Lumen Technologies, Inc. — Director's Dealing 2020

Feb 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CENTURYLINK, INC (CTL)
CIK: 0000018926
Period of Report: 2020-02-26

Reporting Person: GOFF STACEY W (EVP & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-26	Common Stock	A	142370	$0.00	Acquired	674212	Direct
2020-02-26	Common Stock	A	34976	$0.00	Acquired	709188	Direct
2020-02-26	Common Stock	F	35544	$12.75	Disposed	673644	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3152	Indirect
Common Stock	4352	Indirect
Common Stock	961	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 on March 1, 2021. Vesting of the performance-based portion is dependent upon the extent to which two three-year performance metrics are achieved, with any earned shares vesting on March 1, 2023.

F2: Represents the aggregate number of additional shares earned under the terms of two grants of performance-based restricted stock for which the performance period ended on 12/31/2019, as certified by the Human Resources and Compensation Committee.

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

F4: This is a legacy defined contribution plan sponsored by the Issuer.