Lumen Technologies, Inc. — Director's Dealing 2010

Dec 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2010-12-02

Reporting Person: PUCKETT KAREN A (Ex. VP & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Common Stock	M	49000.0000	$35.4100	Acquired	299018.8939	Direct
2010-12-02	Common Stock	S	49000.0000	$44.0000	Disposed	250018.8939	Direct
2010-12-06	Common Stock	M	26000.0000	$35.4100	Acquired	276018.8939	Direct
2010-12-06	Common Stock	S	26000.0000	$44.0007	Disposed	250018.8939	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Employee Stock Option (right to buy)	$35.4100	M	49000.0000	Disposed	2016-02-20	Common Stock (49000.0000)	Direct
2010-12-06	Employee Stock Option (right to buy)	$35.4100	M	26000.0000	Disposed	2016-02-20	Common Stock (26000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200.0000	Indirect
Common Stock	1045.9971	Indirect
Common Stock	1889.2644	Indirect
Common Stock	20.1586	Indirect

Footnotes

F1: Sold pursuant to 10b5-1 plan.

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