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: 2018-08-06

Reporting Person: MEYERS KENNETH R (Director, President of a subsidiary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-06	Common shares	M	225300	$20.79	Acquired	266148	Direct
2018-08-06	Common Shares	M	177319	$22.60	Acquired	443467	Direct
2018-08-06	Common Shares	F	342506	$29.53	Disposed	100961	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-06	Common Shares	$20.79	M	225300	Disposed	2022-05-16	Common Shares (225300)	Direct
2018-08-06	Common Shares	$22.60	M	177319	Disposed	2023-05-10	Common Shares (177319)	Direct

Footnotes

F1: Shares withheld to pay for exercise price (294,324 shares) and tax liability (48,182 shares).

F2: Granted on May 16, 2012, and became exercisable with respect to a third of such option on each of May 16, 2013, May 16, 2014 and May 16, 2015.

F3: Option exercise