Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
OUSLEY JAMES E
   2. Issuer Name and Ticker or Trading Symbol
CENTURYLINK, INC [CTL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Exec Officer-Savvis Ops
(Last)
(First)
(Middle)
CENTURYLINK, INC., 100 CENTURYLINK DRIVE		 3. Date of Earliest Transaction (Month/Day/Year)
07/15/2011
(Street)

MONROE, LA 71203		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/15/2011   A   63,194 A (1) 63,194 D  
Common Stock 07/15/2011   A   189,226 A (2) 252,420 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee stock option (right to buy) $ 9.2 07/15/2011   A   4,105     (3) 04/30/2012 Common Stock 4,105 (4) 4,105 D  
Employee stock option (right to buy) $ 30.41 07/15/2011   A   5,131     (3) 05/04/2014 Common Stock 5,131 (5) 5,131 D  
Employee stock option (right to buy) $ 28.39 07/15/2011   A   5,131     (3) 05/30/2016 Common Stock 5,131 (6) 5,131 D  
Employee stock option (right to buy) $ 10.22 07/15/2011   A   15,314     (3) 05/19/2019 Common Stock 15,314 (7) 15,314 D  
Employee stock option (right to buy) $ 16.18 07/15/2011   A   513,156     (3) 03/09/2020 Common Stock 513,156 (8) 513,156 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OUSLEY JAMES E
CENTURYLINK, INC.
100 CENTURYLINK DRIVE
MONROE, LA 71203		       Chief Exec Officer-Savvis Ops  

Signatures

 /s/ Jennifer A. D'Alessandro, as attorney-in-fact   07/19/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Received in exchange for 254,921 shares of common stock of SAVVIS, Inc., a Delaware corporation ("Savvis"), pursuant to the agreement and plan of merger (the "Merger Agreement") among Savvis, CenturyLink, Inc., a Louisiana corporation ("CenturyLink") and Mimi Acquisition Company, a Delaware corporation and wholly owned subsidiary of CenturyLink ("Merger Sub"), pursuant to which Merger Sub merged with and into Savvis (the "Merger") on July 15, 2011. Under the Merger Agreement, Savvis stockholders received $30.00 in cash and 0.2479 shares of CenturyLink common stock per share of Savvis common stock.
(2) Represents restricted stock units received pursuant to the Merger Agreement in exchange for 184,375 Savvis restricted stock units. Pursuant to the terms of the Merger Agreement, each of these Savvis restricted stock units converted into 1.026312 CenturyLink restricted stock units.
(3) The option is fully vested.
(4) Received in the Merger in exchange for a stock option to acquire 4,000 shares of Savvis common stock for $9.435 per share.
(5) Received in the Merger in exchange for a stock option to acquire 5,000 shares of Savvis common stock for $31.20 per share.
(6) Received in the Merger in exchange for a stock option to acquire 5,000 shares of Savvis common stock for $29.13 per share.
(7) Received in the Merger in exchange for a stock option to acquire 14,922 shares of Savvis common stock for $10.48 per share.
(8) Received in the Merger in exchange for a stock option to acquire 500,000 shares of Savvis common stock for $16.60 per share.

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