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

Jan 26, 2012

31096_dirs_2012-01-26_e5355c37-28a9-4695-a79d-7647f50c5580.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: Hanley Joseph R (VP-Technology Planning Service)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-24 Special Common Shares J 6676.203 Disposed 0 Direct
2012-01-24 Common Shares J 6676.203 Acquired 6676.203 Direct
2012-01-24 Common Shares J 897.086 Disposed 0 Direct
2012-01-24 Common Shares J 975 Acquired 7651.203 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-24 Option (Right to Buy) $38.00 J 10669 Disposed 2016-06-19 Special Common Shares (10669) Direct
2012-01-24 Option (Right to Buy) $38.00 J 10669 Acquired 2016-06-19 Common Shares (10669) Direct
2012-01-24 Option (Right to Buy) $59.45 J 14448 Disposed 2017-07-02 Special Common Shares (14448) Direct
2012-01-24 Option (Right to Buy) $59.45 J 14448 Acquired 2017-07-02 Common Shares (14448) Direct
2012-01-24 Option (Right to Buy) $35.35 J 19000 Disposed 2018-08-26 Special Common Shares (19000) Direct
2012-01-24 Option (Right to Buy) $35.35 J 19000 Acquired 2018-08-26 Common Shares (19000) Direct
2012-01-24 Option (Right to Buy) $26.95 J 24400 Disposed 2019-05-20 Special Common Shares (24400) Direct
2012-01-24 Option (Right to Buy) $26.95 J 24400 Acquired 2019-05-20 Common Shares (24400) Direct
2012-01-24 Option (Right to Buy) $26.66 J 22800 Disposed 2020-05-25 Special Common Shares (22800) Direct
2012-01-24 Option (Right to Buy) $26.66 J 22800 Acquired 2020-05-25 Common Shares (22800) Direct
2012-01-24 Option (Right to Buy) $29.94 J 21000 Disposed 2021-05-13 Special Common Shares (21000) Direct
2012-01-24 Option (Right to Buy) $29.94 J 21000 Acquired 2021-05-13 Common Shares (21000) Direct
2012-01-24 Restricted Stock Units $ J 3000 Disposed 2012-12-15 Special Common Shares (3000) Direct
2012-01-24 Restricted Stock Units $ J 3000 Acquired 2012-12-15 Common Shares (3000) Direct
2012-01-24 Restricted Stock Units $ J 2900 Disposed 2013-12-02 Special Common Shares (2900) Direct
2012-01-24 Restricted Stock Units $ J 2900 Acquired 2013-12-02 Common Shares (2900) 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.