Peter L. Sereda - May 23, 2021 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
Senior VP-Finance
Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
May 23, 2021
Transactions value $
-$96,059
Form type
4
Date filed
5/25/2021, 01:05 PM
Previous filing
May 21, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +12.9K +33.79% $0.00 50.9K May 23, 2021 Direct F1
transaction TDS Common Shares Tax liability -$96.1K -3.77K -7.4% $25.50 47.1K May 23, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TDS Restricted Stock Units Options Exercise $0 -12.9K -100% $0.00* 0 May 23, 2021 Common Shares 12.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock unit award pursuant to the 2011 Long Term Incentive Plan. Stock units became vested on May 23, 2021.
F2 Shares withheld to pay taxes on restricted stock units that vested on May 23, 2021.
F3 The market was closed on vest date therefore the previous trading day's close, May 21, 2021, was used to value the transaction.