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

Jan 20, 2015

31096_dirs_2015-01-20_3c33015c-2392-45ae-90ca-38297c6e8dfd.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: 2014-12-31

Reporting Person: Shuma Douglas D (Sr VP & Corporate Controller)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2014-12-31 Deferred Compensation $ J 120 Acquired Common Shares (5777) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 13933 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Option (Right to buy) $35.35 2018-08-26 Common Shares (15300) 15300 Direct
Option (Right to buy) $29.94 2021-05-13 Common Shares (21500) 21500 Direct
Option (Right to buy) $20.79 2022-05-15 Common Shares (24533) 24533 Direct
Option (Right to buy) $22.60 2023-05-10 Common Shares (29814) 29814 Direct
Option (Right to buy) $26.83 2024-05-16 Common Shares (25411) 25411 Direct
Restricted Stock Units $ 2016-05-10 Common Shares (5486) 5486 Direct
Restricted Stock Units $ 2017-05-16 Common Shares (5638) 5638 Direct

Footnotes

F1: Granted under the 2004 Long Term Incentive Plan. Options vest over a 3 year period with one-third of the number of shares becoming exercisable on Aug. 26, 2009, one-third becoming exercisable on Aug. 26, 2010 and one-third becoming exercisable on Aug. 26, 2011.

F2: Granted under the 2004 Long Term Incentive Plan. Options vest over a 3 year period with one-third of the number of shares becoming exercisable on the first anniversary, one-third on the second annual anniversary and one-third on the third annual anniversary.

F3: Reporting person deferred performance bonuses pursuant to the Long Term Incentive Plans. At Dec. 31, 2014, a total of 5,777 were vested.

F4: Granted under the 2011 Long Term Incentive Plan. Options vest over a 3 year period with one-third of the number of shares becoming exercisable on the first anniversary, one-third on the second annual anniversary and one-third on the third annual anniversary. Reporting person previously exercised 12,267 shares.

F5: Granted under the the 2011 Long-Term Incentive Plan. Options vest on the third annual anniversary.

F6: Restricted stock units pursuant to the 2011 Long Term Incentive Plan. Stock units will become vested on the third annual anniversary.