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

Jan 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2019-01-18

Reporting Person: CARLSON LEROY T JR (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-07	Common Shares	G	12835	—	Disposed	99008	Direct
2019-01-18	Common Shares	M	250000	$26.66	Acquired	349000	Direct
2019-01-18	Common Shares	F	211268	$36.30	Disposed	137740	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-18	Option (Right to buy)	$26.66	M	250000	Disposed	2020-05-25	Common Shares (250000)	Direct

Footnotes

F1: By gift

F2: Includes 3,768 shares owned by children. Reporting person disclaims beneficial ownership of shares owned by children.

F3: Shares withheld to pay for exercise price (183,609) and taxes (27,659).

F4: Currently exercisable