SEC Form 4 · accession 0001209191-19-015975
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
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 7:01 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 28, 2019 | A | 358,884 | $0.00 | A | 3,114,430 | D | |
| Common Stock | Feb 28, 2019 | A | 325,554 | $0.00 | A | 3,439,984 | D | |
| Common Stock | Mar 1, 2019 | F | 46,625 | $12.97 | D | 3,393,359 | D | |
| Common Stock | holding | — | — | — | 5,537 | I | by 401(k) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person received a grant of restricted stock units (40% time-based and 60% performance-based). The reported transaction represents the time-based portion of this grant, which will vest in three equal annual installments beginning on March 1, 2020. In accordance with Section 16 rules, the performance-based portion will be reported when and to the extent the underlying shares are earned.
- F2Represents additional shares earned under the terms of a grant of performance-based restricted stock.
- F3Shares withheld to cover the taxes due upon the vesting of restricted stock units.