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

Jan 17, 2012

31096_dirs_2012-01-17_d295d3b7-8113-40db-b5f4-3457ef6a3b52.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2011-12-31

Reporting Person: CARLSON LETITIA G C (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 2243.64 Direct
Special Common Shares 9981.03 Direct
Special Common Shares 1840310.78 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Common Shares $ Common Shares or Special Common Shares (1848420.48) 1848420.48 Indirect
Series A Common Shares $ Common Shares or Special Common Shares (1009.46) 1009.46 Direct

Footnotes

F1: Series A Common shares are convertible, on a share-for-share basis, into common and special common.

F2: Reporting person is one of four trustees of a voting trust which is record owner of these Series A Common shares and which files its holdings on a form 4. Of these shares, 5500.64 (77.64 earned pursuant to a dividend reinvestment plan) are owned by husband, 109,982.15 ( 25,021.15 earned pursuant to a dividend reinvestment plan) are held by husband as custodian for children and 687,337.39 (17,340.39 earned pursuant to a dividend reinvestment plan) were contributed to a family partnership of which reporting person is a general partner. Reporting person disclaims beneficial ownership of the shares owned by husband and the shares held as custodian for children. Includes 2262.96 shares acquired pursuant to a dividend reinvestment plan.

F3: Reporting person is one of four trustees of a voting trust which is record owner of these Special Common shares and which files its holdings on a form 4. Of these shares, 5498.67 (75.67 earned pursuant to a dividend reinvestment plan) are owned by husband, 92189.70 (11,779.70 earned pursuant to a dividend reinvestment plan) are held by husband as custodian for children and 685,962.47 (15965.47 earned pursuant to a dividend reinvestment plan) were contributed to a family partnership of which reporting person is a general partner. Reporting person disclaims beneficial ownership of the shares owned by husband and the shares held as custodian for children. Includes 8771.61 shares acquired pursuant to a dividend reinvestment plan.