TELEPHONE & DATA SYSTEMS INC /DE/ - Director's Dealing 2015

SEC Form 4/A — Form 4/A

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2015-05-11

Reporting Person: CARLSON LEROY T JR (Director, President and CEO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-17	Common Shares	G	1500	—	Disposed	69980	Direct
2015-03-23	Common Shares	G	7700	—	Disposed	62280	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-11	Option (Right to buy)	$29.26	A	236100	Acquired	2025-05-11	Common shares (236100)	Direct
2015-05-11	Restricted stock units	$	A	51761	Acquired		Common Shares (51761)	Direct

F1: Restricted stock units award pursuant to the long term incentive plan. Stock units will become vested on third anniversary.

F2: Granted under the 2011 Long-Term Incentive Plan. Options vest on the third annual anniversary.

F3: By gift

F4: Includes 3,768 shares owned by children. Reporting person disclaims beneficial ownership of shares owned by children.