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

May 13, 2015

31096_dirs_2015-05-13_f54636f7-1006-4375-9027-6801b135f2c5.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: 2015-05-11

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

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2015-05-11 Option (Right to buy) $29.26 A 263100 Acquired 2025-05-11 Common shares (263100) Direct
2015-05-11 Restricted stock units $ A 51761 Acquired Common Shares (51761) Direct

Footnotes

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.