0000807985-20-000027.txt : 20201207
0000807985-20-000027.hdr.sgml : 20201207
20201207090153
ACCESSION NUMBER: 0000807985-20-000027
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20201207
DATE AS OF CHANGE: 20201207
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: CENTURYLINK, INC
CENTRAL INDEX KEY: 0000018926
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 720651161
STATE OF INCORPORATION: LA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-30739
FILM NUMBER: 201371480
BUSINESS ADDRESS:
STREET 1: P O BOX 4065
STREET 2: 100 CENTURYLINK DR
CITY: MONROE
STATE: LA
ZIP: 71203
BUSINESS PHONE: 3183889000
MAIL ADDRESS:
STREET 1: 100 CENTURYLINK DR
STREET 2: P O BOX 4065
CITY: MONROE
STATE: LA
ZIP: 71203
FORMER COMPANY:
FORMER CONFORMED NAME: CENTURYTEL INC
DATE OF NAME CHANGE: 19990602
FORMER COMPANY:
FORMER CONFORMED NAME: CENTURY TELEPHONE ENTERPRISES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: CENTRAL TELEPHONE & ELECTRONICS CORP
DATE OF NAME CHANGE: 19720512
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC/TN/
CENTRAL INDEX KEY: 0000807985
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 620951781
STATE OF INCORPORATION: TN
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 6410 POPLAR AVENUE STE 900
CITY: MEMPHIS
STATE: TN
ZIP: 38119
BUSINESS PHONE: 9017612474
MAIL ADDRESS:
STREET 1: 6410 POPLAR AVENUE
STREET 2: SUITE 900
CITY: MEMPHIS
STATE: TN
ZIP: 38119
FORMER COMPANY:
FORMER CONFORMED NAME: PROFESSIONAL PORTFOLIO MANAGEMENT INC
DATE OF NAME CHANGE: 19890314
FORMER COMPANY:
FORMER CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC
DATE OF NAME CHANGE: 19880622
SC 13D/A
1
ctl13d1.txt
LUMEN TECHNOLOGIES - 13G AMENDMENT
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 1
CenturyLink, Inc.
d/b/a Lumen Technologies
________________________________________________________
(Name of Issuer)
Common Stock
_______________________________________________________
(Title of Class and Securities)
156700106
_______________________________________________________
(CUSIP Number of Class of Securities)
O. Mason Hawkins
Chairman of the Board
and
Andrew R. McCarroll
General Counsel
Southeastern Asset Management, Inc.
6410 Poplar Avenue, Suite 900
Memphis, TN 38119
(901) 761-2474
___________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 3, 2020
___________________________________________
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check
the following box: [X]
CUSIP No. 156700106 13D
_____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
Southeastern Asset Management, Inc. I.D. No. 62-0951781
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b) X
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS
00: Funds of investment advisory clients
_____________________________________________________________________________
(5) CHECK BOX IF DISCOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Tennessee
_____________________________________________________________________________
:(7) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : 12,705,377 shares
OWNED BY EACH REPORTING PERSON __________________________________________
WITH :(8) SHARED OR NO VOTING POWER
: 42,906,307 shares (Shared)
: 9,636,663 shares (No Vote)
__________________________________________
:(9) SOLE DISPOSITIVE POWER
(Discretionary Accounts)
: 27,961,696 shares
__________________________________________
:(10) SHARED DISPOSITIVE POWER
: 37,286,651 shares (Shared)
: 0 shares (None)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
65,248,347 shares
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
6.0 %
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
IA
_____________________________________________________________________________
CUSIP No. 156700106 13D
_____________________________________________________________________________
(1) NAMES OF REPORTING PERSONS
O. Mason Hawkins I.D. No. XXX-XX-XXXX
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a)
(b) X
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS
00: None
_____________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of United States
_____________________________________________________________________________
:(7) SOLE VOTING POWER
: (Discretionary Accounts)
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING PERSON __________________________________________
WITH :(8) SHARED VOTING POWER
: None
__________________________________________
:(9) SOLE DISPOSITIVE POWER
: None
__________________________________________
:(10) SHARED DISPOSITIVE POWER
: None
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (See Item 3)
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.0 %
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON
IN
_____________________________________________________________________________
Item 4. Purpose of Transaction
Item 5. Interest In Securities Of The Issuer
(a) The aggregate number and percentage of Securities to which this
Schedule 13D relates is 65,248,347 shares of the common stock of the Issuer,
constituting approximately 6.0% of the 1,097,131,230 shares outstanding.
Common % of outstanding
Shares Common Shares
Held
___________________________________________________________________
Voting Authority
Sole: 12,705,377 1.2%
Shared: 42,906,307* 3.9%
None: 9,636,663 0.9%
Total 65,248,347 6.0%
*Consists of shares owned by Longleaf Partners Fund, Longleaf Partners
Small-Cap Fund, and Longleaf Partners Global Fund, series of Longleaf
Partners Funds Trust, an open-end management investment company registered
under the Investment Company Act of 1940, and other advisory clients.
Dispositive Authority
Sole: 27,961,696 2.6%
Shared: 37,286,651* 3.4%
None: 0 0.0%
Total 65,248,347 6.0%
*Consists of shares owned by Longleaf Partners Fund, Longleaf Partners
Small-Cap Fund, and Longleaf Partners Global Fund a series of Longleaf
Partners Funds Trust, an open-end management investment company registered
under the Investment Company Act of 1940, and other advisory clients.
(b) Southeastern generally has the sole power to dispose of or to
direct the disposition of the Securities held for discretionary accounts of its
investment clients, and may be granted the sole power to vote or direct the
vote of such Securities; such powers may be retained by or shared with the
respective clients for shared or non-discretionary accounts. Shares held by
any Series of Longleaf Partners Funds Trust are reported in the "shared"
category.
(c) Purchase or sale transactions in the Securities during the past
sixty days are disclosed on Schedule II.
(d) The investment advisory clients of Southeastern have the sole
right to receive and, subject to notice, to withdraw the proceeds from the sale
of the Securities, and the sole power to direct the receipt of dividends from
any of the Securities held for their respective accounts. Such clients may
also terminate the investment advisory agreements without penalty upon
appropriate notice. Southeastern does not have an economic interest in any of
the Securities reported herein.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
On December 3, 2020, Southeastern entered a Non-Disclosure Agreement
with the Issuer for the limited purpose of facilitating discussions regarding
the matters referenced in Southeastern's original 13D.
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: December 7, 2020
Southeastern Asset Management, Inc.
By /s/ Andrew R. McCarroll
_______________________________________________
Andrew R. McCarroll
General Counsel
O. Mason Hawkins, Individually
/s/ O. Mason Hawkins
_______________________________________________
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act
of 1934, the persons or entities named below agree to the joint
filing on behalf of each of them of this Initial Schedule 13D with respect to
the Securities of the Issuer and further agree that this joint filing
agreement be included as an exhibit to this Initial Schedule 13D. In evidence
thereof, the undersigned hereby execute this Agreement as of
December 7, 2020.
Southeastern Asset Management, Inc.
By /s/ Andrew R. McCarroll
_______________________________________________
Andrew R. McCarroll
General Counsel
O. Mason Hawkins, Individually
/s/ O. Mason Hawkins
_______________________________________________
SCHEDULE II
Transactions in the Last Sixty Days
Transaction Type Date # of Shares Price per Share*
Purchase 10/16/20 16,500 $9.86
Purchase 10/16/20 6,000 $9.86
Purchase 10/16/20 10,500 $9.86
Purchase 10/16/20 18,000 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 19,500 $9.86
Purchase 10/16/20 7,500 $9.86
Purchase 10/16/20 4,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 9,000 $9.86
Purchase 10/16/20 127,822 $9.86
Purchase 10/16/20 10,500 $9.86
Purchase 10/16/20 10,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 4,500 $9.86
Purchase 10/16/20 3,000 $9.86
Purchase 10/16/20 19,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 7,500 $9.86
Purchase 10/16/20 3,000 $9.86
Purchase 10/16/20 3,000 $9.86
Purchase 10/16/20 57,000 $9.86
Purchase 10/16/20 3,000 $9.86
Purchase 10/16/20 4,500 $9.86
Purchase 10/16/20 4,500 $9.86
Purchase 10/16/20 1,500 $9.86
Purchase 10/16/20 12,000 $9.86
Purchase 10/16/20 9,000 $9.86
Purchase 10/16/20 3,000 $9.86
Purchase 10/19/20 13,942 $9.92
Purchase 10/19/20 39,360 $9.78
Purchase 10/19/20 5,041 $9.93
Purchase 10/19/20 14,232 $9.78
Purchase 10/19/20 8,686 $9.92
Purchase 10/19/20 24,521 $9.78
Purchase 10/19/20 16,649 $9.93
Purchase 10/19/20 47,002 $9.78
Purchase 10/19/20 732 $9.92
Purchase 10/19/20 2,068 $9.78
Purchase 10/19/20 18,769 $9.93
Purchase 10/19/20 52,986 $9.78
Purchase 10/19/20 6,974 $9.92
Purchase 10/19/20 19,687 $9.78
Purchase 10/19/20 4,745 $9.93
Purchase 10/19/20 13,396 $9.78
Purchase 10/19/20 1,937 $9.93
Purchase 10/19/20 5,469 $9.78
Purchase 10/19/20 7,533 $9.93
Purchase 10/19/20 21,266 $9.78
Purchase 10/19/20 114,497 $9.93
Purchase 10/19/20 323,241 $9.78
Purchase 10/19/20 9,936 $9.92
Purchase 10/19/20 28,049 $9.78
Purchase 10/19/20 9,704 $9.92
Purchase 10/19/20 27,396 $9.78
Purchase 10/19/20 2,027 $9.93
Purchase 10/19/20 5,721 $9.78
Purchase 10/19/20 3,732 $9.92
Purchase 10/19/20 10,535 $9.78
Purchase 10/19/20 1,381 $9.93
Purchase 10/19/20 3,897 $9.78
Purchase 10/19/20 313 $9.93
Purchase 10/19/20 885 $9.78
Purchase 10/19/20 18,436 $9.92
Purchase 10/19/20 52,048 $9.78
Purchase 10/19/20 451 $9.93
Purchase 10/19/20 1,273 $9.78
Purchase 10/19/20 705 $9.93
Purchase 10/19/20 1,991 $9.78
Purchase 10/19/20 496 $9.92
Purchase 10/19/20 1,400 $9.78
Purchase 10/19/20 1,092 $9.92
Purchase 10/19/20 3,081 $9.78
Purchase 10/19/20 1,567 $9.93
Purchase 10/19/20 4,425 $9.78
Purchase 10/19/20 68,347 $9.93
Purchase 10/19/20 192,951 $9.78
Purchase 10/19/20 2,318 $9.92
Purchase 10/19/20 6,545 $9.78
Purchase 10/19/20 671 $9.93
Purchase 10/19/20 1,895 $9.78
Purchase 10/19/20 1,838 $9.92
Purchase 10/19/20 5,188 $9.78
Purchase 10/19/20 600 $9.92
Purchase 10/19/20 1,692 $9.78
Purchase 10/19/20 51,959 $9.93
Purchase 10/19/20 146,689 $9.78
Purchase 10/19/20 2,717 $9.93
Purchase 10/19/20 7,671 $9.78
Purchase 10/19/20 3,273 $9.93
Purchase 10/19/20 9,242 $9.78
Purchase 10/19/20 3,205 $9.93
Purchase 10/19/20 9,050 $9.78
Purchase 10/19/20 562 $9.92
Purchase 10/19/20 1,587 $9.78
Purchase 10/19/20 11,805 $9.93
Purchase 10/19/20 33,329 $9.78
Purchase 10/19/20 8,552 $9.92
Purchase 10/19/20 24,142 $9.78
Purchase 10/19/20 1,963 $9.93
Purchase 10/19/20 5,540 $9.78
Purchase 10/19/20 12,045 $9.93
Purchase 10/19/20 34,005 $9.78
Purchase 10/28/20 134,742 $8.75
Sale 10/30/20 45,783 $8.58
Purchase 12/01/20 110,886 $10.55
Purchase 12/01/20 40,528 $10.55
Sales and Purchases by Southeastern clients in the ordinary course of
business on the New York Stock Exchange or through Electronic
Communication Networks (ECNs).
* Net of commissions
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SCHEDULE 13D - Lumen Technologies ("Issuer")
1