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Lumen Technologies, Inc. Director's Dealing 2006

Dec 1, 2006

30915_dirs_2006-12-01_b5f4c379-7077-4865-9550-172d90c5ad9c.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: 2006-12-01

Reporting Person: CZESCHIN CALVIN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-01	Common Stock	M	6000	$32.18	Acquired	321919	Direct
2006-12-01	Common Stock	M	6000	$29.7	Acquired	327919	Direct
2006-12-01	Common Stock	M	4000	$29.06	Acquired	331919	Direct
2006-12-01	Common Stock	S	16000	$42.56	Disposed	315919	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-01	Director Stock Option (right to buy)	$29.06	M	4000	Disposed	2012-05-10	Common Stock (4000)	Direct
2006-12-01	Director Stock Option (right to buy)	$29.7	M	6000	Disposed	2014-05-07	Common Stock (6000)	Direct
2006-12-01	Director Stock Option (right to buy)	$32.18	M	6000	Disposed	2013-05-09	Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11997	Indirect