Lumen Technologies, Inc. — Director's Dealing 2010

Sep 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYTEL INC (CTL)
CIK: 0000018926
Period of Report: 2010-09-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-15	Common Stock	M	3000.0000	$28.3400	Acquired	736976.6400	Direct
2010-09-15	Common Stock	S	3000.0000	$38.0000	Disposed	733976.6400	Direct
2010-09-16	Common Stock	M	157000.0000	$28.3400	Acquired	890976.6400	Direct
2010-09-16	Common Stock	S	157000.0000	$38.0199	Disposed	733976.6400	Direct
2010-09-17	Common Stock	S	20200.0000	$39.0000	Disposed	713776.6400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-15	Employee Stock Option (right to buy)	$28.3400	M	3000.0000	Disposed	2014-02-25	Common Stock (3000.0000)	Direct
2010-09-16	Employee Stock Option (right to buy)	$28.3400	M	157000.0000	Disposed	2014-02-25	Common Stock (157000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9054.8413	Indirect
Common Stock	24188.9939	Indirect
Common Stock	6883.4924	Indirect
Common Stock	59197.9672	Indirect

Footnotes

F1: Sold pursuant to 10b5-1 plan.

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