SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2016

Feb 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2016-02-16

Reporting Person: Skolits Adele M (VP Finance &Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-16	Common Stock	A	8086	$12.63	Acquired	53176.024	Direct
2016-02-16	Common Stock	F	5977	$21.90	Disposed	47199.024	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-16	Incentive Stock Option	$12.63	X	8086	Disposed	2016-02-16	Common Stock (8086)	Direct

Footnotes

F1: On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person 's acquisition of 22,545.012 additional shares of common stock.

F2: The option vests 1/4 on each the first, second, third and fourth anniversary. The option (and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation recovery policy.