SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2012

May 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2012-05-04

Reporting Person: BURCH KEN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-04	Common	A	13.4529	$11.15	Acquired	227669.7181	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	567	Indirect

Footnotes

F1: Shares received in lieu of director fees.