Lumen Technologies, Inc. — Director's Dealing 2018

Feb 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2018-02-21

Reporting Person: POST GLEN F III (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-21	Common Stock	F	13285	$17.90	Disposed	1544854	Direct
2018-02-21	Common Stock	A	491574	$0.00	Acquired	2036428	Direct
2018-02-21	Common Stock	D	81486	$0.00	Disposed	1954942	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16915	Indirect
Common Stock	43973	Indirect
Common Stock	12514	Indirect
Common Stock	107615	Indirect

Footnotes

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

F2: 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. Vesting of the performance-based portion is dependent upon the extent to which the two-year performance metric is achieved, with any earned shares vesting in two equal installments on February 21 of each of 2020 and 2021.

F3: These shares of unvested restricted stock were forfeited due to a failure to achieve a specific level of performance required for vesting.

F4: Includes 1,402 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.