SEC Form 4 · accession 0001209191-19-015979
Lumen Technologies, Inc. · LUMN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Indraneel Dev
Officer — EVP and CFO
Period of report
Feb 28, 2019
Accepted (ET)
Mar 4, 2019 · 7:04 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 | 192,260 | $0.00 | A | 412,381 | D | |
| Common Stock | Mar 1, 2019 | F | 3,228 | $12.97 | D | 409,153 | D | |
| Common Stock | holding | — | — | — | 5,201 | I | by 401(k) |
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 on March 1, 2020. 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 March 1 of each of 2021 and 2022.
- F2Shares withheld to cover the taxes due upon the vesting of restricted stock units.