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TELEPHONE & DATA SYSTEMS INC /DE/ Director's Dealing 2021

May 12, 2021

31096_dirs_2021-05-12_ef2f7850-1206-4c0a-89ce-2e5a423d7d7e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2021-05-10

Reporting Person: Sugarman Gary L (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-05-10 Common Shares S 10413 $25.80 Disposed 32661 Direct

Footnotes

F1: The reporting person's sale of TDS Common Shares reported herein was matchable under Section 16(b) of the Securities Exchange Act to the extent of 300 shares with the reporting person's purchase of 300 TDS Common Shares at a price of $17.93 on February 22, 2021. The reporting person disgorged $2,364 to TDS on May 11, 2021, representing the full amount of the profit realized in connection with the short-swing transaction.

F2: The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.80 and $25.81. The reporting person undertakes to provide to the SEC, the Issuer and any security holder, the full information regarding the number of shares and the prices at which the shares were sold.