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TELEPHONE & DATA SYSTEMS INC /DE/ Director's Dealing 2012

Jan 26, 2012

31096_dirs_2012-01-26_6c5ebc74-88f2-4b49-9436-fd63a4574d11.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2012-01-24

Reporting Person: WILLIAMSON SCOTT H (Senior Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-24 Special Common Shares J 34602 Disposed 0 Direct
2012-01-24 Common Shares J 34602 Acquired 34602 Direct
2012-01-24 Common Shares J 5551 Disposed 0 Direct
2012-01-24 Common Shares J 6033 Acquired 40635 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-24 Option (Right to Buy) $77.36 J 24493 Disposed 2015-04-20 Common and Special Common Shares (24493) Direct
2012-01-24 Option (Right to Buy) $37.07 J 51116.891 Acquired 2015-04-20 Common Shares (51116.891) Direct
2012-01-24 Option (Right to Buy) $38.00 J 75122 Disposed 2016-06-19 Special Common Shares (75122) Direct
2012-01-24 Option (Right to Buy) $38.00 J 75122 Acquired 2016-06-19 Common Shares (75122) Direct
2012-01-24 Option (Right to Buy) $59.45 J 56998 Disposed 2017-07-02 Special Common Shares (56998) Direct
2012-01-24 Option (Right to Buy) $59.45 J 56998 Acquired 2017-07-02 Common Shares (56998) Direct
2012-01-24 Option (Right to Buy) $35.35 J 68500 Disposed 2018-08-26 Special Common Shares (68500) Direct
2012-01-24 Option (Right to Buy) $35.35 J 68500 Acquired 2018-08-26 Common Shares (68500) Direct
2012-01-24 Option (Right to Buy) $26.95 J 90700 Disposed 2019-05-20 Special Common Shares (90700) Direct
2012-01-24 Option (Right to Buy) $26.95 J 90700 Acquired 2019-05-20 Common Shares (90700) Direct
2012-01-24 Option (Right to Buy) $26.66 J 91200 Disposed 2020-05-25 Special Common Shares (91200) Direct
2012-01-24 Option (Right to Buy) $26.66 J 91200 Acquired 2020-05-25 Common Shares (91200) Direct
2012-01-24 Option (Right to Buy) $29.94 J 80800 Disposed 2021-05-13 Special Common Shares (80800) Direct
2012-01-24 Option (Right to Buy) $29.94 J 80800 Acquired 2021-05-13 Common Shares (80800) Direct
2012-01-24 Restricted Stock Units $ J 11700 Disposed 2012-12-15 Special Common Shares (11700) Direct
2012-01-24 Restricted Stock Units $ J 11700 Acquired 2012-12-15 Common Shares (11700) Direct
2012-01-24 Restricted Stock Units $ J 11300 Disposed 2013-12-02 Special Common Shares (11300) Direct
2012-01-24 Restricted Stock Units $ J 11300 Acquired 2013-12-02 Common Shares (11300) Direct

Footnotes

F1: Pursuant to a reclassification exempt under Rule 16b-3 and Rule 16b-7, each Special Common Share was reclassified into one Common Share, each Common Share was reclassified into 1.087 Common Shares, and each Series A Common Share was reclassified into 1.087 Series A Common Shares, and each stock award relating to such shares was appropriately adjusted.

F2: Granted under the 2004 Long Term Incentive Plan. Options vest over a 3 year period with one-third vesting on the first annual anniversary, one-third on the second annual anniversary and one-third on the third annual anniversary.

F3: Restricted stock that vests on Dec. 15, 2012

F4: Restricted stock that vests on Dec. 2, 2013.