TELEPHONE & DATA SYSTEMS INC /DE/ - Director's Dealing 2019

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2018-12-31

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-06	Common Shares	S	8388	$29.19	Disposed	8109	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (Right to Buy)	$29.45	2026-08-15	Common Shares (54100)	54100	Direct
Option (Right to Buy)	$27.79	2027-05-24	Common Shares (60835)	60835	Direct
Option (Right to Buy)	$25.70	2028-05-22	Common Shares (73723)	73723	Direct
Restricted Stock Units	$	2019-05-11	Common Shares (10994)	10994	Direct
Restricted Stock Units	$	2020-05-24	Common Shares (15531)	15531	Direct
Restricted Stock Units	$	2021-05-23	Common Shares (18817)	18817	Direct

F1: Restricted stock units awarded pursuant to the 2011 Long Term Incentive Plan. Stock units become vested on third anniversary.

F2: Vests on the third anniversary