Lumen Technologies, Inc. — Director's Dealing 2006

Sep 14, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2006-09-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-12	Common Stock	M	7512	$26.95	Acquired	42762	Direct
2006-09-12	Common Stock	M	3908	$28.34	Acquired	46670	Direct
2006-09-12	Common Stock	S	11420	$40	Disposed	35250	Direct
2006-09-13	Common Stock	M	2242	$28.34	Acquired	37492	Direct
2006-09-13	Common Stock	S	2242	$40	Disposed	35250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-12	Employee Stock Option (right to buy)	$28.34	M	3908	Disposed	2014-02-25	Common Stock (3908)	Direct
2006-09-12	Employee Stock Option (right to buy)	$26.95	M	7512	Disposed	2013-03-14	Common Stock (7512)	Direct
2006-09-13	Employee Stock Option (right to buy)	$28.34	M	2242	Disposed	2014-02-25	Common Stock (2242)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	886.07	Indirect
Common Stock	1427.07	Indirect
Common Stock	368.64	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$33.4	2015-02-17	Common Stock (40500)	40500	Direct
Employee Stock Option (right to buy)	$34.63	2010-02-21	Common Stock (9400)	9400	Direct
Employee Stock Option (right to buy)	$32.99	2012-02-25	Common Stock (18000)	18000	Direct
Employee Stock Option (right to buy)	$35.41	2016-02-20	Common Stock (40500)	40500	Direct
Employee Stock Option (right to buy)	$34.2	2013-08-26	Common Stock (50000)	50000	Direct