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

Jan 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2019-01-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-24	Common shares	M	129400	$26.95	Acquired	150018	Direct
2019-01-24	Common shares	M	132500	$26.66	Acquired	282518	Direct
2019-01-24	Common Shares	M	121200	$29.94	Acquired	403718	Direct
2019-01-24	Common Shares	F	331413	$36.72	Disposed	72305	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-24	Common Shares	$26.95	M	129400	Disposed	2019-05-21	Common Shares (129400)	Direct
2019-01-24	Common Shares	$26.66	M	132500	Disposed	2019-05-25	Common Shares (132500)	Direct
2019-01-24	Common Shares	$29.94	M	121200	Disposed	2021-05-13	Common Shares (121200)	Direct

Footnotes

F1: Shares withheld to pay for exercise price (289,992 shares) and tax liability (41,421 shares).

F2: Currently exercisable