TELEPHONE & DATA SYSTEMS INC /DE/ — Director's Dealing 2023

Jan 19, 2023

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2022-12-31

Reporting Person: Carlson Prudence E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-16	Common Shares	Z	70698	—	Acquired	223351	Direct
2022-06-16	Common Shares	Z	70698	—	Disposed	1582674	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Common Shares	$		Common Shares (1890251.0)	1890251	Indirect
Series A Common Shares	$		Common Shares (199821.0)	199821	Direct

Footnotes

F1: Reporting person withdrew shares from the Voting Trust. Ownership went from indirect to direct.

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 691,720 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.

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 753,934 Series A Common Shares held by a family partnership of which reporting person is a general partner.