X0202 4 2006-08-30 0000018926 CENTURYTEL INC CTL 0001202822 EWING R STEWART JR 100 CENTURYTEL DRIVE MONROE LA 71203 1 Ex. VP & CFO Common Stock 2006-08-30 4 M 0 5071 0 A 86776.48 D Common Stock 2006-08-30 4 S 0 5071 40 D 81705.48 D Common Stock 1176.51 I By 401(k) Common Stock 16888.82 I By ESOP Common Stock 3594.84 I By PAYSOP Common Stock 16738.48 I By Stock Bonus Plan Employee Stock Option (right to buy) 27.48 2006-08-30 4 M 0 5071 0 D 2004-02-24 2013-02-24 Common Stock 5071 75929 D Employee Stock Option (right to buy) 33.4 2005-02-17 2015-02-17 Common Stock 62500 62500 D Employee Stock Option (right to buy) 34.63 2001-02-21 2010-02-21 Common Stock 85000 85000 D Employee Stock Option (right to buy) 32.99 2003-02-25 2012-02-25 Common Stock 81000 81000 D Employee Stock Option (right to buy) 28.34 2004-02-25 2014-02-25 Common Stock 62500 62500 D Employee Stock Option (right to buy) 35.41 2007-03-15 2016-02-20 Common Stock 62500 62500 D Employee Stock Option (right to buy) 28.03 2002-05-21 2011-05-21 Common Stock 81000 81000 D Kay C. Buchart, Attorney-In-Fact 2006-08-31