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

Jan 26, 2012

31096_dirs_2012-01-26_76945d2e-688f-41df-98cb-f5af8731008e.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: SEREDA PETER L (Senior VP & Treasurer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-24 Special Common Shares J 10412 Disposed 0 Direct
2012-01-24 Common Shares J 10412 Acquired 10412 Direct
2012-01-24 Common Shares J 2261 Disposed 0 Direct
2012-01-24 Common Shares J 2457 Acquired 12869 Direct
2012-01-24 Special Common Shares J 265.53 Disposed 0 Indirect
2012-01-24 Common Shares J 255.09 Disposed 0 Indirect
2012-01-24 Common Shares J 539.7 Acquired 539.7 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-24 Options (Right to Buy) $59.45 J 22349 Disposed 2017-07-02 Special Common Shares (22349) Direct
2012-01-24 Option (Right to Buy) $59.45 J 22349 Acquired 2017-07-02 Common Shares (22349) Direct
2012-01-24 Option (Right to Buy) $35.35 J 33180 Disposed 2018-08-26 Special Common Shares (33180) Direct
2012-01-24 Option (Right to Buy) $35.35 J 33180 Acquired 2018-08-26 Common Shares (33180) Direct
2012-01-24 Option (Right to Buy) $26.95 J 31970 Disposed 2019-05-20 Special Common Shares (31970) Direct
2012-01-24 Option (Right to Buy) $26.95 J 31970 Acquired 2019-05-20 Common Shares (31970) Direct
2012-01-24 Option (Right to Buy) $26.66 J 33500 Disposed 2020-05-25 Special Common Shares (33500) Direct
2012-01-24 Option (Right to Buy) $26.66 J 33500 Acquired 2020-05-20 Common Shares (33500) Direct
2012-01-24 Option (Right to Buy) $29.94 J 31700 Disposed 2021-05-13 Special Common Shares (31700) Direct
2012-01-24 Option (Right to Buy) $29.94 J 31700 Acquired 2021-05-13 Common Shares (31700) Direct
2012-01-24 Restricted Stock Units $ J 4600 Disposed 2012-12-15 Special Common Shares (4600) Direct
2012-01-24 Retricted Stock Units $ J 4600 Acquired 2012-12-15 Common Shares (4600) Direct
2012-01-24 Restricted Stock Units $ J 4500 Disposed 2013-12-02 Special Common Shares (4500) Direct
2012-01-24 Restricted Stock Units $ J 4500 Acquired 2013-12-02 Common Shares (4500) 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 of the number of shares becoming exercisable on the first annual anniversary, one-third on the second annual anniversary and one-third on the third annual anniversary.

F3: Share equivalents held in the TDS 401K plan. The number of shares fluctuates and is attributable to the price of the shares on Jan. 25, 2012.

F4: Share equivalents held in the TDS 401K plan. The number of shares fluctuates and is attributable to the price of the shares on Dec. 31, 2011.

F5: Restricted stock units vest on Dec. 15, 2012.

F6: Restricted stock units vest on Dec. 2, 2013.