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

Feb 18, 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: McKay Edward H (SR VP- Eng & Network Planning)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-16	Restricted Stock Units	$	A	3252	Acquired	2020-02-20	Common Stock (3252)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of commons stock.

F2: The restricted stock units vest 1/4 on the third Thursday of each February beginning in 2017 subject to the continuous employment by the Company or one of its affiliates until the date of vesting. Vested shares will be delivered to the reporting person on the vesting date. The restricted stock units are subject to forfeiture in accordance with the Company's executive compensation policy.