Lumen Technologies, Inc. — Director's Dealing 2006

May 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2006-05-03

Reporting Person: PERRY HARVEY P (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-03	Common Stock	S	13500	$37.09	Disposed	37391.88	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0.00	Indirect
Common Stock	0.00	Indirect
Common Stock	0.00	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$29.70	2014-05-07	Common Stock (6000.00)	6000.00	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)	$32.99	2012-02-25	Common Stock (81000.00)	81000.00	Direct

Footnotes

F1: As of most recent statement available

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

F3: As of December 31, 2002, the most recent statement available.

F4: 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.

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.