X0202 4 2007-01-03 1 0001060490 BROADWING CORP BWNG 0001135021 HUBER DAVID R 1122 CAPITAL OF TEXAS HIGHWAY SOUTH AUSTIN TX 78746 1 0 0 0 Common Stock 2007-01-03 4 D 0 5053937 D 0 D Common Stock 2007-01-03 4 D 0 2491673 D 0 I By HRLD Limited Partnership Common Stock 2007-01-03 4 D 0 295210 D 0 I By Dr. David R. Huber Grantor Retained Annuity Trust Common Stock 2007-01-03 4 D 0 142000 D 0 I By Columbia Trust Common Stock 2007-01-03 4 D 0 41276 D 0 I By The Grande Foundation Common Stock 2007-01-03 4 D 0 296 D 0 I By HRLD Corporation Stock Option 13.80 2007-01-03 4 J 0 170000 0.00 D 2006-01-31 2014-05-25 Common Stock 170000 0 D Pursuant to the Agreement and Plan of Merger, dated as of October 16, 2006, as amended by an Amendment, dated as of November 21, 2006 by and among the issuer and Level 3 Communications, Inc. and affiliates, each share of the issuer's common stock was exchanged for $8.18 in cash and 1.3411 shares of common stock of Level 3. Each share of Level 3 common stock had a market value of $5.65 on the effective date of the merger. Pursuant to the Agreement and Plan of Merger, dated as of October 16, 2006, as amended by an Amendment, dated as of November 21, 2006 by and among the issuer and Level 3 Communications, Inc. and affiliates, the option, vested or unvested, was cancelled in exchange for the aggregate difference between the exercise price and the deemed value of the per share merger consideration of $16.0175 paid out approximately 51% in cash and 49% in shares of Level 3 common stock. Each share of Level 3 common stock had a market value of $5.65 on the effective date of the merger. /s/ David R. Huber 2007-01-05