Carlson Leroy T. Jr. - 31 Dec 2022 Form 5 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Role: President and CEO, Director
Signature: Julie D. Mathews, by power of atty
Issuer symbol: TDS
Transactions as of: 31 Dec 2022
Net transactions value: $0
Form type: 5
Filing time: 02 Feb 2023, 07:14:35 UTC
Previous filing: 23 May 2022
Next filing: 10 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TDS	Common Shares	Gift	$0	-10,000	-7.9%	$0.000000	117,029	16 Oct 2022	Direct	F1
transaction	TDS	Common Shares	Gift	$0	-14,000	-12%	$0.000000	103,029	31 Oct 2022	Direct
transaction	TDS	Common Shares	Gift	$0	-103,029	-100%	$0.000000^*	0	06 Dec 2022	Direct	F1
transaction	TDS	Common Shares	Gift	$0	+10,000	+1931%	$0.000000	10,518	16 Oct 2022	By wife
transaction	TDS	Common Shares	Gift	$0	-2,586	-25%	$0.000000	7,932	07 Nov 2022	By wife
transaction	TDS	Common Shares	Gift	$0	+103,029	+1299%	$0.000000	110,961	06 Dec 2022	By wife
holding	TDS	Common Shares						211,758	31 Dec 2022	By Trust	F2
holding	TDS	Common						78,943	31 Dec 2022	By Trust	F2
holding	TDS	Common Shares						23,493	31 Dec 2022	By 401(k)	F3
holding	TDS	Common Shares						1,759,584	31 Dec 2022	By Voting Trust	F1, 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
holding	TDS	Series A Common Shares						1,918,692	31 Dec 2022	Common Shares	1,918,692		By Voting Trust	F1, F5, F6
holding	TDS	Deferred Compensation						81,757	31 Dec 2022	Common Shares	81,757		Direct	F7
holding	TDS	Series A Common Shares						11,424	31 Dec 2022	Common Shares	11,424		By Trust	F2, F5
holding	TDS	Series A Common Shares						11,746	31 Dec 2022	Common Shares	11,746		By Trust	F2, F5
holding	TDS	Series A Common Shares						297	31 Dec 2022	Common Shares	297		By Wife	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Effective 12/31/22, reporting person is no longer including shares held by grown children no longer sharing his household in his ownership totals.
F2	Voluntary report of shares held in trust, the trustee of which is a third party and beneficiaries include reporting person's spouse and descendants
F3	The information is based on a plan statement dated 12/31/22. The number of shares fluctuates and is attributable to the price of the shares on 12/31/22.
F4	Reporting person is one of four trustees of a trust which is also a reporting person. The shares reported are held by respective reporting person and his family members that have a pecuniary interest in such securities. Includes 691,720 Common Shares held by a family partnership of which reporting person is a general partner.
F5	Series A Common shares are convertible, on a share-for-share basis, into common shares.
F6	Reporting person is one of four trustees of a trust which is also a reporting person. The shares reported are held by respective reporting person and his family members that have a pecuniary interest in such securities. Includes 753,934 Series A Common Shares held by a family partnership of which reporting person is a general partner.
F7	Reporting person deferred bonuses pursuant to the TDS Long Term Incentive Plans. Employer matches vest ratably at a rate of 33%, 33%, 34% over three years. A total of 78,879 common share units were vested at 12/31/22.