MARTIN PATRICK J 4

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

Form 4Exit

Period: 2011-03-31

Director

Transactions

Tax Payment
Common Stock
2011-04-01$6.83/sh−3,250$22,198→ 63,000 total
Exercise/Conversion
Common Stock
[F1]
2011-04-01+111,861.24→ 174,861.24 total
Disposition to Issuer
Common Stock
[F1]
2011-04-01$6.83/sh−111,861.24$764,012→ 63,000 total
Disposition to Issuer
Common Stock
[F2]
2011-04-01−63,000→ 0 total
Award
Phantom Stock
[F3][F4][F5]
2011-03-31+3,991.29→ 111,861.24 total
→ Common Stock (3,991.29 underlying)
Exercise/Conversion
Phantom Stock
[F1][F4][F5]
2011-04-01−111,861.24→ 0 total
→ Common Stock (111,861.24 underlying)
Disposition to Issuer
Stock option (right to buy)
[F6]
2011-04-01−48,000→ 0 total
Exercise: $4.15Exp: 2015-10-19→ Common Stock (48,000 underlying)
Disposition to Issuer
Stock option (right to buy)
[F7]
2011-04-01−40,000→ 0 total
Exercise: $5.60Exp: 2016-01-03→ Common Stock (40,000 underlying)
Disposition to Issuer
Stock option (right to buy)
[F8]
2011-04-01−10,000→ 0 total
Exercise: $8.37Exp: 2017-01-02→ Common Stock (10,000 underlying)

Footnotes (8)

[F1]Each unit represented a cash value equivalent to one share of common stock. The units were settled for cash.
[F2]Disposed of pursuant to merger agreement between the issuer, CenturyTel, Inc. (n/k/a CenturyLink, Inc.) ("CenturyLink") and SB44 Acquisition Company in exchange for 10,483 shares of CenturyLink common stock having a market value of $41.55 at the time of the merger.
[F3]Each unit represents a cash value equivalent to one share of common stock.
[F4]Immediately exercisable.
[F5]Not applicable.
[F6]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 7,987 shares of CenturyLink common stock at an exercise price of $24.94 per share.
[F7]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 6,656 shares of CenturyLink common stock at an exercise price of $33.66 per share.
[F8]The option, which was fully vested, was assumed by CenturyLink in the merger and replaced with an option to purchase 1,664 shares of CenturyLink common stock at an exercise price of $50.31 per share.

Signature

/s/ Jennifer A. D'Alessandro, as attorney-in-fact|2011-04-04

Documents

1 file