Leroy T Jr Carlson - May 17, 2024 Form 4 Insider Report for TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)

Signature
Julie D. Mathews, by power of atty
Stock symbol
TDS
Transactions as of
May 17, 2024
Transactions value $
-$2,697,198
Form type
4
Date filed
5/21/2024, 04:34 PM
Previous filing
Mar 11, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TDS Common Shares Options Exercise +163K +73.24% 386K May 17, 2024 Direct F1
transaction TDS Common Shares Tax liability -$1.5M -72.3K -18.73% $20.80 314K May 17, 2024 Direct F2
transaction TDS Common Shares Options Exercise +137K +43.63% 450K May 19, 2024 Direct F3
transaction TDS Common Shares Tax liability -$1.19M -57.4K -12.74% $20.80 393K May 19, 2024 Direct F4, F5
transaction TDS Common Shares Will/Inheritance $0 +78.8K +20.04% $0.00 472K Apr 16, 2024 Direct
transaction TDS Common Shares Will/Inheritance $0 +48K +2.72% $0.00 1.81M Apr 16, 2024 By Voting Trust F6
holding TDS Common Shares 106K May 17, 2024 By wife
holding TDS Common Shares 212K May 17, 2024 By trust F7
holding TDS Common 78.9K May 17, 2024 By Trust F8

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 -163K -33.33% $0.00 326K May 17, 2024 Common Shares 163K Direct F1
transaction TDS Restricted Stock Units Options Exercise $0 -137K -100% $0.00* 0 May 19, 2024 Common Shares 137K Direct F3
transaction TDS Series A Common Shares Will/Inheritance $0 +18.1K $0.00 18.1K Apr 16, 2024 Common Shares 18.1K Direct F9
transaction TDS Series A Common Shares Will/Inheritance $0 +53.7K +2.79% $0.00 1.98M Apr 16, 2024 Common Shares 53.7K By Voting Trust F9, F10
holding TDS Series A Common Shares 297 May 17, 2024 Common Shares 297 By Wife F9
holding TDS Series A Common Shares 12.5K May 17, 2024 Common Shares 12.5K By Trust F7, F9
holding TDS Series A Common Shares 11.4K May 17, 2024 Common Shares 11.4K By Trust F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units were awarded on May 17, 2023, pursuant to the 2022 Long Term Incentive Plan. One-third of the restricted stock units will vest on the first, second and third annual anniversaries of the Grant Date. This transaction represents settlement of the first vesting. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F2 Shares withheld to pay taxes on restricted stock units that vested on May 17, 2024.
F3 Restricted stock units awarded pursuant to the 2020 Long Term Incentive Plan. Restricted stock units that became vested on May 19, 2024. Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU.
F4 Shares withheld to pay taxes on restricted stock units that vested on May 19, 2024.
F5 The market was closed on vest date therefore the previous trading day's close, May 17, 2022, was used to value the transaction.
F6 Reporting person is one of four trustees of a trust which separately files on Form 4 for the issuer. The Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such securities. Includes 693,204 Common Shares held by a family partnership of which reporting person is a general partner.
F7 Voluntary report of shares held in trust, the trustee of which is a third party and beneficiaries of which include the spouse and descendants
F8 Voluntary report of shares held in trust, the trustee of which is a third party and beneficiaries of which the descendants of the reporting person and his spouse
F9 Series A Common Shares are convertible, on a share-for-share basis, into Common Shares.
F10 Reporting person is one of four trustees of a trust which which separately files on Form 4 for the issuer. The Series A Common Shares reported are held by reporting person and his family members that have a pecuniary interest in such securities. Includes 755,686 Series A Common Shares held by a family partnership of which reporting person is a general partner.