Lumen Technologies, Inc. — Director's Dealing 2018

May 25, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2018-05-24

Reporting Person: STOREY JEFFREY K (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-24	Common Stock	A	267103	$0.00	Acquired	2581931	Direct
2018-05-24	Common Stock	A	392176	$0.00	Acquired	2974107	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5093	Indirect

Footnotes

F1: Represents the time-based portion of the 2018 annual long-term incentive grant of restricted stock units, which will vest in three equal annual installments beginning one year from the date of grant.

F2: Represents a special promotion 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. Vesting of the performance-based portion is dependent upon the extent to which the applicable performance metrics are met, with any earned shares (or any cash in lieu of shares if required under the terms of the agreement) vesting on the third anniversary of the date of grant.