Sec Form 13D Filing - Temasek Holdings (Private) Ltd filing for Lumen Technologies Inc. (LUMN) - 2022-11-14

Insider filing report for Changes in Beneficial Ownership

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO §240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO §240.13d-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

 

 

 

Lumen Technologies, Inc.

(Formerly CenturyLink, Inc.)

(Name of Issuer)

 

Common Stock, $1.00 par value

(Title of Class of Securities)

 

550241103

(CUSIP Number)

 

Jason Norman Lee

Managing Director, Legal & Regulatory

Temasek International Pte. Ltd.

60B Orchard Road

#06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

November 11, 2022
(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.   ☐

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No.            550241103   Page 2 of 14        

 

  1   

Names of Reporting Persons

 

Temasek Holdings (Private) Limited

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Source Of Funds

 

AF

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF  

SHARES   BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     

Sole Voting Power

 

0

   8   

Shared Voting Power

 

56,082,331

   9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

56,082,331

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

56,082,331

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares  ☐

 

13  

Percent Of Class Represented By Amount In Row (11)

 

5.4%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Based on 1,034,582,843 shares of Common Stock (as defined herein) outstanding as of October 31, 2022, as reported by the Issuer (as defined herein) in its quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “Commission”) on November 3, 2022.


CUSIP No.            550241103   Page 3 of 14        

 

  1   

Names of Reporting Persons

 

Tembusu Capital Pte. Ltd.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Source Of Funds

 

WC

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF  

SHARES   BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     

Sole Voting Power

 

0

   8   

Shared Voting Power

 

56,082,331

   9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

56,082,331

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

56,082,331

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares  ☐

 

13  

Percent Of Class Represented By Amount In Row (11)

 

5.4%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Based on 1,034,582,843 shares of Common Stock outstanding as of October 31, 2022, as reported by the Issuer in its quarterly report on Form 10-Q filed with the Commission on November 3, 2022.


CUSIP No.            550241103   Page 4 of 14        

 

  1   

Names of Reporting Persons

 

Bartley Investments Pte. Ltd.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Source Of Funds

 

AF

  5  

Check If Disclosure Of Legal Proceedings Is Required Pursuant To Items 2(d) or 2(e)

 

  6  

Citizenship Or Place Of Organization

 

Singapore

NUMBER OF  

SHARES   BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

     

Sole Voting Power

 

0

   8   

Shared Voting Power

 

56,082,331

   9   

Sole Dispositive Power

 

0

   10   

Shared Dispositive Power

 

56,082,331

11  

Aggregate Amount Beneficially Owned By Each Reporting Person

 

56,082,331

12  

Check if the Aggregate Amount In Row (11) Excludes Certain Shares  ☐

 

13  

Percent Of Class Represented By Amount In Row (11)

 

5.4%(1)

14  

Type of Reporting Person

 

HC

 

(1)

Based on 1,034,582,843 shares of Common Stock outstanding as of October 31, 2022, as reported by the Issuer in its quarterly report on Form 10-Q filed with the Commission (as defined herein) on November 3, 2022.


CUSIP No.            550241103   Page 5 of 14        

 

Explanatory Note

This Amendment No. 6 to Schedule 13D amends and supplements the Schedule 13D originally filed with the SEC on November 8, 2017, as amended and supplemented by Amendment No. 1 thereto filed on February 7, 2018, Amendment No. 2 thereto filed on March 29, 2018, Amendment No. 3 thereto filed on April 5, 2018, Amendment No. 4 thereto filed on January 18, 2019 and Amendment No. 5 thereto filed on January 14, 2022 (together, the “Statement”) relating to the common stock, par value $1.00 per share (the “Common Stock”), of Lumen Technologies, Inc., a Louisiana corporation (the “Issuer”). The address of the Issuer’s principal executive offices is 100 CenturyLink Drive, Monroe, Louisiana 71203.

Capitalized terms used but not defined herein have the meanings given to them in the Statement.

 

Item 2.

Identity and Background

Schedule A referred to in Item 2 of the Statement is hereby amended and restated in its entirety by Schedule A hereto.

 

Item 5.

Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended and restated in its entirety as follows:

(a)-(b) As of November 11, 2022 and taking into account the transaction described in Item 5(c) below, 9,630,211 shares of the Common Stock, or approximately 0.9% of the outstanding Common Stock, were owned by Ellington Investments Pte. Ltd. (“Ellington”), and 46,452,120 shares of the Common Stock, or approximately 4.5% of the outstanding Common Stock, were owned by Everitt Investments Pte. Ltd. (“Everitt”). Ellington and Everitt are each wholly owned by Bartley Investments Pte. Ltd. (“Bartley”), which in turn is wholly owned by Tembusu Capital Pte. Ltd. (“Tembusu Capital”), which in turn is wholly owned by Temasek Holdings (Private) Limited (“Temasek Holdings”). Therefore, as of November 11, 2022, each of Bartley, Tembusu Capital and Temasek Holdings may be deemed to beneficially own the 56,082,331 shares of Common Stock, or approximately 5.4% of the outstanding Common Stock, owned in the aggregate by Everitt and Ellington.

To the knowledge of the Reporting Persons, the directors and executive officers of the Reporting Persons listed in Schedule A hereto beneficially own in the aggregate less than 1% of the Issuer’s outstanding shares of Common Stock.

The percentages of beneficial ownership of the Reporting Persons and their directors and executive officers listed in Schedule A hereto were calculated based on 1,034,582,843 shares of Common Stock outstanding as of October 31, 2022, as reported by the Issuer in its quarterly report on Form 10-Q filed with the Commission on November 3, 2022.


CUSIP No.            550241103   Page 6 of 14        

 

(c) Ellington made the following dispositions of shares of Common Stock during the past sixty days:

 

Date

   No. of shares of
Common Stock disposed
     Price per share  

November 3, 2022

     871,589        $6.02  

November 4, 2022

     3,500,000        $5.93  

November 7, 2022

     2,100,000        $5.99  

November 8, 2022

     2,147,356        $6.35  

November 11, 2022

     6,577,076        $6.36  

In the last sixty days, as a result of the transactions described above, Bartley, Tembusu Capital and Temasek Holdings have disposed of beneficial ownership of an aggregate of 15,196,021 shares of Common Stock.

To the knowledge of the Reporting Persons, there have been no transactions by any director or executive officer of any of the Reporting Persons in securities of the Issuer during the last sixty days.

(d) Not applicable.

(e) Not applicable.

 

Item 7.

Material to be Filed as Exhibits

 

Exhibit

  

Description

99.1    Joint Filing Agreement, dated March 29, 2018, among Temasek Holdings, Tembusu Capital and Bartley (Incorporated by reference to Exhibit 99.1 to Amendment No. 2 to the Schedule 13D filed by the Reporting Persons on March 29, 2018).


CUSIP No.            550241103   Page 7 of 14        

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

Date: No vember 14, 2022

 

  TEMASEK HOLDINGS (PRIVATE) LIMITED
    By:  

/s/ Jason Norman Lee

        Name:       Jason Norman Lee
        Title:       Authorised Signatory
  TEMBUSU CAPITAL PTE. LTD.
    By:  

/s/ Gregory Tan

        Name:       Gregory Tan
        Title:       Director
  BARTLEY INVESTMENTS PTE. LTD.
    By:  

/s/ Poy Weng Chuen

        Name:       Poy Weng Chuen
        Title:       Director


SCHEDULE A

The name, present principal occupation and business address of each director and executive officer of the Reporting Persons is set forth below.

The following is a list of the directors and executive officers of Temasek Holdings (Private) Limited:

 

Name, Business Address, Position

  

Principal Occupation

  

Citizenship

Lim Boon Heng

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Chairman and Director,

Temasek Holdings (Private) Limited)

  

Chairman,

Temasek Holdings (Private) Limited

   Singaporean

Cheng Wai Keung

3 Killiney Road

#10-01 Winsland House 1

Singapore 239519

(Deputy Chairman and Director,

Temasek Holdings (Private) Limited)

  

Chairman and Managing Director,

Wing Tai Holdings Limited

   Singaporean

Robert Bruce Zoellick

600 Massachusetts Avenue, NW Suite 350

Washington, DC 20001

USA

(Director, Temasek Holdings (Private) Limited)

  

Senior Counselor,

Brunswick Group

   American

Chin Yoke Choong Bobby

c/o 60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Director, Temasek Holdings (Private) Limited)

  

Board Member,

Temasek Holdings (Private) Limited

   Singaporean

Peter Robert Voser

Affolternstrasse 44

8050 Zurich

Switzerland

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

ABB Ltd

   Swiss

Lee Ching Yen Stephen

No.160 Robinson Road

#13-06 SBF Center Singapore 068914

(Director, Temasek Holdings (Private) Limited)

  

Managing Director

Great Malaysia Textile Investments Pte Ltd

   Singaporean


Name, Business Address, Position

  

Principal Occupation

  

Citizenship

Fu Chengyu

c/o 60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Director, Temasek Holdings (Private) Limited)

   Head of Energy Cooperation Team & Council Member Cross-Strait CEO Summit    Chinese

Lee Theng Kiat

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

Temasek International Pte. Ltd.

   Singaporean
Dilhan Pillay Sandrasegara
60B Orchard Road #06-18 Tower 2
The Atrium@Orchard
Singapore 238891
(Executive Director & Chief Executive Officer,
Temasek Holdings (Private) Limited & Temasek International Pte. Ltd.)
   Executive Director & Chief Executive Officer,
Temasek Holdings (Private) Limited & Temasek International Pte. Ltd.
   Singaporean

Ajaypal Singh Banga

55 East 52nd Street

33rd Floor

New York, NY 10055

(Director, Temasek Holdings (Private) Limited)

  

Vice Chairman,

General Atlantic

   American

Jaime Augusto Miranda Zobel de Ayala

35F Tower One,

Ayala Triangle, Ayala Avenue,

Makati City, 1226.

Philippines

(Director, Temasek Holdings (Private) Limited)

  

Chairman,

Ayala Corporation

   Filipino

Lee Hong Wei, Jenny

c/o 60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Director, Temasek Holdings (Private) Limited)

  

Managing Partner,

GGV Capital

   Singaporean

Tan Chee Meng

12 Marina Boulevard Level 28
Marina Bay Financial Centre Tower 3
Singapore 018982
(Director, Temasek Holdings (Private) Limited)

  

Senior Counsel and Deputy Chairman,

WongPartnership LLP

   Singaporean

Teo Juet Sim Juliet

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Deputy Head, Portfolio Development Group;

Head, Transportation & Logistics, Deputy Head, Singapore Market

Temasek International Pte. Ltd.)

  

Deputy Head, Portfolio Development Group; Head, Transportation & Logistics,

Deputy Head, Singapore Market

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address, Position

  

Principal Occupation

  

Citizenship

Nagi Adel Hamiyeh

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Head, Portfolio Development Group,

Temasek International Pte. Ltd.)

  

Head, Portfolio Development Group,

Temasek International Pte. Ltd.

   Singaporean

Leong Wai Leng

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Chief Financial Officer; Head, Singapore Market,

Temasek Holdings (Private) Limited)

  

Chief Financial Officer; Head, Singapore Market,

Temasek Holdings (Private) Limited

   Singaporean

Chan Wai Ching

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Chief Corporate Officer; Head, Organisation & People,

Temasek International Pte. Ltd.)

  

Chief Corporate Officer; Head, Organisation & People,

Temasek International Pte. Ltd.

   Singaporean

Syed Fidah Bin Ismail Alsagoff

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Joint Head, Enterprise Development Group (Singapore); Head, Life Sciences,

Temasek International Pte. Ltd.)

  

Joint Head, Enterprise Development Group (Singapore); Head, Life Sciences,

Temasek International Pte. Ltd.

   Singaporean

Rohit Sipahimalani

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Chief Investment Officer; Head, South East Asia,

Temasek International Pte. Ltd.)

  

Chief Investment Officer; Head, South East Asia,

Temasek International Pte. Ltd.

   Singaporean

Gregory Lynn Curl

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(President,

Temasek International Pte. Ltd.)

  

President,

Temasek International Pte. Ltd.

   American

Png Chin Yee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Deputy Chief Financial Officer,

Temasek International Pte. Ltd.)

  

Deputy Chief Financial Officer,

Temasek International Pte. Ltd.

   Singaporean

Tan Chong Lee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(President,

Temasek International Pte. Ltd.)

  

President,

Temasek International Pte. Ltd.

   Singaporean


Name, Business Address, Position

  

Principal Occupation

  

Citizenship

Chia Song Hwee

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Deputy Chief Executive Officer,

Temasek International Pte. Ltd.)

  

Deputy Chief Executive Officer,

Temasek International Pte. Ltd.

   Singaporean

Pek Siok Lan

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(General Counsel,

Temasek International Pte. Ltd.)

  

General Counsel,

Temasek International Pte. Ltd.

   Singaporean

Ravi Lambah

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Head, Investment Group; Head, India,

Temasek International Pte. Ltd.)

  

Head, Investment Group; Head, India,

Temasek International Pte. Ltd.

   Maltese

Michael John Buchanan

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Head, Portfolio Strategy & Risk Group; Head, Macro Strategy; Head, Australia & New Zealand,

Temasek International Pte. Ltd.)

  

Head, Portfolio Strategy & Risk Group; Head, Macro Strategy; Head, Australia & New Zealand,

Temasek International Pte. Ltd.

   Australian / British

Wu Yibing

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(President, China; Head, Enterprise Development Group (China); Joint Head, Technology & Consumer,

Temasek International Pte. Ltd.)

  

President, China; Head, Enterprise Development Group (China); Joint Head, Technology & Consumer,

Temasek International Pte. Ltd.

   American

Benoit Louis Marie Francois Valentin

23 King Street London SW1Y 6QY

United Kingdom

(Head, Private Equity Fund Investments; Head, Impact Investing; Deputy Head, EMEA,

Temasek International (Europe) Limited)

  

Head, Private Equity Fund Investments; Head, Impact Investing; Deputy Head, EMEA,

Temasek International (Europe) Limited

   French

Nicolas Jean Debetencourt

375 Park Avenue 14th Floor New York 10152

United States

(Head, Credit and Hybrid Solutions,

Temasek International (USA) LLC)

  

Head, Credit and Hybrid Solutions,

Temasek International (USA) LLC

   American / Belgian

John Joseph Vaske

375 Park Avenue 14th Floor New York 10152

United States

(Head, Americas,

Temasek International (USA) LLC)

  

Head, Americas,

Temasek International (USA) LLC

   American


Name, Business Address, Position

  

Principal Occupation

  

Citizenship

Caroline Jane Atherton

375 Park Avenue 14th Floor New York 10152

United States

(Deputy Head, North America; Managing Director, Investment (Financial Services),

Temasek International (USA) LLC)

  

Deputy Head, North America; Managing Director, Investment (Financial Services),

Temasek International (USA) LLC

   British

John William Marren

101 California Street Suite 3700

San Francisco 94111

United States

(Joint Head, North America; Joint Head, Technology & Consumer,

Temasek International (USA) LLC)

  

Joint Head, North America; Joint Head, Technology & Consumer,

Temasek International (USA) LLC

   American

Uwe Krueger

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Head, Industrials, Business Services, Energy & Resources; Head, EMEA,

Temasek International Pte. Ltd.)

  

Head, Industrials, Business Services, Energy & Resources; Head, EMEA,

Temasek International Pte. Ltd.

   German

Tham Min Yew

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Joint Head, Enterprise Development Group (Singapore); Head, Strategic Development,

Temasek International Pte. Ltd.)

  

Joint Head, Enterprise Development Group (Singapore); Head, Strategic Development,

Temasek International Pte. Ltd.

   Singaporean

Michael Zeller

101 California Street Suite 3700

San Francisco 94111

United States

(Head, Artificial Intelligence Strategy & Solutions,

Temasek International (USA) LLC)

  

Head, Artificial Intelligence Strategy & Solutions,

Temasek International (USA) LLC

   American / German

Stephen Blair Howard

60B Orchard Road #06-18 Tower 2

The Atrium@Orchard

Singapore 238891

(Chief Sustainability Officer,

Temasek International Pte. Ltd.)

  

Chief Sustainability Officer,

Temasek International Pte. Ltd.

   British


The following is a list of the directors and executive officers of Tembusu Capital Pte. Ltd.:

 

Name, Business Address and Position

  

Principal Occupation

  

Citizenship

Gregory Tan

60B Orchard Road #06-18, Tower 2

The Atrium@Orchard

Singapore 238891

(Director)

  

Deputy General Counsel,

Temasek International Pte. Ltd.

   Singaporean

 

Goh Bee Kheng

60B Orchard Road #06-18, Tower 2

The Atrium@Orchard

Singapore 238891

(Director)

  

Head, Investment Services,

Managing Director – Finance,

Temasek International Pte. Ltd.

   Singaporean

The following is a list of the directors and executive officers of Bartley Investments Pte. Ltd.:

 

Name, Business Address and Position

  

Principal Occupation

  

Citizenship

Poy Weng Chuen

60B Orchard Road #06-18, Tower 2

The Atrium@Orchard

Singapore 238891

(Director)

  

Director – Investment Services,

Temasek International Pte. Ltd.

   Singaporean

Lee Ooi Keong

60B Orchard Road #06-18, Tower 2

The Atrium@Orchard

Singapore 238891

(Director)

  

Director – Risk Management,

Temasek International Pte. Ltd.

   Singaporean