Lumen Technologies, Inc. — Director's Dealing 2007

May 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2007-05-23

Reporting Person: POST GLEN F III (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-23	Common Stock	M	44600	$32.99	Acquired	346278.64	Direct
2007-05-23	Common Stock	S	44600	$49.0027	Disposed	301678.64	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-23	Employee Stock Option (right to buy)	$32.99	M	44600	Disposed	2012-02-25	Common Stock (44600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7199.4823	Indirect
Common Stock	20608.4571	Indirect
Common Stock	5864.549	Indirect
Common Stock	50435.2831	Indirect