Leroy T Jr Carlson - Jan 5, 2022 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
Jan 5, 2022
Transactions value $
-$54,322
Form type
4
Date filed
1/6/2022, 03:57 PM
Previous filing
Jan 18, 2022
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 +9.73K +19.5% $0.00 59.6K Jan 5, 2022 Direct F1, F2
transaction TDS Common Shares Tax liability -$54.3K -2.62K -4.4% $20.71 57K Jan 5, 2022 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 Deferred Compensation Options Exercise $0 -9.73K -13.27% $0.00 63.6K Jan 5, 2022 Common Shares 9.73K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of deferred bonus. Reporting person deferred a portion of his 2018 bonus pursuant to the TDS Long-Term Incentive Plan. The deferred bonus has been invested in phantom stock now representing common shares, including dividend reinvestment. The price on January 5, 2022 was used to determine the payout for the deferred bonus shares. A total of 60,653 are vested.
F2 Includes 5,242 shares owned by children. Reporting person denies beneficial ownership of shares owned by children.
F3 Withholding of common shares as settlement for taxes due in connection with settlement of the deferred compensation payout.