Lumen Technologies, Inc. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2011-02-27

Reporting Person: Cheek William E (President - Wholesale Op.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-27	Common Stock	M	4758.0000	$0.0000	Acquired	50149.0000	Direct
2011-02-27	Common Stock	F	1548.0000	$40.4400	Disposed	48601.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-27	Restricted Stock Units	$0.0000	M	4758.0000	Disposed		Common Stock (4758.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	707.3576	Indirect

Footnotes

F1: Upon vesting of restricted stock units, an equivalent number of shares of CenturyTel common stock were delivered to the reporting person.

F2: Represents shares withheld by CenturyTel, Inc. to satisfy minimum statutory withholding requirements upon vesting of restricted stock units.

F3: These restricted stock units vest and underlying shares will be delivered to reporting person with 34% vesting on February 27, 2010, 33% vesting on February 27, 2011 and 33% vesting on February 27, 2012.