Joseph R. Hanley - May 23, 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
Stock symbol
TDS
Transactions as of
May 23, 2021
Transactions value $
-$58,166
Form type
4
Date filed
5/25/2021, 01:31 PM
Previous filing
May 21, 2021
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +7.79K +56.55% $0.00 21.6K May 23, 2021 Direct F1
transaction TDS Common Tax liability -$58.2K -2.28K -10.58% $25.50 19.3K 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 -7.79K -100% $0.00* 0 May 23, 2021 Common Shares 7.79K 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.