Leroy T Jr Carlson - May 22, 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
May 22, 2022
Transactions value $
-$443,841
Form type
4
Date filed
5/23/2022, 03:58 PM
Previous filing
May 20, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +60.6K +61.45% $0.00 159K May 22, 2022 Direct F1, F2
transaction TDS Common Shares Tax liability -$444K -25.4K -15.97% $17.45 134K May 22, 2022 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 -60.6K -100% $0.00* 0 May 22, 2022 Common Shares 60.6K 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 22, 2022.
F2 Includes 7,216 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 22, 2022.
F4 The market was closed on vest date therefore the previous trading day's close, May 22, 2022, was used to value the transaction.