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Director's Dealing 2018

Aug 20, 2018

Director's Dealing

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Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2018-08-16

Reporting Person: Butman James W (Director, President & CEO of subsidiary)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-16	Common Shares	M	24064	$26.83	Acquired	40561	Direct
2018-08-16	Common Shares	S	24064	$30.41	Disposed	16497	Direct
2018-08-17	Common Shares	M	13216	$26.83	Acquired	29713	Direct
2018-08-17	Common Shares	S	13216	$30.46	Disposed	16497	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-16	Option (Right to Buy)	$26.83	M	24064	Disposed	2024-05-16	Common Shares (24064)	Direct
2018-08-17	Option (Right to Buy)	$26.83	M	13216	Disposed	2024-05-16	Common Shares (13216)	Direct

F1: Currently exercisable