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

Jan 26, 2012

31096_dirs_2012-01-26_5d1e37ba-6ba8-47cd-88c2-25d82c8e9a27.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: Wittwer David A (President of a subsidiary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-01-24 Special Common Shares J 9304 Disposed 0 Direct
2012-01-24 Common Shares J 9304 Acquired 9304 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-24 Option (Right to Buy) $38.00 J 35364 Disposed 2016-06-19 Special Common Shares (35364) Direct
2012-01-24 Option (Right to Buy) $38.00 J 35364 Acquired 2016-06-19 Common Shares (35364) Direct
2012-01-24 Option (Right to Buy) $59.45 J 43077 Disposed 2017-07-02 Special Common Shares (43077) Direct
2012-01-24 Option (Right to Buy) $59.45 J 43077 Acquired 2017-07-02 Common Shares (43077) 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 89500 Disposed 2019-05-20 Special Common Shares (89500) Direct
2012-01-24 Option (Right to Buy) $26.95 J 89500 Acquired 2019-05-20 Common Shares (89500) Direct
2012-01-24 Option (Right to Buy) $26.66 J 92800 Disposed 2020-05-25 Special Common Shares (92800) Direct
2012-01-24 Option (Right to Buy) $26.66 J 92800 Acquired 2020-05-25 Common Shares (92800) Direct
2012-01-24 Option (Right to Buy) $29.94 J 89600 Disposed 2021-05-13 Special Common Shares (89600) Direct
2012-01-24 Option (Right to Buy) $29.94 J 89600 Acquired 2021-05-13 Common Shares (89600) Direct
2012-01-24 Restricted Stock Units $26.66 J 12200 Disposed 2012-12-15 Special Common Shares (12200) Direct
2012-01-24 Restricted Stock Units $26.66 J 12200 Acquired 2012-12-15 Common Shares (12200) Direct
2012-01-24 Restricted Stock Units $29.94 J 15900 Disposed 2013-12-02 Special Common Shares (15900) Direct
2012-01-24 Restricted Stock Unit $29.94 J 15900 Acquired 2013-12-02 Common Shares (15900) 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 vesting on the second annual anniversary and one-third vesting on the third annual anniversary.