Lumen Technologies, Inc. — Director's Dealing 2015

Feb 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2015-02-20

Reporting Person: PUCKETT KAREN A (President, Global Markets)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-20	Common Stock	F	6122	$37.02	Disposed	252379.214	Direct
2015-02-20	Common Stock	D	25677	—	Disposed	226702.214	Direct
2015-02-23	Common Stock	A	58948	—	Acquired	285650.214	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1390.204	Indirect
Common Stock	2523.817	Indirect
Common Stock	26.788	Indirect

Footnotes

F1: Shares withheld to cover the taxes due upon the vesting of restricted stock.

F2: On February 20, 2015 these shares of unvested restricted stock were forfeited due to a failure to achieve the applicable performance vesting condition.

F3: Represents a grant of restricted stock (40% time-based and 60% performance-based). The time-based portion will vest in three equal annual installments beginning one year from the date of grant. The performance-based portion is divided among two separate three-year performance metrics, which will vest on February 23, 2018 to the extent that the applicable metric is achieved.

F4: Includes 9,923.214 shares held in the Issuer's ESPP for the benefit of the Reporting Person as of the date of this report.

F5: This is a legacy defined contribution plan sponsored by the Issuer.