Sec Form 4 Filing - TORNBERG EDWIN @ CITIZENS COMMUNICATIONS CO - 2007-05-17

Insider filing report for Changes in Beneficial Ownership
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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
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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1. Name and Address of Reporting Person
TORNBERG EDWIN
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)
(Last) (First) (Middle)
3 HIGH RIDGE PARK
3. Date of Earliest Transaction (MM/DD/YY)
05/17/2007
(Street)
STAMFORD, CT06905
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/17/2007 M 25,802.12 A $ 0 ( 1 ) 25,802.12 I By Trust ( 2 )
Common Stock 05/17/2007 D 5,447.12 D $ 15.46 ( 3 ) 20,355 I By Trust ( 2 )
Common Stock 8,397 D
Common Stock 651 I By Spouse
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Phantom Stock Units $ 0 ( 1 ) 05/17/2007 M 25,802.12 ( 1 ) ( 1 ) Common Stock 25,802.12 $ 0 ( 1 ) 25,872.38 I By Trust ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TORNBERG EDWIN
3 HIGH RIDGE PARK
STAMFORD, CT06905
X
Signatures
Hilary E. Glassman, under Power of Attorney 05/18/2007
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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. Reporting Person retired from Board on May 17, 2007. Pursuant to Reporting Person's election, on May 29, 2007, he will receive cash in settlement of 5,447.12 Phantom Stock Units and shares of the Company's Common Stock in settlement of 20,355 Phantom Stock Units.
( 2 )Pursuant to the Reporting Person's direction, securities held by The Edwin Tornberg Living Trust.
( 3 )Phantom Stock Units issued under the Directors' Equity Incentive Plan are valued using the closing price of the Common Stock as of the Report Person's retirement 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).

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