Lumen Technologies, Inc. — Director's Dealing 2012

Nov 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2012-11-12

Reporting Person: ZIMMEL JOSEPH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-12	Common Stock	M	1667	$29.38	Acquired	25182.1899	Direct
2012-11-12	Common Stock	M	6000	$32.18	Acquired	31182.1899	Direct
2012-11-12	Common Stock	M	6000	$29.70	Acquired	37182.1899	Direct
2012-11-12	Common Stock	S	10938	$39.0548	Disposed	26244.1899	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-12	Director Stock Option (right to buy)	$29.38	M	1667	Disposed	2013-01-01	Common Stock (1667)	Direct
2012-11-12	Director Stock Option (right to buy)	$32.18	M	6000	Disposed	2013-05-09	Common Stock (6000)	Direct
2012-11-12	Director Stock Option (right to buy)	$29.70	M	6000	Disposed	2014-05-07	Common Stock (6000)	Direct

Footnotes

F1: Includes DRIP purchases through May 29, 2012.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.05 to $39.07, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.