PETER L. SEREDA - 22 May 2022 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role
EVP - Chief Financial Officer
Signature
Julie D. Mathews, by power of atty
Issuer symbol
TDS
Transactions as of
22 May 2022
Net transactions value
-$82,591
Form type
4
Filing time
23 May 2022, 16:24:49 UTC
Previous filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise $0 +16,151 +29% $0.000000 71,328 22 May 2022 Direct F1
transaction TDS Common Shares Tax liability $82,591 -4,733 -6.6% $17.45 66,595 22 May 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 Restricted Stock Units Options Exercise $0 -16,151 -100% $0.000000* 0 22 May 2022 Common Shares 16,151 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock unit award pursuant to the 2011 Long Term Incentive Plan. 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.