Step 1: Understand the format.
We judge the truth of the Assertion and the Reason separately, then match to the right option.
Step 2: Check the Assertion.
The Assertion says the \(-OH\) group of phenol directs the incoming group to the meta position. In fact the \(-OH\) group donates electron density by resonance and directs to ortho and para, not meta. So the Assertion is FALSE.
Step 3: Check the Reason.
The Reason says the \(-OH\) group activates the ring toward electrophilic substitution. This is TRUE, because the lone pairs on oxygen increase electron density on the ring.
Step 4: Match Assertion and Reason status.
Here the Assertion is false but the Reason is true.
Step 5: Conclude.
The correct choice is that Assertion is false but Reason is true, which is option 4.
\[ \boxed{\text{Assertion false, Reason true}} \]