Joseph R. Hanley - 23 May 2021 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
SVP-Technology, Srvs & Strateg
Signature
Julie D. Mathews, by power of atty
Issuer symbol
TDS
Transactions as of
23 May 2021
Net transactions value
-$58,166
Form type
4
Filing time
25 May 2021, 13:31:07 UTC
Previous filing
21 May 2021
Next filing
27 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +7,788 +57% $0.000000 21,559 23 May 2021 Direct F1
transaction TDS Common Tax liability $58,166 -2,281 -11% $25.50 19,278 23 May 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 -7,788 -100% $0.000000* 0 23 May 2021 Common Shares 7,788 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units awarded pursuant to the 2011 Long Term Incentive Plan. Stock units became vested on 5/23/21.
F2 Shares withheld to pay taxes on restricted stock units that vested on 5/23/21.
F3 The market was closed on vest date therefore the previous trading day's close, May 21, 2021, was used to value the transaction.