Lumen Technologies, Inc. — Director's Dealing 2003

Aug 29, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2003-08-26

Reporting Person: GOFF STACEY W (Sr. VP, Gen. Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	554.09	Indirect
Common Stock	485.47	Indirect
Common Stock	347.5	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$23.03	2008-01-29	Common Stock (3825.00)		Direct
Employee Stock Option (right to buy)	$34.63	2010-02-21	Common Stock (9400.00)		Direct
Employee Stock Option (right to buy)	$26.18	2011-03-21	Common Stock (5000.00)		Direct
Employee Stock Option (right to buy)	$28.03	2011-05-21	Common Stock (8000.00)		Direct
Employee Stock Option (right to buy)	$32.99	2012-02-25	Common Stock (18000.00)		Direct
Employee Stock Option (right to buy)	$26.95	2013-03-14	Common Stock (29000.00)		Direct
Phantom Stock Units	$0.00		Common Stock (9.80)		Direct

Footnotes

F1: As of December 31, 2002, the most recent statement available.

F2: As of December 31, 2002, the most recent statement available.

F3: One-third of the Stock Options are exercisable 2/21/2001, one-third are exercisable on 2/21/2002, and one-third are exercisable on 2/21/2003.

F4: One-third of the Stock Options are exercisable 5/21/02, one-third are exercisable 5/21/03, and one-third are exercisable 5/21/04.

F5: One-third of the Stock Options are exercisable 2/25/03, one-third are exercisable 2/25/04, and one-third are exercisable 2/25/05.

F6: The reported phantom stock units were acquired under CTE's excess benefit plan and will be settled upon the reporting person's termination of service.

F7: Security converts on a 1-to-1 basis.