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

Feb 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2017-02-19

Reporting Person: BURCH KEN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-19	Common	A	513	—	Acquired	440804.2085	Direct
2017-02-19	Common	F	157	$29	Disposed	440647.2085	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-19	Restricted Stock Units	$	M	513	Disposed	2017-02-19	Common Stock (513)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	1134	Indirect

Footnotes

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

F2: The restricted stock unit vest 1/3 on each the first, second and third anniversary subject to the continuous service on the Board of Directors of 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.