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TELEPHONE & DATA SYSTEMS INC /DE/ Director's Dealing 2013

Feb 5, 2013

31096_dirs_2013-02-05_56c4d658-ddae-47e6-a15e-d363cae286a7.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2012-12-31

Reporting Person: CARLSON LETITIA G C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-12-31 Common Shares G 530567 Disposed 1840669.9 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-12-31 Series A Common Shares $ G 3687 Disposed Common Shares (2010366.6) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 14934 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Common Shares $ Common Shares (1121.3) 1121.3 Direct

Footnotes

F1: Series A Common shares are convertible, on a share-for-share basis, into common shares.

F2: Reporting person is one of four trustees of a voting trust which is record owner of these Series A Common shares and which files its holdings on a form 4. Of these shares, 5981.3 are owned by husband, 123,889.2 are held for the benefit of children and 747,560 were contributed to a family partnership of which reporting person is a general partner. Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person. Includes 1,132,936.2 shares in reporting person's name.

F3: Reporting person is one of four trustees of a voting trust which is record owner of these Common shares and which files its holdings on a form 4. Of these shares, 5498.67 are owned by husband, 92,189.7 are held for the benefit of children, 530,567 are held in generation skipping trust, and 686,321.6 were contributed to a family partnership of which reporting person is a general partner. Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person. Includes 526,093 shares in reporting persons name.

F4: Voting trust certificates representing 530,567 were contributed by the reporting person to a generation skipping trust. Because the reporting person's spouse is the trustee and beneficiaries of the trust include immediate family of the reporting person, the reporting person continues to report beneficial ownership of all of the shares contributed to the trust, but disclaims beneficial ownership thereof.