CenturyLink 2015 Annual Report Download - page 45

(4) None of the persons named in the table beneficially owns more than 1% of the outstanding Common Shares.
The shares beneficially owned by all directors and executive officers as a group constituted 0.5% of the
outstanding Common Shares as of the record date (calculated in accordance with rules of the SEC assuming
that all options listed in the table have been exercised for Common Shares retained by the recipient).
(5) Includes 3,810 shares beneficially held by Mr. Hanks’ mother, as to which Mr. Hanks has voting and
dispositive powers under a durable power of attorney granted to him by his mother.
(6) Includes 709 shares beneficially held by Mr. Perry’s spouse, as to which Mr. Perry disclaims beneficial
ownership, and 22,927 shares held by Mr. Perry through our dividend reinvestment plan (as of the most
recent date practicable).
(7) Messrs. Gephardt and Melville are scheduled to retire from the Board on May 18, 2016.
(8) All 15,667 of the unrestricted shares beneficially owned by Mr. Gephardt are held in a trust, of which
(i) Mr. Gephardt and his wife are co-trustees and (ii) Mr. Gephardt is the sole beneficiary.
(9) As described further in the notes above, includes (i) 3,810 shares held beneficially through a power of
attorney, (ii) 709 shares held beneficially by the spouses of these individuals, as to which beneficial
ownership is disclaimed, (iii) 22,927 shares held through our dividend reinvestment plan (as of the most
recent date practicable), excluding 2,399 shares held through such plan by two of our executive officers who
no longer participate in such plan, and (iv) 15,667 shares held beneficially through a trust. As of the record
date, neither Mr. McCray nor Mr. Melville met their ownership target under our stock ownership guidelines
discussed under the heading “Compensation Discussion and Analysis — Our Policies, Processes and
Guidelines Related to Executive Compensation — Stock Ownership Guidelines.”
(10) Includes 202 shares held by Ms. Puckett as custodian for the benefit of her children.
COMPENSATION DISCUSSION AND ANALYSIS
Our named executive officers for 2015 were:
Current Executives:
• Glen F. Post, III Chief Executive Officer and President
• R. Stewart Ewing, Jr. Executive Vice President, Chief Financial Officer and Assistant Secretary
• Aamir Hussain Executive Vice President, Chief Technology Officer
• Stacey W. Goff Executive Vice President, Chief Administrative Officer, General Counsel
and Secretary
• David D. Cole Executive Vice President, Controller and Operations Support
Former Executive:
• Karen A. Puckett Former President, Global Markets
This Compensation Discussion and Analysis is organized into four subsections:
Subsection Page
I. Executive Summary ........................................................ 34
II. Our Compensation Philosophy and Linkage to Pay for Performance .................. 36
III. Our Compensation Program Objectives and Components of Pay .................... 41
IV. Our Policies, Processes and Guidelines Related to Executive Compensation ........... 51
I. Executive Summary
As described further below, the central goals of our executive pay programs are to incentivize our
executives to attain objectives that we believe will create shareholder value, to reward performance that
contributes to the execution of our business strategies, and to attract and retain the right executives for our
business.
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