SEC Form 4 · accession 0001209191-18-013100
Lumen Technologies, Inc. · LUMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen F Post III
Officer — Chief Executive Officer · Director
Period of report
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 5:25 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 | 13,285 | $17.90 | D | 1,544,854 | D | |
| Common Stock | Feb 21, 2018 | A | 491,574 | $0.00 | A | 2,036,428 | D | |
| Common StockF4 | Feb 21, 2018 | D | 81,486 | $0.00 | D | 1,954,942 | D | |
| Common Stock | holding | — | — | — | 16,915 | I | by 401(k) | |
| Common StockF5 | holding | — | — | — | 43,973 | I | by ESOP | |
| Common StockF5 | holding | — | — | — | 12,514 | I | by PAYSOP | |
| Common StockF5 | holding | — | — | — | 107,615 | 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.
- F4Includes 1,402 shares held in the Issuer's ESPP for the benefit of the Reporting Person as of the date of this report.
- F5This is a legacy defined contribution plan sponsored by the Issuer.