SHENANDOAH TELECOMMUNICATIONS CO/VA/ — Director's Dealing 2017

Dec 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2017-12-13

Reporting Person: Woodward James F (Sr VP-Finance & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-13	Incentive Stock Option	$35.10	A	6524	Acquired	2027-12-13	Common Stock (6524)	Direct
2017-12-13	Restricted Stock Unit	$	A	3561	Acquired	2021-12-13	Common (3561)	Direct

Footnotes

F1: The option will vest one-fifth on each of the third through seventh anniversaries. 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.

F2: Each restricted stock unit represents a contingent right to receive one share of common stock.

F3: The restricted stock unit will vest one-fourth on each of the first through fourth anniversaries of the grant 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 recovery policy.