Lumen Technologies, Inc. — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2007-02-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-26	Common Stock	A	12000	—	Acquired	47250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-26	Employee Stock Option (right to buy)	$45.9	A	40500	Acquired	2017-02-26	Common Stock (40500)	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)	$34.2	2013-08-26	Common Stock (50000)	50000	Direct
Employee Stock Option (right to buy)	$35.41	2016-02-20	Common Stock (40500)	40500	Direct

Footnotes

F1: One-third of the options are execisable 3/15/08, one-third are exercisable 3/15/09, and one-third are exercisable 3/15/10.