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

Jan 14, 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 WALTER CD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-09	Common Shares	G	772286	—	Disposed	1985858	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-09	Series A Common Shares	$	G	280955	Disposed		Common Shares (280955.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	67932	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Common Shares	$		Common Shares (1311.0)	1311	Direct

Footnotes

F1: Reporting person individually gifted to family limited partnership. Reporting person previously reported all shares held by family partnership. Accordingly the gift did not result in a change in the number of securities reported as beneficially owned by reporting person.

F2: Reporting person is one of four trustees which is record owner of these shares which files its holdings on Forms 4. The shares reported are held by respective reporting person and his 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 which is record owner of these shares which files its holdings on Forms 4. The shares reported are held by respective reporting person and his family members which 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.