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Lumen Technologies, Inc. Director's Dealing 2006

Feb 22, 2006

30915_dirs_2006-02-22_f5fa6e96-0fb8-4a4d-b606-21ab52037ae6.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: 2006-02-20

Reporting Person: PUCKETT KAREN A (President & COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-02-20 Common Stock A 22000 Acquired 73417.74 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-02-20 Employee Stock Option (right to buy) $35.41 A 75000 Acquired 2016-02-20 Common Stock (75000.00) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 200.00 Indirect
Common Stock 438.44 Indirect
Common Stock 993.06 Indirect
Common Stock 15.20 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $29.19 2010-07-25 Common Stock (100000.00) 100000.00 Direct
Employee Stock Option (right to buy) $28.03 2011-05-21 Common Stock (50000.00) 50000.00 Direct
Employee Stock Option (right to buy) $32.99 2012-02-25 Common Stock (120000.00) 120000.00 Direct
Employee Stock Option (right to buy) $27.48 2013-02-24 Common Stock (49999.00) 49999.00 Direct
Employee Stock Option (right to buy) $28.34 2014-02-25 Common Stock (75000.00) 75000.00 Direct
Employee Stock Option (right to buy) $33.40 2015-02-17 Common Stock (75000.00) 75000.00 Direct

Footnotes

F1: As of most recent statement available

F2: As of most recent statement available.

F3: As of most recent statement available.

F4: One-third of the options are exercisable 3/15/07, one-third are exercisable 3/15/08, and one-third are exercisable 3/15/09.

F5: One-third of the stock options are exercisable 7/25/01, one-third are exercisable 7/25/02, and remaining one-third are exercisable 7/25/03.

F6: 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.

F7: 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.

F8: 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.

F9: One-third of the options are exercisable immediately, one-third are exercisable 2/17/06, and one-third are exercisable 2/17/07.