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

Jan 18, 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: MEYERS KENNETH R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-10	Common Shares	S	80465	$29.90	Disposed	20618	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-31	Deferred Compensation	$	J	751	Acquired		Common Shares (38943)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	5705	Indirect
Common Shares	1043	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (Right to buy)	$26.95	2019-05-20	Common Shares (129400)	129400	Direct
Option (Right to buy)	$26.66	2020-05-25	Common Shares (132500)	132500	Direct
Option (Right to buy)	$29.94	2021-05-13	Common Shares (121200)	121200	Direct

Footnotes

F1: Reporting person deferred bonuses pursuant to the Long Term Incentive Plans. These shares are fully vested.

F2: Granted under the Long-term Incentive Plan. Options are currently exercisable.

F3: Voluntary reporting of shares acquired in the TDS 401K plan. The information is based on a plan statement dated 12/31/18. The number of shares fluctuates and is attributable to the price of the shares on 12/31/18.