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

Aug 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2018-08-09

Reporting Person: SEREDA PETER L (Senior VP-Finance & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-09	Common Shares	M	6490	$26.95	Acquired	17488	Direct
2018-08-09	Common Shares	S	6490	$30.66	Disposed	10998	Direct
2018-08-10	Common Shares	M	25480	$26.95	Acquired	36478	Direct
2018-08-10	Common Shares	S	25480	$30.02	Disposed	10998	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-09	Option (Right to buy)	$26.95	M	6490	Disposed	2019-05-21	Common Shares (6490)	Direct
2018-08-10	Option (Right to buy)	$26.95	M	25480	Disposed	2019-05-21	Common Shares (25480)	Direct

Footnotes

F1: Currently exercisable