Lumen Technologies, Inc. — Director's Dealing 2009

Dec 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2009-12-09

Reporting Person: POST GLEN F III (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-09	Common Stock	M	43700	$34.63	Acquired	560491.64	Direct
2009-12-09	Common Stock	S	43700	$36.1194	Disposed	516791.64	Direct
2009-12-10	Common Stock	M	276300	$34.63	Acquired	793091.64	Direct
2009-12-10	Common Stock	S	276300	$36.1403	Disposed	516791.64	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-09	Employee Stock Option (right to buy)	$34.63	M	43700	Disposed	2010-02-21	Common Stock (43700)	Direct
2009-12-10	Employee Stock Option (right to buy)	$34.63	M	276300	Disposed	2010-02-21	Common Stock (276300)	Direct

Footnotes

F1: Exercised pursuant to a 10b5-1 trading plan.

F2: Sold pursuant to a 10b5-1 trading plan.