Lumen Technologies, Inc. - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2006-02-20

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-20	Common Stock	A	12000	—	Acquired	36000.00	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-20	Employee Stock Option (right to buy)	$35.41	A	40500	Acquired	2016-02-20	Common Stock (40500.00)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$34.63	2010-02-21	Common Stock (9400.00)	9400.00	Direct
Employee Stock Option (right to buy)	$32.99	2012-02-25	Common Stock (18000.00)	18000.00	Direct
Employee Stock Option (right to buy)	$26.95	2013-03-14	Common Stock (9666.00)	9666.00	Direct
Employee Stock Option (right to buy)	$34.20	2013-08-26	Common Stock (50000.00)	50000.00	Direct
Employee Stock Option (right to buy)	$28.34	2014-02-25	Common Stock (13499.00)	13499.00	Direct
Employee Stock Option (right to buy)	$33.40	2015-02-17	Common Stock (40500.00)	40500.00	Direct

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 2/21/2001, one-third are exercisable on 2/21/2002, and one-third are exercisable on 2/21/2003.

F6: 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.

F7: One-third of the options are exercisable immediately, one-third are exercisable 2/25/05, and one-third are exercisable 2/25/06.