TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2018

Aug 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2018-08-07

Reporting Person: THAUS KURT B (Senior VP - CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-07	Common Shares	M	26500	$26.95	Acquired	39274	Direct
2018-08-07	Common Shares	S	26500	$29.48	Disposed	12774	Direct
2018-08-07	Common Shares	S	8659	$29.49	Disposed	4115	Direct
2018-08-08	Common Shares	S	4115	$30.19	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-07	Option (Right to Buy)	$26.95	M	26500	Disposed	2019-05-20	Common Shares (26500)	Direct

Footnotes

F1: Currently exercisable. Granted under the 2011 Long-Term Incentive Plan.