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Lumen Technologies, Inc. Director's Dealing 2012

Jan 23, 2012

30915_dirs_2012-01-23_ffffb386-bc9f-4218-a639-d710228a3bf6.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2012-01-20

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-20 Common Stock M 868 $24.34 Acquired 66425 Direct
2012-01-20 Common Stock M 15963 $30.62 Acquired 82388 Direct
2012-01-20 Common Stock S 16831 $38.00 Disposed 65557 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-20 NQ Stock Option $24.34 M 868 Disposed 2014-02-10 Common Stock (868) Direct
2012-01-20 NQ Stock Option $30.62 M 15963 Disposed 2018-03-02 Common Stock (15963) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 763.8736 Indirect

Footnotes

F1: This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

F2: The option is fully vested.

F3: Received pursuant to the merger agreement between Embarq Corp. and CenturyTel, Inc. (n/k/a CenturyLink, Inc.) on July 1, 2009 in exchange for an option to acquire 634 shares of Embarq common stock for $33.34 per share.

F4: Received pursuant to the merger agreement between Embarq Corp. and CenturyTel, Inc. (n/k/a CenturyLink, Inc.) on July 1, 2009 in exchange for an option to acquire 11,652 shares of Embarq common stock for $41.94 per share.