QWEST COMMUNICATIONS INTERNATIONAL INC·4

Apr 4, 7:00 PM ET

Ancell Christopher K 4

4 · QWEST COMMUNICATIONS INTERNATIONAL INC · Filed Apr 4, 2011

Insider Transaction Report

Form 4
Period: 2011-04-01
Ancell Christopher K
Exec VP-Business Markets Group
Transactions
  • Disposition to Issuer

    Employee stock option (right to buy)

    2011-04-0133,7500 total
    Exercise: $6.15Exp: 2016-02-16Common Stock (33,750 underlying)
  • Disposition to Issuer

    Employee stock option (right to buy)

    2011-04-0146,0000 total
    Exercise: $8.52Exp: 2017-03-05Common Stock (46,000 underlying)
  • Disposition to Issuer

    Common Stock

    2011-04-011,135,3740 total
  • Disposition to Issuer

    Employee stock option (right to buy)

    2011-04-0166,0000 total
    Exercise: $5.32Exp: 2018-03-05Common Stock (66,000 underlying)
Footnotes (5)
  • [F1]Disposed of pursuant to merger agreement between the issuer, CenturyTel, Inc. (n/k/a CenturyLink, Inc.) ("CenturyLink") and SB44 Acquisition Company in exchange for 188,925 shares of CenturyLink common stock having a market value of $41.55 at the time of the merger.
  • [F2]Due to a calculation error, the amount of securities beneficially owned following the transaction reported by the reporting person on the Form 4 filed on March 8, 2011 was erroneously stated as 715,373 rather than the correct amount of 1,135,374.
  • [F3]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 5,616 shares of CenturyLink common stock at an exercise price of $36.96 per share.
  • [F4]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 7,654 shares of CenturyLink common stock at an exercise price of $51.21 per share.
  • [F5]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 10,982 shares of CenturyLink common stock at an exercise price of $31.98 per share.

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