Lumen Technologies, Inc. — Director's Dealing 2009

Nov 13, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2009-11-11

Reporting Person: Huber Dennis G (Ex. VP - Network & Info. Tech.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-11	Common Stock	M	26416	$32.9	Acquired	59292	Direct
2009-11-11	Common Stock	M	11053	$30.62	Acquired	70345	Direct
2009-11-11	Common Stock	S	5000	$34.5486	Disposed	65345	Direct
2009-11-11	Common Stock	S	37469	$34.4764	Disposed	27876	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-11	NQ Stock Option	$32.9	M	26416	Disposed	2016-02-07	Common Stock (26416)	Direct
2009-11-11	NQ Stock Option	$30.62	M	11053	Disposed	2018-03-02	Common Stock (11053)	Direct

Footnotes

F1: Fully exercisable at conversion date of July 1, 2009.

F2: Option provides for vesting in 3 annual installments with 34% vesting on March 2, 2009 and 33% vesting on each of March 2, 2010 and March 2, 2011.