Peter L. Sereda - May 22, 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
Stock symbol
TDS
Transactions as of
May 22, 2022
Transactions value $
-$82,591
Form type
4
Date filed
5/23/2022, 04:24 PM
Previous 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 +16.2K +29.27% $0.00 71.3K May 22, 2022 Direct F1
transaction TDS Common Shares Tax liability -$82.6K -4.73K -6.64% $17.45 66.6K May 22, 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 -16.2K -100% $0.00* 0 May 22, 2022 Common Shares 16.2K 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.