X0304 4 2011-11-01 0000794323 LEVEL 3 COMMUNICATIONS INC LVLT 0001026948 MILLER CHARLES C III 1025 ELDORADO BLVD. BROOMFIELD CO 80021 1 1 Vice Chairman and Executive VP Common Stock 2011-11-01 4 A 0 787.0000 0.0000 A 160530.0000 D Common Stock 2011-11-02 4 S 0 360.0000 24.9020 D 160170.0000 D Common Stock 4342.0000 I By 401(k) Represents shares of common stock sold by the Reporting Person to generate cash proceeds to pay withholding taxes relating to the receipt of shares on settlement of previously granted outperform stock appreciation units. /s/ Neil J. Eckstein as Attorney in Fact 2011-11-03