-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RvNXdg4pWXJMGsk/ox+j8XHeNmLPfABiq4Pt2KoNx71cluS6nsfw+Mc8hKvZiFNX zH9eWuUluOZCiyruISNRvQ== 0001225208-07-001893.txt : 20070220 0001225208-07-001893.hdr.sgml : 20070219 20070220171719 ACCESSION NUMBER: 0001225208-07-001893 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070215 FILED AS OF DATE: 20070220 DATE AS OF CHANGE: 20070220 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURYTEL 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 BUSINESS ADDRESS: STREET 1: P O BOX 4065 STREET 2: 100 CENTURYTEL DR CITY: MONROE STATE: LA ZIP: 71203 BUSINESS PHONE: 3183889000 MAIL ADDRESS: STREET 1: 100 CENTURYTEL DR STREET 2: P O BOX 4065 CITY: MONROE STATE: LA ZIP: 71203 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CZESCHIN CALVIN CENTRAL INDEX KEY: 0001202821 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07784 FILM NUMBER: 07636407 MAIL ADDRESS: STREET 1: 207 EAST 4TH ST CITY: MOUNTAIN HOME STATE: AR ZIP: 72654 4 1 doc4.xml X0202 4 2007-02-15 0000018926 CENTURYTEL INC CTL 0001202821 CZESCHIN CALVIN 207 EAST 4TH STREET MOUNTAIN HOME AR 72653 1 Common Stock 2007-02-15 4 J 0 265088 0 D 50831 D Common Stock 11997 I By Spouse Contract (right to sell) 0 2007-02-15 4 J 0 308924 0 D 2007-02-15 2007-02-15 Common Stock 308924 0 D On December 8, 2005 the Reporting Person entered into a restructured variable share prepaid forward contract with an unaffiliated third party relating to 308,924 shares of CenturyTel, Inc. common stock (the "Common Stock"). Under the restructured contract, the Reporting Person agreed to deliver a number of shares of Common Stock on the third business day after Feb. 15, 2007 (the "Maturity Date") (or an earlier date if the contract was terminated early) pursuant to the following formula: (i) if the closing price of a share of the Common Stock on the Maturity Date (the "Settlement Price") is less than or equal to $32.6192 (the "Downside Protection Threshold Price"), 308,924 shares; (ii) if the Settlement Price is less than $39.1435 (the "Threshold Appreciation Price"), but greater than the Downside Protection Threshold Price, then a number of shares equal to 308,924 shares times the Downside Protection Threshold Price divided by the S ettlement Price; or (iii) if the Settlement Price is greater than or equal to the Threshold Appreciation Price, then a number of shares equal to 308,924 shares multiplied by a fraction which is equal to 1 minus a fraction, the numerator of which is the difference between the Threshold Appreciation Price and the Downside Protection Threshold Price and the denominator of which is the Settlement Price. Alternatively, the Reporting Person had the option to settle the contract for cash, with the cash settlement amount being equal to the number of shares to be delivered multiplied by the Settlement Price. The closing price on the Maturity Date was $45.99. In accordance with the stock settlement terms of the restructured contract, the Reporting Person delivered to the third party 265,088 of the 308,924 shares of Common stock subject to the restructured contract and retained 43,836 of the shares subject to the restructured contract. Kay C. Buchart, Attorney-In-Fact 2007-02-20 -----END PRIVACY-ENHANCED MESSAGE-----