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

Jan 8, 2019

31096_dirs_2019-01-08_74af4176-4fa1-4957-a9b4-d06c8ca68bc6.zip

Director's Dealing

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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: Carlson Prudence E (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 55122 Direct
Common Shares 1728005 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Common Shares $ Common Shares (197661) 197661 Direct
Series A Common $ Common Shares (1879733) 1879733 Indirect

Footnotes

F1: Reporting person is one of four trustees of a voting trust which is record owner of these common shares and which files its holdings on a Form 4. Of these shares, 39,680 common shares held for the benefit of spouse and children. Includes 555,487.34 in reporting person's name and 443,740 in reporting person's Grantor Retained Annuity Trust (GRAT) both held for the benefit of the reporting person and 689,098 held by family partnerships of which reporting person is a general partner. Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person.

F2: Reporting person is one of four trustees of a voting trust which is record owner of these Series A Common shares and which files its holdings on a Form 4. Of these shares, 36,066 Series A common shares held for the benefit of spouse and children. Includes 1,843,667 shares which are held by family partnerships of which reporting person is a general partner. Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person.

F3: Series A Common shares are convertible on a share for share basis into common.

F4: On Oct 19, the reporting person transferred voting trust certificates representing 527,075 common shares from reporting person's GRAT to reporting person individually. The reporting person previously reported all securities held in her name and through a GRAT. Accordingly, the transfer of voting trust certificates did not result in any change in the number of securities reported as beneficially owned by the reporting person.