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 *
KEATING BRIAN G
   2. Issuer Name and Ticker or Trading Symbol
CINCINNATI BELL INC [CBB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
(Last)
(First)
(Middle)
221 EAST FOURTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
08/14/2012
(Street)

CINCINNATI, OH 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               6,745.961 I By Trustee of 401k
Common Stock (1) 08/14/2012   M   28,492 A $ 1.39 47,425 D  
Common Stock (2) 08/14/2012   F   15,113 D $ 4.5 32,312 D  
Common Stock (3) 08/14/2012   M   36,623 A $ 2.54 68,935 D  
Common Stock 08/14/2012   D   36,623 D $ 4.5 32,312 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy (4) $ 5.655             12/04/2004 12/04/2013 Common Stock 51,000   51,000 D  
Option to Buy (4) $ 3.995             12/01/2005 12/01/2015 Common Stock 50,000   50,000 D  
Option to Buy (4) $ 4.735             12/08/2007 12/08/2016 Common Stock 50,000   50,000 D  
Option to Buy (5) $ 4.91             12/07/2008 12/07/2017 Common Stock 50,000   50,000 D  
Option to Buy (5) $ 2.91             01/29/2011 01/29/2020 Common Stock 50,638   50,638 D  
Stock Appreciation Right (6) $ 1.39 08/14/2012   M     28,942 01/30/2010 01/30/2019 Common Stock 28,492 $ 0 0 D  
Stock Appreciation Right (7) $ 2.54 08/14/2012   M     36,623 12/07/2011 12/07/2020 Common Stock 36,623 $ 0 33,806 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KEATING BRIAN G
221 EAST FOURTH STREET
CINCINNATI, OH 45202		       Vice President  

Signatures

 Christopher J. Wilson, Attorney-in-Fact for Brian G. Keating   08/16/2012
**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 exercise of Stock-settled Stock Appreciation Right (SAR) 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 the exercise price and tax liabilities upon exercise of stock-settled SAR.
(3) Exercise of cash-settled Stock Appreciation Right (SAR).
(4) Option shares granted under the Cincinnati Bell Inc. 1997 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(5) Option shares granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(6) Stock-settled Stock Appreciation Right (SAR) granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.
(7) Cash-settled Stock Appreciation Right (SAR) granted under the Cincinnati Bell Inc. 2007 Long Term Incentive Plan which is a Rule 16b-3 Plan.

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