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Filing Details

Accession Number:: 0001225208-14-022740
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-11-04 17:57:32
Reporting Period:: 2014-10-31

Filing Date:: 2014-11-04
Accepted Time:: 2014-11-04 17:57:32
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
794323	Level 3 Communications Inc	LVLT	Telephone Communications (No Radiotelephone) (4813)	470210602

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1184989	John Blount	1025 Eldorado Blvd Broomfield CO 80021	Regional President, Na	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-10-31	311,549	$0.00	311,549	No	4	A	Direct
Common Stock	Disposition	2014-10-31	183,211	$46.91	128,338	No	4	F	Direct
Common Stock	Disposition	2014-11-04	54,610	$46.56	73,728	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	S	Direct

Footnotes

These securities were issued pursuant to an Agreement and Plan of Merger (the "merger agreement") among the Issuer, Saturn Merger Sub 1, LLC, Saturn Merger Sub 2, LLC and tw telecom inc. dated as June 15, 2014, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3. In accordance with the terms of the merger agreement, Saturn Merger Sub 1, LLC was merged with and into tw telecom inc. (the "merger"), and thereafter, tw telecom inc. merged with and into Saturn Merger Sub 2, LLC, which then changed its name to tw telecom, llc, and tw telecom, llc became a wholly owned subsidiary of the Issuer. Each holder of tw telecom inc. common stock prior to the merger is receiving $10 in cash and 0.7 shares of the Issuer's common stock in exchange for each share of tw telcom inc. common stock held at the effective time of the merger.
82,000 shares of Issuer common stock included in this total relate to time-based restricted stock awards ("RSAs") granted to the reporting person by tw telecom inc. in respect of 273,717 tw telecom inc. shares of common stock, which RSAs vested in connection with the closing of the merger, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3. 119,946 shares of Issuer common stock included in this total relate to time-based restricted stock units ("RSUs") granted to the reporting person by tw telecom inc. in respect of 171,351 tw telecom inc. shares of common stock, which RSUs vested in connection with the closing of the merger, in a transaction exempt from Section 16(b) pursuant to Rule 16b-3.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 18, 2014.
This is a weighted average price. The prices actually received ranged from $46.22 to $47.01. The Reporting Person has provided to the issuer and will provide to any security holder or the staff of the Securities and Exchange Commission, upon request, information regarding the number of shares sold at each price within the range.