Lumen Technologies, Inc. — Director's Dealing 2016

Feb 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2016-02-23

Reporting Person: Moreau Maxine L (EVP, Global Ops & Shared Svcs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-23	Common Stock	A	34498	$0.00	Acquired	77973	Direct
2016-02-23	Common Stock	D	2914	$0.00	Disposed	75059	Direct
2016-02-23	Common Stock	F	870	$29.25	Disposed	74189	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1277	Indirect
Common Stock	900	Indirect
Common Stock	2	Indirect

Footnotes

F1: 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, 2019 to the extent that the applicable metric is achieved.

F2: These shares of unvested restricted stock were forfeited due to a failure to achieve a specific level of performance required for vesting.

F3: Shares withheld to cover the taxes due upon the vesting of restricted stock.

F4: Includes 4,137 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.