Repurchase of CenturyLink Common Stock

6 Months Ended

Jun. 30, 2013

Repurchase of CenturyLink Common Stock

Repurchase of CenturyLink Common Stock

(12) Repurchase of CenturyLink Common Stock

        In February 2013, the board of directors authorized us to repurchase up to $2 billion of our outstanding common stock. During the six months ended June 30, 2013, we repurchased 24 million shares of our outstanding common stock in the open market. These shares were repurchased for an aggregate market price of $851 million, or an average purchase price of $35.53 per share. The repurchased common stock has been retired. As of June 30, 2013, we had approximately $1.15 billion in stock remaining available for repurchase under the Stock Repurchase Program. The figures set forth above exclude 0.5 million shares that, as of June 30, 2013, we had agreed to purchase under the program for $18 million, or an average purchase price of $35.27 per share, in transactions that settled early in the third quarter of 2013.