SEC Form 4 · accession 0001209191-18-033603
Lumen Technologies, Inc. · LUMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey K Storey
Officer — President & CEO · Director
Period of report
May 24, 2018
Accepted (ET)
May 25, 2018 · 5:21 pm EDT
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 | May 24, 2018 | A | 267,103 | $0.00 | A | 2,581,931 | D | |
| Common Stock | May 24, 2018 | A | 392,176 | $0.00 | A | 2,974,107 | D | |
| Common Stock | holding | — | — | — | 5,093 | I | by 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the time-based portion of the 2018 annual long-term incentive grant of restricted stock units, which will vest in three equal annual installments beginning one year from the date of grant.
- F2Represents a special promotion 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 applicable performance metrics are met, with any earned shares (or any cash in lieu of shares if required under the terms of the agreement) vesting on the third anniversary of the date of grant.