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Lumen Technologies, Inc. Director's Dealing 2004

Jun 10, 2004

30915_dirs_2004-06-09_25760685-bb90-45ae-91a1-3cc643f816e6.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2004-06-09

Reporting Person: COLE DAVID D (Sr. VP - Operations Support)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-06-09 Phantom Stock Units $0.00 A 633.8 Acquired Common Stock (633.80) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 33044.24 Direct
Common Stock 4139.18 Indirect
Common Stock 10462.07 Indirect
Common Stock 1513.20 Indirect
Common Stock 2005.76 Indirect
Common Stock 639.84 Indirect
Common Stock 10447.67 Indirect
Common Stock 2688.90 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $28.34 2004-02-25 Common Stock (40500.00) 40500.00 Direct
Employee Stock Option (right to buy) $14.61 2005-05-22 Common Stock (9798.00) 9798.00 Direct
Employee Stock Option (right to buy) $16.05 2005-05-22 Common Stock (10833.00) 10833.00 Direct
Employee Stock Option (right to buy) $17.64 2005-05-22 Common Stock (12126.00) 12126.00 Direct
Employee Stock Option (right to buy) $13.50 2007-02-24 Common Stock (59616.00) 59616.00 Direct
Employee Stock Option (right to buy) $34.63 2010-02-21 Common Stock (85000.00) 85000.00 Direct
Employee Stock Option (right to buy) $28.03 2011-05-21 Common Stock (81000.00) 81000.00 Direct
Employee Stock Option (right to buy) $32.99 2012-02-25 Common Stock (81000.00) 81000.00 Direct
Employee Stock Option (right to buy) $27.48 2013-02-24 Common Stock (81000.00) 81000.00 Direct

Footnotes

F1: As of most recent statement available

F2: As of December 31, 2003, the most recent statement available.

F3: As of December 31, 2003, the most recent statement available.

F4: As of December 31, 2003, the most recent statement available.

F5: Security converts on a 1-to-1 basis.

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: One-third of the options are exercisable immediately, one-third are exercisable 2/25/05, and one-third are exercisable 2/25/06.

F8: One-third of the Stock Options are exercisable immediately, one-third are exercisble on 2/24/98, and one-third are exercisable on 2/24/99.

F9: 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.

F10: 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.

F11: 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.

F12: One-third of the Stock Options are exercisable 2/24/04, one-third are exercisable 2/24/05, and one-third are exercisable 2/24/06.