TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2022

Jan 20, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2021-12-31

Reporting Person: CARLSON LETITIA G C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-09	Common Shares	G	484410	—	Disposed	1844952	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-09	Series A Common Shares	$	G	242205	Disposed		Common Shares (242205.0)	Indirect
2021-12-29	Series A Common Shares	$	G	4428	Disposed		Common Shares (4428.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	48308	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Common Shares	$		Common Shares (1166.0)	1166	Direct

Footnotes

F1: Reporting person gifted shares to a trust that her spouse is trustee and her children are the beneficiaries.

F2: 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. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Includes 690,604 Common Shares held by a family partnership of which reporting person is a general partner.

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

F4: 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. The shares reported are held by respective reporting person and her family members that have a pecuniary interest in such securities. Includes 752,615 Series A Common Shares held by a family partnership of which reporting person is a general partner.

F5: Gift to children.