PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424 (b)(3) (TO PROSPECTUS DATED JANUARY 8, 2002) Registration No. 333-72282 [LUCENT TECHNOLOGIES LOGO] LUCENT TECHNOLOGIES INC. 1,885,000 SHARES OF 8.00% REDEEMABLE CONVERTIBLE PREFERRED STOCK $1,885,000,000 PRINCIPAL AGGREGATE AMOUNT OF 8.00% CONVERTIBLE SUBORDINATED DEBENTURES ISSUABLE IN EXCHANGE FOR THE PREFERRED STOCK 252,005,273 SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THE CONVERSION PRIVILEGE ATTACHED TO THE PREFERRED STOCK OR CONVERTIBLE SUBORDINATED DEBENTURES 46,328,725 SHARES OF COMMON STOCK ISSUABLE IN CONNECTION WITH THE PAYMENT OF DIVIDENDS ON THE PREFERRED STOCK This prospectus supplement relates to resales of preferred stock and to sales of convertible subordinated debentures that may be issued in exchange for preferred stock and to common stock that may be issued upon conversion of preferred stock or convertible subordinated debentures, by the securityholders named under the caption "Selling Securityholders" in this prospectus supplement, all as described under the caption "Plan of Distribution" in the accompanying prospectus. This prospectus supplement should be read in conjunction with the accompanying prospectus dated January 8, 2002, and the prospectus supplements dated February 7, 2002, March 29, 2002, May 29, 2002, July 1, 2002 and July 3, 2002, which are to be delivered with this prospectus supplement. Each share of preferred stock is convertible at any time, at the option of the holder and in the manner described in the accompanying prospectus, into fully paid and nonassessable shares of our common stock. The preferred stock is currently convertible into common stock at a conversion price of $5.94 per share of common stock (equivalent to a conversion rate of 168.3502 shares of common stock for each share of preferred stock), representing an adjustment of the initial conversion price of $7.48 per share of common stock (or initial conversion rate of 133.6898 shares of common stock for each share of preferred stock) on account of our distribution of our shares of Agere Systems Inc. to our common shareowners in connection with our spin-off of Agere Systems Inc. and is subject to further adjustments as described in the accompanying prospectus. The table appearing under "Selling Securityholders" in the accompanying prospectus is hereby amended by the addition of, or the listing of additional shares for, selling securityholders and is restated as follows: SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- 1976 Distribution Trust FBO A.R. Lauder/ Zinterhofer............................... 7 7,000 1,179 Nil 1976 Distribution Trust FBO Jane A. Lauder.................................... 13 13,000 2,189 Nil 2000 Revocable Trust FBO A.R. Lauder/ Zinterhofer............................... 7 7,000 1,179 Nil ACM Research Fund........................... 1,730 1,730,000 291,246 Nil Advent Convertible Master Cayman L.P. ...... 3,686 3,686,000 620,539 Nil AEGON/Transamerica Services Fund, Inc. -- T. Rowe Price Equity Income Portfolio........ 155 155,000 26,095 334,400 AFTRA Health Fund........................... 160 160,000 26,937 Nil AIG/National Union Fire Insurance........... 600 600,000 101,011 Nil Aim Charter Fund............................ 15,000 15,000,000 2,525,253 Nil SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- Aim VI Growth & Income Fund................. 5,000 5,000,000 841,751 Nil Allegheny Technologies Inc. Pension Plan.... 3,326 3,326,000 559,933 Nil Allentown City Firefighters Pension Plan.... 25 25,000 4,209 Nil Allentown City Officers & Employee Pension Fund...................................... 10 10,000 1,684 Nil Allentown City Police Pension Plan.......... 45 45,000 7,576 Nil Allete, Inc. ............................... 500 500,000 84,176 Nil Alliance Balanced Shares, Inc. ............. 7,950 7,950,000 1,338,385 2,056,000 Alliance Growth & Income, Inc. ............. 52,160 52,160,000 8,781,147 21,237,200 Allstate Insurance Company.................. 1,200 1,200,000 202,021 287,245 Allstate Life Insurance Company............. 550 550,000 92,593 13,155 Alpine Associates, L.P. .................... 10,600 10,600,000 1,784,513 Nil Alpine Partners, L.P. ...................... 1,575 1,575,000 265,152 Nil Amaranth Securities L.L.C. ................. 14,750 14,750,000 2,483,166 Nil American Funds Insurance Series -- Global Discovery Fund............................ 80 80,000 13,469 Nil American Motorist Insurance Company......... 516 516,000 86,869 Nil American Variable Insurance Series -- Growth Income Fund............................... 12,910 12,910,000 2,173,402 400,000 Anchor Pathway Fund -- Growth Income Series.................................... 2,300 2,300,000 387,206 100,000 Arapaho County Colorado..................... 51 51,000 8,586 Nil Arbitex Master Fund, L.P. .................. 9,000 9,000,000 1,515,152 Nil Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd. ........................... 3,150 3,150,000 530,304 Nil Argent Classic Convertible Arbitrage Fund L.P.(6)................................... 1,350 1,350,000 227,273 Nil Argent Classic Convertible Fund (Bermuda) Ltd.(6)................................... 650 650,000 109,428 Nil Argent Convertible Arbitrage Fund Ltd. ..... 2,500 2,500,000 420,876 Nil Argent LowLev Convertible Arbitrage Fund LLC....................................... 500 500,000 84,176 Nil Arkansas PERS............................... 725 725,000 122,054 Nil Associated Electric & Gas Insurance Services Limited(5)................................ 2,500 2,500,000 420,876 Nil Aventis Pension Master Trust(5)............. 550 550,000 92,593 Nil Banc of America Securities LLC.............. 5,593 5,593 941,583 Nil Banca del Gotardo........................... 34 34,000 5,724 Nil Bancroft Convertible Fund, Inc. ............ 1,000 1,000,000 168,351 Nil Bank of America Pension Plan................ 1,350 1,350,000 227,273 Nil Bankers Trust Company....................... 400 400,000 67,341 Nil Bankers Trust Company, Trustee for DaimlerChrysler Corp Emp #1 Pension Plan dtd 4/1/89................................ 9,100 9,100,000 1,531,987 Nil Bay County PERS............................. 90 90,000 15,152 Nil Bear Stearns & Co. Inc. .................... 10,000 10,000,000 1,683,502 Nil 2 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- BGI Global Investors........................ 750 750 126,263 Nil BlackRock High Yield Bond Fund.............. 1,000 1,000,000 168,351 Nil BNA Retirement Trust........................ 15 15,000 2,526 10,000 BNP Paribas Equity Strategies SNC........... 3,850 3,850 648,149 1,124,075 Boilermaker's Blacksmith Pension Trust(5)... 3,265 3,265 549,664 Nil British Virgin Islands Social Security Board..................................... 39 39,000 6,566 Nil CALAMOS Convertible Fund -- CALAMOS Investment Trust(5)....................... 9,200 9,200,000 1,548,822 Nil CALAMOS Convertible Growth and Income Fund -- CALAMOS Investment Trust(5)....... 4,935 4,935 830,809 Nil CALAMOS Convertible Portfolio -- CALAMOS Advisors Trust(5)......................... 265 265,000 44,613 Nil CALAMOS Convertible Technology Fund -- CALAMOS Investment Trust(5)............... 70 70,000 11,785 Nil CALAMOS Global Convertible Fund -- CALAMOS Investment Trust(5)....................... 140 140,000 23,570 Nil CALAMOS High Yield Fund -- CALAMOS Investment Trust.......................... 150 150,000 25,253 Nil CALAMOS Market Neutral Fund -- CALAMOS Investment Trust(5)....................... 8,300 8,300,000 1,397,307 Nil California Public Employees' Retirement System.................................... 3,000 3,000,000 505,051 13,725,800 Canyon Capital Arbitrage Master Fund, Ltd. ..................................... 2,550 2,500,000 429,294 Nil Canyon Mac 18 (RMF) Ltd..................... 595 595,000 100,169 Nil Canyon Value Realization Fund (Cayman), Ltd. ..................................... 3,485 3,485,000 586,701 Nil Capital International Global Discovery...... 50 50,000 8,418 Nil Caspian Capital Partners LP................. 300 300,000 50,506 Nil Century -- National Insurance Company....... 750 750,000 126,263 Nil Charitable Convertible Securities Fund...... 1,100 1,100,000 185,186 Nil Chilton International, L.P. ................ 19,473 19,473,000 3,278,284 Nil Chilton Investment Partners, L.P. .......... 5,809 5,809,000 977,947 Nil Chilton New Era International, L.P. ........ 11,853 11,853,000 1,995,455 Nil Chilton New Era Partners, L.P. ............. 6,699 6,699,000 1,127,778 Nil Chilton QP Investment Partners, L.P. ....... 4,991 4,991,000 840,236 Nil City of Albany Pension Plan(5).............. 210 210,000 35,354 Nil City of Knoxville Pension System(5)......... 600 600,000 101,011 Nil City of New Orleans......................... 208 208,000 35,017 Nil City University of New York................. 125 125,000 21,044 Nil Clarica Life Insurance Co. -- US(5)......... 585 585,000 98,485 Nil Clinton Springs Partnership L.L.C. ......... 500 500,000 84,176 Nil Coastal Convertibles LTD. .................. 1,000 1,000,000 168,351 Nil Common Fund Event Driven Company c/o IBT Fund Services (Cayman).................... 521 521,000 87,711 Nil Concordia Partners LP....................... 15,500 15,500,000 2,609,429 Nil Consulting Group Capital Markets Funds(5)... 350 350,000 58,923 Nil 3 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- Continental Assurance Company On Behalf Of Its Separate Account (E).................. 1,400 1,400,000 235,691 Nil Continental Casualty Company................ 18,600 18,600,000 3,131,314 Nil CooperNeff Convertible Strategies Fund...... 69 69,000 11,617 Nil COOPERNEFF Convertible Strategies Fund, L.P. ..................................... 1,086 1,086,000 182,829 Nil Credit Lyonnais Securities Inc. (USA)....... 6,000 6,000,000 1,010,102 408,986 Credit Suisse First Boston Corp. ........... 2,000 2,000,000 336,701 Nil Credit Suisse First Boston Corporation...... 2,670 2,670,000 449,496 Nil Daniel A. Hillenbrand....................... 100 100,000 16,836 Nil Davis New York Venture Fund................. 38,400 38,400,000 6,464,648 Nil Deeprock & Co. ............................. 1,000 1,000,000 168,351 Nil Delaware PERS............................... 1,025 1,025,000 172,559 Nil Delta Airlines Master Trust(5).............. 3,775 3,775,000 635,523 Nil Delta Pilots Disability and Survivorship Trust(5).................................. 785 785,000 132,155 Nil Deutsche Bank Securities Inc. .............. 121,500 121,500,000 20,454,550 Nil Deutsche Banc Alex. Brown Inc. ............. 75,600 75,600,000 12,727,276 Nil DNB Endowment............................... 300 300,000 50,506 Nil Drury University(5)......................... 70 70,000 11,785 Nil Duke Endowment.............................. 180 180,000 30,304 Nil EB Convertible Securities Fund.............. 1,100 1,100,00 185,186 Nil Ellsworth Convertible Growth and Income Fund, Inc. ............................... 1,000 1,000,000 168,351 Nil Endowments -- Growth and Income Portfolio... 400 400,000 67,341 5,000 Family Service Life Insurance Co. .......... 150 150,000 25,253 Nil F.R. Convt. Sec. Fn. ....................... 105 105,000 17,677 Nil Fidelity Advisor Series I: Fidelity Advisor Balanced Fund(6).......................... 710 710,000 119,529 Nil Fidelity Advisor Series I: Fidelity Advisor Dividend Growth Fund(6)................... 900 900,000 151,516 300,000 Fidelity Advisor Series I: Fidelity Advisor Equity Value Fund(6)...................... 212 212,000 35,691 Nil Fidelity Advisor Series I: Fidelity Advisor Growth & Income Fund(6)................... 1,350 1,350 227,273 Nil Fidelity Charles Street Trust: Fidelity Asset Manager(6).......................... 5,130 5,130,000 863,637 1,255,300 Fidelity Charles Street Trust: Fidelity Asset Manager: Growth(6).................. 2,570 2,570,000 432,661 Nil Fidelity Charles Street Trust: Fidelity Asset Manager: Income(6).................. 200 200,000 33,671 Nil Fidelity Contrafund: Fidelity Contrafund(6)............................. 57,450 57,450,000 9,671,719 Nil Fidelity Devonshire Trust: Fidelity Equity Income Fund(6)............................ 12,360 12,360,000 2,080,809 1,961,000 4 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- Fidelity Financial Trust: Fidelity Convertible Securities Fund(6)............ 4,600 4,600,000 774,411 Nil Fidelity Financial Trust: Fidelity Equity- Income II Fund(6)......................... 45,223 45,223,000 7,613,302 Nil Fidelity Hastings Street Trust: Fidelity Fund(6)................................... 6,100 6,100,000 1,026,937 4,134,400 Fidelity Management Trust Company on behalf of accounts managed by it(7).............. 6,890 6,890,000 1,159,933 4,764,186 Fidelity Mt. Vernon Street Trust: Fidelity Aggressive Growth Fund(6)................. 4,000 4,000,000 673,401 4,019,755 Fidelity Puritan Trust: Fidelity Puritan Fund...................................... 6,980 6,980,000 1,175,085 1,127,200 Fidelity Securities Fund: Fidelity Dividend Growth Fund(6)............................ 6,600 6,600,000 1,111,112 3,000,000 Fidelity Trend Fund: Fidelity Trend Fund(6)................................... 500 500,000 84,176 Nil Field Foundation of Illinois................ 50 50,000 8,418 Nil First Mercury Insurance Company............. 30,000 30,000,000 5,050,506 Nil First Union National Bank................... 44,000 44,000,000 7,407,409 Nil First Union Securities Inc. ................ 5,400 5,400,000 909,092 Nil FIST -- Franklin Convertible Securities Fund...................................... 2,300 2,300,000 387,206 Nil Forest Alternative Strategies II............ 100 100,000 16,836 Nil Forest Fulcrum Fund L.L.P. ................. 1,200 1,200,000 202,021 Nil Forest Global Convertible Fund Series A-5... 5,000 5,000,000 841,751 Nil Franklin and Marshall College............... 500 500,000 84,176 Nil Franklin World Telecom Fund -- Canada....... 100 100,000 16,836 Nil FSS -- Franklin Global Communication Fund... 1,300 1,300,000 218,856 Nil FTVIPT -- Global Communication Fund......... 2,800 2,800,000 471,381 Nil GDO Equity Arbitrage Master Fund............ 5,000 5,000,000 841,751 Nil GenCorp Foundation.......................... 35 35,000 5,893 Nil General Motors Welfare Benefit Trust (VEBA).................................... 1,000 1,000,000 168,351 Nil GLG Convertible UCITS Fund.................. 815 815,000 137,206 Nil GLG Global Convertible Fund................. 7,185 7,185,000 1,209,597 Nil GLG Market Neutral Fund..................... 54,500 54,500,000 9,175,086 Nil Golden Rule Insurance Company............... 350 350,000 58,923 Nil Goldman Sachs and Company................... 629 629,000 105,893 Nil Grady Hospital Foundation................... 110 110,000 18,519 Nil Granville Capital Corporation............... 34,000 34,000,000 5,723,907 Nil Guardian Life Insurance Co. ................ 9,300 9,300,000 1,565,657 68,388 Gulf International Bank (UK) LYD............ 30 30,000 5,051 Nil Guardian Pension Trust...................... 500 500,000 84,176 Nil Harbor Associates........................... 100 100,000 16,836 Nil Harris Corporation Retirement Trust......... 145 145,000 234,900 Nil H.K. Porter Company, Inc. .................. 55 55,000 9,260 Nil Health Foundation of Greater Cincinnati..... 180 180,000 30,304 Nil HFR Convertible Arbitrage Account........... 214 214,000 36,027 Nil 5 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- HFR Master Fund, Ltd.(5).................... 50 50,000 8,418 Nil HFR TQA MasterTrust......................... 300 300,000 50,506 Nil HFR Zazove Master Trust..................... 200 200,000 33,671 Nil Highbridge International LLC................ 22,500 22,500,000 3,787,880 Nil ICI American Holdings Trust................. 370 370,000 62,290 Nil Independence Blue Cross..................... 225 225,000 37,879 Nil International Bank of Reconstruction & Development Retired Employees Benefit Trust..................................... 2,000 2,000,000 336,701 Nil Island Drive Offshore, Ltd. ................ 1,300 1,300,000 218,856 Nil JAS Securities, LLC......................... 2,000 2,000,000 336,701 Nil Jeffries & Company, Inc. ................... 8,500 8,500,000 1,430,977 Nil John Hancock Variable Series Trust I -- Large Cap Value Portfolio............ 135 135,000 22,728 224,200 Jonathan T. Walton.......................... 10 10,000 1,684 Nil JMG Capital Partners LP..................... 88,525 88,525,000 14,903,202 Nil JMG Triton Offshore Fund, Ltd. ............. 58,255 58,255,000 9,807,241 Nil JNL Series Trust -- T. Rowe Price/JNL Value Series.................................... 205 205,000 34,512 425,700 JP Morgan Securities Inc. ................. 42,320 42,320,000 7,124,581 1,220,808 KBC Convertible Opportunities LTD........... 2,031 2,031,000 341,920 Nil KBC Financial Products USA Inc. ............ 1,481 1,481,000 249,327 Nil Kellner, DiLeo & Co., LP.................... 3,900 3,900,000 656,566 Nil Kettering Medical Center Funded Depreciation Account(5)................................ 140 140,000 23,570 Nil Key Trust Convertible Securities Fund....... 180 180,000 30,304 Nil Knoxville Utilities Board Retirement System(5)................................. 335 335,000 56,398 Nil L.A. Fire and Police Pension Fund........... 9,500 9,500,000 1,599,327 Nil LDG Limited................................. 1,050 1,050,000 176,768 Nil Lehman Brothers Special Finance............. 68,675 68,675,000 11,561,450 Nil Lehman Brothers Inc. ....................... 110,000 110,000,000 18,518,522 Nil Levco Alternative Fund, Ltd. ............... 13,649 13,649,000 2,297,812 Nil Lexington Vantage Fund Ltd. c/o TQA Investors, LLC............................ 350 350,000 58,923 Nil Lincoln National Convertible Securities Fund...................................... 10,000 10,000,000 1,683,502 Nil Lipper Convertibles Series II, LP........... 5,000 5,000,000 841,751 Nil Lipper Convertibles, L.P. .................. 48,500 48,500,000 8,164,985 Nil Lipper Offshore Convertibles, LP............ 9,100 9,100 1,531,987 Nil Local Initiatives Support Corporation....... 50 50,000 8,418 Nil Lord Abbett Affiliated Fund................. 28,750 28,750,000 4,840,069 Nil Louisiana Workers' Compensation Corporation............................... 620 620,000 104,378 Nil LTT Limited................................. 350 350,000 58,923 Nil Lyxor Master Fund........................... 843 843,000 141,920 Nil 6 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- Lyxor Master Fund c/o Argent Management Company LLC............................... 350 350 58,923 Nil Lyxor Master Fund c/o Forest Investment Management L.L.C. ........................ 1,500 1,500,000 252,526 Nil Macomb County Employees' Retirement System(5)................................. 585 585,000 98,485 Nil Magnetite Assets Investors III LLC.......... 3,000 3,000,000 505,051 Nil Mainstay Convertible Fund................... 2,110 2,110,000 355,219 Nil Mainstay VP Convertible Portfolio........... 640 640,000 107,745 Nil Manufacturers Investment Fund -- Equity Income Trust.............................. 690 690,000 116,162 1,142,500 Mariner LDC................................. 3,200 3,200,000 538,721 Nil Mary H. Hillenbrand......................... 100 100,000 16,836 Nil Maryland State Retirement Fund.............. 10,656 10,656,000 1,793,940 Nil Maxim Series Fund, Inc. -- Maxim T. Rowe Price Equity Income Portfolio............. 140 140,000 23,570 252,800 McMahan Securities Co. L.P. ................ 7,080 7,080,000 1,191,920 Nil Merrill Lynch Global Allocation Fund, Inc. ..................................... 12,040 12,040,000 2,026,937 2,000,000 Merrill Lynch Insurance Group............... 276 276,000 46,465 Nil Merrill Lynch International Investment Fund...................................... 900 900,000 151,526 275,100 Merrill Lynch Pierce Fenner & Smith Inc. ... 284 284,000 47,812 Nil Merrill Lynch Series Fund, Inc., Global Allocation Strategy Portfolio............. 200 200,000 33,671 57,100 Merrill Lynch Variable Series, Inc., Global Allocation Focus Fund..................... 550 550,000 92,593 130,400 Minnesota Power and Light................... 160 160,000 26,937 Nil Morgan Stanley.............................. 55,000 55,000,000 9,259,261 Nil Morgan Stanley & Co. Incorporated........... 12,391 12,391,000 2,086,028 Nil Morgan Stanley Capital Services............. 35,000 35,000,000 5,892,257 Nil Morgan Stanley Dean Witter Convertible Securities Trust.......................... 2,100 2,100 353,536 Nil Municipal Employees......................... 187 187,000 31,482 Nil Nabisco Holdings............................ 30 30,000 5,051 Nil National Union Fire Insurance Company of Pittsburgh, PA............................ 2,000 2,000,000 336,701 Nil Navigator Offshore Fund, Ltd. .............. 7,655 7,655,000 1,288,721 Nil Navigator Partners L.P. .................... 1,345 1,345,000 226,432 Nil New Orleans Firefighters Pension/Relief Fund...................................... 113 113,000 19,024 Nil New York Life Insurance Company (Ordinary Life Post 1982 AC 1)...................... 2,040 2,040,000 343,435 Nil New York Life Insurance Company (Ordinary Life Post 1982 AC 2)...................... 4,815 4,815,000 810,607 Nil New York Life Insurance Company (Separate Account #7)............................... 285 285,000 47,980 Nil 7 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- NSMD........................................ 300 300,000 50,506 Nil Occidental Petroleum Corporation............ 214 214,000 36,027 Nil Ohio Bureau of Workers Compensation......... 150 150,000 25,253 Nil Ondeo Nalco................................. 155 155,000 26,095 Nil Oppenheimer Convertible Securities Fund..... 5,000 5,000,000 841,751 Nil Paloma Securities L.L.C. ................... 6,750 6,750,000 1,136,364 Nil Park Avenue Life Insurance Co. ............. 50 50,000 8,418 Nil Parker Key/Convertible...................... 285 285,000 47,980 Nil Parsimony Limited........................... 3,000 3,000,000 505,051 Nil Penn Treaty Network America Insurance Company................................... 700 700,000 117,846 Nil Peoples Benefit Life Insurance Company (Teamsters Separate Account).............. 3,350 3,350,000 563,974 Nil Policeman and Firemen Retirement System of the City of Detroit....................... 513 513,000 86,364 Nil Port Authority of Allegheny County Retirement and Disability Allowance Plan for Employees Represented by Local 85 of the Amalgamated Transit Union(5).......... 2,470 2,470,000 415,825 Nil Potlatch.................................... 760 760,000 127,947 Nil Prisma Foundation(5)........................ 110 110,000 18,519 Nil Pro-Mutual.................................. 613 613,000 103,199 Nil Prudential Insurance Company of America..... 3,835 3,835,000 645,624 Nil Prudential Property and Casualty Insurance Company................................... 260 260,000 43,772 Nil Prudential Property and Casualty Insurance Company of New Jersey..................... 195 195,000 32,829 Nil Purchase Associates, L.P. .................. 3,687 3,687,000 620,708 Nil Quattro Fund Ltd. .......................... 1,000 1,000,000 168,351 Nil R(2) Investments, LDC....................... 75,000 75,000,000 12,626,265 Nil Raytheon Master Pension Trust............... 206 206,000 34,681 Nil Retail Clerks Pension Trust................. 1,600 1,600,000 269,361 Nil RJR Reynolds................................ 85 85,000 14,310 Nil Robertson Stephens, Inc. ................... 20,000 20,000,000 3,367,004 Nil Sagamore Hill Hub Fund, Ltd. ............... 14,750 14,750,000 2,483,166 Nil Sage Capital................................ 2,000 2,000,000 336,701 Nil Salme Walton................................ 10 10,000 1684 Nil Salomon Smith Barney Inc. .................. 25,790 25,790,000 4,341,752 Nil San Diego County Employee Retirement Association............................... 2,050 2,050,000 345,118 Nil SBL Fund -- Series O -- (Equity Income Series)................................... 110 110,000 18,519 176,900 SCI Endowment Care Common Trust Fund -- First Union(5)............................ 75 75,000 12,627 Nil 8 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- SCI Endowment Care Common Trust Fund -- National Fiduciary Services(5)............ 335 335,000 56,398 Nil SCI Endowment Care Common Trust Fund -- Suntrust(5)............................... 140 140,000 23,570 Nil Seasons Series Trust -- Large-Cap Portfolio................................. 12 12,000 2,021 26,100 SEI Private Trust Company................... 1,085 1,085,000 182,670 3,721,034 SG Cowen Securities Corporation............. 41,365 41,365,000 6,963,807 Nil SG Hambros Trust Company (Jersey) as Trustee of the Lyxor Master Fund.................. 475 475,000 79,967 Nil Shell Pension Trust......................... 504 504,000 84,849 Nil Silverado Arbitrage Trading, LTD............ 1,025 1,025,000 172,559 Nil South Dakota Retirement System.............. 500 500,000 84,176 Nil Southdown Pension Plan(5)................... 235 235,000 39,563 Nil Southern Farm Bureau Life Insurance......... 425 425,000 71,549 Nil Spear, Leads & Kellogg L.P. ................ 1,000 1,000,000 168,351 Nil SPT......................................... 2,850 2,850,000 479,799 Nil St. Albans Partners Ltd. ................... 3,350 3,350,000 563,974 Nil Starvest Combined Portfolio................. 650 650,000 109,428 Nil Starvest Managed Portfolio.................. 35 35,000 5,893 Nil State of Maryland Retirement Agency......... 2,636 2,636 443,772 Nil State of Mississippi Health Care Trust Fund...................................... 255 255,000 42,930 Nil State of Oregon/Equity...................... 3,300 3,300,000 555,556 Nil State Street Bank Custodian for GE Pension Trust..................................... 4,200 4,200 707,071 Nil Sturgeon Limited............................ 495 495,000 83,334 Nil Susquehanna Capital Group................... 3,500 3,500,000 589,226 Nil Sylvan (IMA) Ltd. .......................... 500 500,000 84,176 Nil Syngenta AG................................. 175 175,000 29,462 Nil TD Securities (USA) Inc..................... 12,000 12,000,000 2,020,203 Nil The GCG Trust -- Equity Income Series....... 210 210,000 35,354 425,700 The Class IC Company........................ 2,090 2,090,000 351,852 Nil The Dow Chemical Company Employees' Retirement Plan(5)........................ 4,650 4,650,000 782,829 Nil The Fondren Foundation(5)................... 140 140,000 23,570 Nil The Grable Foundation....................... 99 99,000 16,667 Nil The New Economy Fund........................ 17,100 17,100,000 2,878,789 Nil The Vantagepoint Funds -- Equity Income Fund...................................... 175 175,000 29,462 200,000 TQA Master Plus Fund Ltd. .................. 1,250 1,250,000 210,438 Nil Travelers: Travelers Equity Income(6)....... 800 800,000 134,681 Nil Tribeca Investments, L.L.C. ................ 95,000 95,000,000 15,993,269 Nil T. Rowe Price Equity Income Fund, Inc. ..... 6,228 6,228,000 1,048,486 11,000,000 T. Rowe Price Value Fund, Inc. ............. 1,300 1,300,000 218,856 2,700,000 T. Rowe Price Equity Income Portfolio....... 435 435,000 73,233 863,800 9 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- T. Rowe Price Funds SICAB US Large-Cap Value Fund...................................... 35 35,000 5,893 Nil T. Rowe Price Institutional Large-Cap Value Fund...................................... 10 10,000 1,684 Nil Trustmark Insurance Company................. 285 285,000 47,980 Nil UBS AG, London Branch....................... 108,025 108,025,000 18,186,031 Nil UBS O'Connor LLC f/b/o UBS Global Convertible Portfolio..................... 1,000 1,000,000 168,351 Nil UBS O'Connor LLC f/b/o UBS Global Equity Arbitrage Fund Master Ltd. ............... 26,000 26,000,000 4,377,106 Nil UBS Warburg L.L.C. ......................... 16,577 16,577,000 2,790,742 Nil Union Carbide Retirement Account(5)......... 2,415 2,415,000 406,566 Nil United Food and Commercial Workers Local 1262 and Employers Pension Fund(5)........ 1,085 1,085,000 182,660 Nil US Allianz Growth & Income Fund............. 22 22,000 3,704 28,390 Value Line Convertible Fund Inc. ........... 250 250,000 42,088 Nil Value Realization Fund, L.P. ............... 1,870 1,870,000 314,815 Nil Van Kampen Equity Income Fund............... 13,633 13,633,000 2,295,119 3,715,600 Van Kampen Growth & Income Fund............. 5,935 5,935,000 999,159 3,925,100 Van Kampen Harbor Fund...................... 4,000 4,000,000 673,401 28,390 Van Kampen Life Investment Trust Growth & Income Portfolio.......................... 410 410,000 69,024 347,800 Variable Insurance Products Fund II: Contrafund Portfolio(6)................... 14,500 14,500,000 2,441,078 911,600 Variable Insurance Products Fund III: Balanced Portfolio(6)..................... 100 100,000 16,836 Nil Variable Insurance Products Fund: Contrafund Portfolio(6).............................. 7,400 7,400,000 1,245,792 Nil Variable Insurance Products Fund: Equity Income Portfolio(6)....................... 5,660 5,660,000 952,863 Nil Variable Insurance Products Fund: Value Portfolio(6).............................. 25 25,000 4,209 Nil Victory Convertible Fund.................... 790 790,000 132,997 Nil Vopac USA Inc., Retirement Plan (f.k.a. Van Waters & Rogers, Inc. Retirement Plan)(5).................................. 560 560,000 94,277 Nil White River Securities L.L.C. .............. 10,000 10,000,000 1,683,502 Nil Whitebox Convertible Arbitrage Partners L.P. ..................................... 7,000 7,000,000 1,178,452 Nil Wilmington Trust Company as owner and trustee for Forrestal Funding Master Trust..................................... 62,925 62,952,000 10,593,437 Nil Yield Strategies Fund I, L.P. .............. 3,350 3,350,000 563,974 Nil Yield Strategies Fund II, L.P. ............. 3,350 3,350,000 563,974 Nil Zazove Convertible Securities............... 520 520,000 87,543 Nil Zazove Hedged Convertible Fund L.P. ........ 1,350 1,350,000 227,273 Nil Zazove Income Fund L.P. .................... 1,350 1,350,000 227,273 Nil Zeneca Holdings Trust....................... 255 255 42,930 Nil 10 SHARES OF PRINCIPAL AMOUNT COMMON SHARES OF OF CONVERTIBLE SHARES OF STOCK OWNED PREFERRED SUBORDINATED COMMON PRIOR TO THIS SELLING SECURITYHOLDER(1) STOCK(2) DEBENTURES(2)(3) STOCK(4) OFFERING ------------------------- --------- ---------------- ---------- ------------- Zola Partners, L.P. ........................ 300 300,000 50,506 Nil Zurich Institutional Benchmarks Master Fund LTD c/o TQA Investors, LLC................ 640 640,000 107,745 Nil Zurich Institutional Benchmarks Master Fund Ltd. ..................................... 1,050 1,050,000 176,768 Nil Zurich Master Hedge Fund.................... 200 200,000 33,671 Nil --------------- (1) Information about other selling securityholders may be provided in prospectus supplements or post-effective amendments. (2) In each case, none of these securities were held prior to this offering. (3) Based on the principal amount of convertible subordinated debentures originally issuable in exchange for the preferred stock, calculated by reference to the initial liquidation preference of the preferred stock of $1,000.00 per share. The principal amount is subject to increase as a result of increases in the liquidation preference of the preferred stock to reflect the accretion of unpaid dividends. See "Description of Preferred Stock -- Exchange Right" in the accompanying prospectus. (4) Based on the shares of common stock originally issuable upon exercise of the conversion privilege attached to the preferred stock or the convertible subordinated debentures with fractions rounded up to the nearest whole share. The number of shares of common stock so issuable is subject to increase as a result of antidilution adjustments and, in the case of conversion of the preferred stock, increases in the liquidation preference of the preferred stock to reflect the accretion of unpaid dividends. No fractional shares of common stock will be issued upon conversion of the preferred stock. Instead of issuing fractional shares, we will deliver scrip that will entitle the holder to receive a full share upon surrender of such scrip aggregating a full share. See "Description of Preferred Stock -- Conversion Rights" and Description of the Convertible Subordinated Debentures -- Conversion," in the accompanying prospectus. (5) The selling securityholder has advised us as follows: CALAMOS Asset Management, Inc. acts as investment manager with respect to the selling securityholder and as such has shared voting and investment power with respect to the securities owned by the selling securityholder. (6) The selling securityholder has advised us as follows: That it is either an investment company or a portfolio of an investment company registered under Section 8 of the Investment Company Act of 1940, as amended, or a private investment account advised by Fidelity Management & Research Company, which we refer to as FMR Co. FMR Co. is a Massachusetts corporation and an investment advisor registered under Section 203 of the Investment Advisers Act of 1940, as amended, and provides investment advisory services to the selling securityholder, and to other registered investment companies and to certain other funds which are generally offered to a limited group of investors. FMR Co. is a wholly owned subsidiary of FMR Corp., a Massachusetts corporation. (7) Securities indicated as owned by this selling securityholder represent in aggregate less than 1% of the securities offered and are owned directly by private investment accounts, primarily employee benefit plans for which this selling securityholder serves as trustee or managing agent. This selling securityholder is a wholly owned subsidiary of FMR Corp. and a bank as defined in Section 3(a)(6) of the Exchange Act. Unless otherwise disclosed in the footnotes to the table above, no selling securityholder has, or within the past three years has had, any position, office or other material relationship with us or any or our predecessors or affiliates. Our common stock trades on the New York Stock Exchange under the symbol "LU". On August 27, 2002, the closing sale price of our common stock was $1.89 per share. 11 INVESTING IN OUR PREFERRED STOCK, CONVERTIBLE SUBORDINATED DEBENTURES OR OUR COMMON STOCK INVOLVES RISKS. "RISK FACTORS" BEGINS ON PAGE 9 OF THE ACCOMPANYING PROSPECTUS. NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT OR THE PROSPECTUS WHICH ACCOMPANIES THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The date of this prospectus supplement August 28, 2002 12