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

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2018-01-01

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

Security	Shares	Ownership
Common Shares	8388	Direct

Security	Exercise Price	Expiration	Underlying	Ownership
Option (Right to buy)	$35.35	2018-05-21	Common Shares (38125)	Direct
Option (Right to buy)	$29.94	2021-05-13	Common Shares (37600)	Direct
Option (Right to buy)	$26.83	2024-05-16	Common Shares (37280)	Direct
Option (Right to buy)	$29.26	2025-05-11	Common Shares (42826)	Direct
Option (Right to buy)	$29.45	2026-08-15	Common Shares (54100)	Direct
Option (Right to buy)	$27.79	2027-05-24	Common Shares (60835)	Direct
Restricted Stock Units	$	2018-05-11	Common Shares (11924)	Direct
Restricted Stock Units	$	2019-05-11	Common Shares (10994)	Direct
Restricted Stock Units	$	2020-05-24	Common Shares (15531)	Direct

F1: Currently exercisable

F2: Restricted stock units granted under the long term incentive plan that vest on the third anniversary of the grant date.

F3: Granted under the long term incentive plan