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

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK: 0000354963
Period of Report: 2017-05-26

Reporting Person: FRENCH CHRISTOPHER E (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-26	Common Stock	J	11983	—	Disposed	137984	Indirect
2017-05-26	Common Stock	J	49742	—	Disposed	316484	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	146213	Direct
Common Stock	64296	Indirect
Common Stock	13668	Indirect
Common Stock	345000	Indirect
Common Stock	339966	Indirect
Common Stock	146249	Indirect
Common Stock	339966	Indirect
Common Stock	6480	Indirect

Footnotes

F1: Distribution from trust to beneficiary.

F2: These shares are held in trust for the benefit of certain relatives of Mr. French. Mr. French disclaims beneficial ownership of the shares as to which he has no pecuniary interest and this filing is not an admission that Mr. French is the beneficial owner of such shares.