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

May 13, 2013

31096_dirs_2013-05-13_ed85a5e3-59fc-42c5-bbc8-0b69e429ca36.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK: 0001051512
Period of Report: 2013-05-10

Reporting Person: CARLSON LEROY T (Director, Chairman Emeritus)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-05-10 Option (Right to Buy) $22.60 A 39382 Acquired 2023-05-10 Common Shares (39382) Direct
2013-05-10 Restricted Stock Units $ A 10628 Acquired Common Shares (10628) Direct

Footnotes

F1: Restricted stock unit award pursuant to the Long Term Incentive Plan. Stock units will become vested on the third annual anniversary.

F2: Granted under the 2011 Long-Term Incentive Plan. Options vest on the third annual anniversary.