Leroy T Jr Carlson - May 23, 2021 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
President and CEO, Director
Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
May 23, 2021
Transactions value $
-$612,510
Form type
4
Date filed
5/25/2021, 02:09 PM
Previous filing
May 20, 2021
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +57.3K +142.76% $0.00 97.4K May 23, 2021 Direct F1, F2
transaction TDS Common Shares Tax liability -$613K -24K -24.67% $25.50 73.4K May 23, 2021 Direct F2, F3, F4

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 -57.3K -100% $0.00* 0 May 23, 2021 Common Shares 57.3K 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. Restricted stock units that became vested on May 23, 2021.
F2 Includes 3768 shares owned by children. Reporting person disclaims beneficial ownership of shares owned by children.
F3 Shares withheld to pay taxes on restricted stock units that vested on May 23, 2021.
F4 The market was closed on vest date therefore the previous trading day's close, May 21, 2021, was used to value the transaction.