SEC Form 4 · accession 0001209191-16-102390
Lumen Technologies, Inc. · LUMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Girish Varma
Officer — President, Global IT Services
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 5:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000018926
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 23, 2016 | A | 26,065 | $0.00 | A | 81,058 | D | |
| Common Stock | Feb 23, 2016 | D | 4,878 | $0.00 | D | 76,180 | D | |
| Common Stock | Feb 23, 2016 | F | 735 | $29.25 | D | 75,445 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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. The performance-based portion is divided among two separate three-year performance metrics, which will vest on February 23, 2019 to the extent that the applicable metric is achieved.
- F2These shares of unvested restricted stock were forfeited due to a failure to achieve a specific level of performance required for vesting.
- F3Shares withheld to cover the taxes due upon the vesting of restricted stock.