Edgar Filing: BROADWING CORP

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 ^*

Widham Scott Robert

2. Issuer Name and Ticker or Trading Symbol
BROADWING CORP [BWNG]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President, Corp Development

(Last)

(First)

(Middle)

1122 CAPITAL OF TEXAS HIGHWAY SOUTH

3. Date of Earliest Transaction (Month/Day/Year)
11/07/2006

(Street)

AUSTIN, TX 78746

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock ⁽¹⁾	11/07/2006		S		24,785	D	$ 15.3971	139,886	D
Common Stock	11/08/2006		M		2,812	A	$ 11.2	142,698	D
Common Stock	11/08/2006		M		56,000	A	$ 13.7	198,698	D
Common Stock	11/08/2006		M		2,916	A	$ 13.9	201,614	D
Common Stock	11/08/2006		S		5,728	D	$ 15.45	195,886	D
Common Stock	11/08/2006		S		46,000	D	$ 15.48	149,886	D
Common Stock	11/08/2006		S		10,000	D	$ 15.49	139,886	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 11.2

11/08/2006

2,812

⁽²⁾

07/28/2014

Common Stock

142,698

$ 0

91,188

Stock Option

$ 13.7

11/08/2006

56,000

⁽³⁾

06/14/2014

Common Stock

198,698

$ 0

35,188

Stock Option

$ 13.9

11/08/2006

2,916

⁽⁴⁾

06/13/2013

Common Stock

201,614

$ 0

32,272

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Widham Scott Robert 1122 CAPITAL OF TEXAS HIGHWAY SOUTH AUSTIN, TX 78746			President, Corp Development

Signatures

/s/ Scott Widham		11/09/2006
^**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)	Due to brokerage firm error in reporting the sale price of the common stock, the sale price of 15.3171 as reported in the Form 4 filed on November 8, 2006 was incorrect. The correct sale price is 15.3971.
(2)	This option became exercisable over time since the date of grant, July 28, 2004, pursuant to a four year vesting schedule of 25% at the first anniversary of the grant date with the remainding shares vesting equally each month thereafter.
(3)	This option became exercisable over time since the date of grant, June 14, 2004, pursuant to a four year vesting schedule of 25% at the first anniversary of the grant date with the remainding shares vesting equally each month thereafter.
(4)	This option became exercisable over time since the date of grant, June 13, 2003, pursuant to a five year vesting schedule of 20% at the first anniversary of the grant date with the remainding shares vesting equally each month thereafter.

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