 57,111 (4) 08/01/2004 Common Stock 57,111 $0 0.00 D
Director Stock Option (Right to Buy) $12.804 08/13/2004 08/13/2004 G 57,111 (4) 08/01/2004(2) Common Stock 57,111 $0 0.00 I(1) Family Trust(3)
Explanation of Responses:
1. The Harfenist Family Trust transferred the reported options to Stanley Harfenist.
2. The Board of Directors approved an extension of the date on which the options expire from 08/01/2004 to 08/17/2004 to prevent an expiration of the options during a trading blackout in effect from 12/11/2003 through 08/13/2004.
3. Securities held by the Harfenist Family Trust. Stanley Harfenist and Jean Lippka Harfenist are Trustees of the Harfenist Family Trust.
4. The options for 4,393.1 shares are exercisable on 05/19/1995; the remainder are exercisable in five equal annual installments beg inning 01/01/1996.
Remarks:
Stanley Harfenist by L. Russell Mitten Under Power-of-Attorn 08/16/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.