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

Apr 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2017-04-13

Reporting Person: OSTROSKI RAYMOND B (VP Legal & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-13	Common Stock	A	15550	$6.92	Acquired	28367.9135	Direct
2017-04-13	Common Stock	F	3747	$31.05	Disposed	24620.9135	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-13	Incentive Stock Option	$6.92	X	15550	Disposed	2020-02-17	Common Stock (15550)	Direct

Footnotes

F1: The option vests one-fourth on each the third, fourth, fifth and sixth anniversary. The option 9and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation policy.