SEC Form 4 · accession 0001209191-18-013096
Lumen Technologies, Inc. · LUMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacey W Goff
Officer — EVP, CAO & GC
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 5:23 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 21, 2018 | F | 2,042 | $17.90 | D | 381,692 | D | |
| Common Stock | Feb 21, 2018 | A | 115,664 | $0.00 | A | 497,356 | D | |
| Common Stock | Feb 21, 2018 | D | 12,080 | $0.00 | D | 485,276 | D | |
| Common Stock | holding | — | — | — | 2,599 | I | by 401(k) | |
| Common StockF4 | holding | — | — | — | 3,588 | I | by ESOP | |
| Common StockF4 | holding | — | — | — | 792 | I | by Stock Bonus Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares withheld to cover the taxes due upon the vesting of time-based restricted stock.
- F2Represents 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.
- F3These shares of unvested restricted stock were forfeited due to a failure to achieve a specific level of performance required for vesting.
- F4This is a legacy defined contribution plan sponsored by the Issuer.