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S-1/A
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1/A on 11/04/1999
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<PAGE>   173
 
1998 AGGREGATED OPTION EXERCISES AND OPTION VALUE TABLE
 
     The following table sets forth for certain executive officers information
concerning the options granted during the fiscal year ended December 31, 1998,
and the value of unexercised options as of December 31, 1998.
 

<TABLE>
<CAPTION>
                                                     NUMBER OF                  VALUE OF UNEXERCISED
                                               SECURITIES UNDERLYING                IN-THE-MONEY
                                                UNEXERCISED OPTIONS                  OPTIONS AT
                                                AT DECEMBER 31, 1998            DECEMBER 31, 1998(1)
                                            ----------------------------    ----------------------------
                                            EXERCISABLE    UNEXERCISABLE    EXERCISABLE    UNEXERCISABLE
                                            -----------    -------------    -----------    -------------
<S>                                         <C>            <C>              <C>            <C>
Jerald L. Kent............................   1,761,032       5,283,095              --              --
Barry L. Babcock..........................          --              --              --              --
Howard L. Wood............................          --              --              --              --
David G. Barford..........................          --              --              --              --
Curtis S. Shaw............................          --              --              --              --
</TABLE>

 
---------------
(1) No options were in-the-money as of December 31, 1998.
 
1999 OPTION GRANTS
 
     The following table shows individual grants of options made to certain
executive officers during 1999, as of June 30, 1999. All such grants were made
under the option plan.
 

<TABLE>
<CAPTION>
                              NUMBER OF                              AGGREGATE VALUE OF OPTIONS TO HOLDER IF
                              MEMBERSHIP                                 CHARTER COMMUNICATIONS, INC.'S
                                UNITS                                    COMMON STOCK PRICE PER SHARE AT
                              UNDERLYING                                      SOME FUTURE DATE IS:
                               OPTIONS     EXERCISE   EXPIRATION   -------------------------------------------
NAME                           GRANTED      PRICE        DATE      $18.00    $22.00      $26.00       $30.00
----                          ----------   --------   ----------   ------   --------   ----------   ----------
<S>                           <C>          <C>        <C>          <C>      <C>        <C>          <C>
Jerald L. Kent..............        --          --          --        --          --           --           --
Barry L. Babcock............    65,000      $20.00      2/9/09      $  0    $130,000   $  390,000   $  650,000
Howard L. Wood..............    65,000       20.00      2/9/09         0     130,000      390,000      650,000
David G. Barford............   200,000       20.00      2/9/09         0     400,000    1,200,000    2,000,000
Curtis S. Shaw..............   200,000       20.00      2/9/09         0     400,000    1,200,000    2,000,000
</TABLE>

 
OPTION PLAN
 
   
     Charter Holdings adopted an option plan on February 9, 1999, which was
assumed by Charter Communications Holding Company on May 25, 1999. This plan
provides for the grant of options to purchase up to 25,009,798 membership units
in Charter Communications Holding Company, which is equal to 10% of the
aggregate equity value of the subsidiaries of Charter Communications Holding
Company as of February 9, 1999, the date of adoption of the plan. The plan
provides for grants of options current and prospective to employees and
consultants of Charter Communications Holding Company and its affiliates and
current and prospective non-employee directors of Charter Communications, Inc.
The plan is intended to promote the long-term financial interest of Charter
Communications Holding Company and its affiliates by encouraging eligible
individuals to acquire an ownership position in Charter Communications Holding
Company and its affiliates and providing incentives for performance. There are a
total of 9,206,281 options outstanding under the plan. The options expire after
ten years from the date of grant. Of those, 8,771,481 options were granted on
February 9, 1999 with an exercise price of $20.00 and
    
 
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