James W. Butman - May 22, 2022 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role: President & CEO of subsidiary, Director
Signature: Julie D. Mathews, by power of atty
Stock symbol: TDS
Transactions as of: May 22, 2022
Transactions value $: -$110,197
Form type: 4
Date filed: 5/23/2022, 04:09 PM
Previous filing: May 20, 2022
Next filing: Jan 10, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDS	Common	Options Exercise	$0	+19.7K	+39.21%	$0.00	70.1K	May 22, 2022	Direct	F1
transaction	TDS	Common	Tax liability	-$110K	-6.32K	-9.01%	$17.45	63.7K	May 22, 2022	Direct	F2, F3

Showing 1 to 2 of 2 entries

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	-19.7K	-100%	$0.00^*	0	May 22, 2022	Common Shares	19.7K		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 became vested on May 22, 2022.
F2	Shares withheld to pay taxes on restricted stock units that vested on May 22, 2022.
F3	The market was closed on vest date therefore the previous trading day's close, May 20, 2022, was used to value the transaction.