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

Aug 9, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Chambers Douglas W (Senior VP-Finance & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-08	Common Shares	M	4340	$26.95	Acquired	10545	Direct
2018-08-08	Common Shares	S	4340	$29.40	Disposed	6205	Direct
2018-08-09	Common Shares	S	5532	$30.59	Disposed	673	Direct
2018-08-08	Common Shares	S	680	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-08	Option	$26.95	M	4340	Disposed	2019-05-20	Common Shares (4340)	Direct

Footnotes

F1: Currently exercisable

F2: The 401(k) fund price is not aligned with market price as there is a cash component for 401(k) liquidity purposes. Reporting person received a $32.14 fund price on his 680 units in the 401(k) plan.