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TELEPHONE & DATA SYSTEMS INC /DE/ Director's Dealing 2014

Dec 3, 2014

31096_dirs_2014-12-03_67db26a9-cc48-4a69-90c0-1285e97be26e.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: 2014-12-01

Reporting Person: Wittwer David A (President of a subsidiary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2014-12-01 Common Shares M 23500 Acquired 41152 Direct
2014-12-01 Common Shares F 8225 $25.13 Disposed 32927 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-12-01 Restricted Stock Units $ M 23500 Disposed Common shares (23500) Direct

Footnotes

F1: Restricted stock units awarded pursuant to the long term incentive plan. Stock units became vested on Dec. 1, 2014.

F2: Shares withheld to pay taxes on restricted stock units that vested on Dec. 1, 2014.