
| Shareowner ServicesSM | |
P.O. Box 64945 | |
St. Paul, MN 55164-0945 | |
| | | COMPANY # |
| | |
| | LEVEL 3 COMMUNICATIONS, INC. |
| | |
| | ANNUAL MEETING OF STOCKHOLDERS |
| | Thursday, May 19, 2011 |
| | 9:00 a.m. Mountain Time |
| | HEADQUARTERS OF |
| | LEVEL 3 COMMUNICATIONS, INC. |
| | 1025 Eldorado Blvd. |
| | Broomfield, Colorado 80021 |
| | |
| | Directions to the Level 3 Communications, Inc. Annual Meeting are available in the 2010 Annual Report which can be viewed at www.ematerials.com/lvlt. |
Important Notice Regarding the Availability of Proxy Materials for the
Stockholder Meeting to be Held on May 19, 2011.
Notice is hereby given that the Annual Meeting of Stockholders of Level 3 Communications, Inc. will be held at the Headquarters of Level 3 Communications, Inc., 1025 Eldorado Blvd., Broomfield, Colorado 80021 on Thursday, May 19, 2011 at 9:00 a.m. Mountain Time.
This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We encourage you to access and review all of the important information contained in the proxy materials before voting.
The 2010 Annual Report, Notice of 2011 Annual Meeting and Proxy Statement are available at www.ematerials.com/lvlt
If you want to receive a paper copy or an e-mail with links to the electronic materials, you must request one. There is no charge to you for requesting a copy. Please make your request for a copy as instructed on the reverse side of this notice on or before May 7, 2011 to facilitate timely delivery.
Matters intended to be acted upon at the meeting are listed below.
The Board of Directors recommends that you vote FOR Items 1, 2, 3, 4 and 6 and ONE YEAR for Item 5:
1. To reelect all 14 directors of the Board of Directors of Level 3 each for a one-year term until the 2012 Annual Meeting of Stockholders or until their successors have been elected and qualified.
2. To approve the granting to the Level 3 Board of Directors of discretionary authority to amend our Restated Certificate of Incorporation to effect a reverse stock split at one of four ratios.
3. To approve the amendment of the Level 3 Communications, Inc. Stock Plan to increase the number of shares of our common stock, par value $.01 per share, that are reserved for issuance under the plan by 100 million.
4. To approve, on an advisory basis, the executive compensation program for our named executive officers.
5. To approve a proposal of the frequency in which our stockholders will conduct an advisory vote on the executive compensation program for our named executive officers.
6. To authorize the transaction of such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.
You may immediately vote your proxy on the Internet at:
www.eproxy.com/lvlt
· Use the Internet to vote your proxy 24 hours a day, 7 days a week, until 12:00 p.m. (CDT) on May 18, 2011.
· Please have this Notice and the last four digits of your Social Security Number or Tax Identification Number available. Follow the instructions to vote your proxy.
Your Internet vote authorizes the Named Proxies to vote your shares in the same manner as if you marked, signed and returned your proxy card.