Lumen Technologies, Inc. — Director's Dealing 2007

Feb 22, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2007-02-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-21	Common Stock	M	40500	$33.4	Acquired	75750	Direct
2007-02-21	Common Stock	M	18000	$32.99	Acquired	93750	Direct
2007-02-21	Common Stock	M	9400	$34.63	Acquired	103150	Direct
2007-02-21	Common Stock	S	67900	$45.65	Disposed	35250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-21	Employee Stock Option (right to buy)	$32.99	M	18000	Disposed	2012-02-25	Common Stock (18000)	Direct
2007-02-21	Employee Stock Option (right to buy)	$33.4	M	40500	Disposed	2015-02-17	Common Stock (40500)	Direct
2007-02-21	Employee Stock Option (right to buy)	$34.63	M	9400	Disposed	2010-02-21	Common Stock (9400)	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