SEC Form 4 · accession 0001120437-16-000107
TELEPHONE & DATA SYSTEMS INC /DE/ · TDS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leroy T Carlson Jr.
Officer — President and CEO · Director
Period of report
May 10, 2016
Accepted (ET)
May 12, 2016 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001051512
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF2,F3 | Mar 23, 2016 | G | 3,000 | — | D | 60,817 | D | |
| Common SharesF2,F3 | Mar 31, 2016 | G | 4,000 | — | D | 56,817 | D | |
| Common SharesF3 | May 10, 2016 | M | 62,719 | $0.00 | A | 119,536 | D | |
| Common SharesF3 | May 10, 2016 | F | 27,188 | $28.04 | D | 92,348 | D | |
| Common SharesF5,F7 | Mar 18, 2016 | W | 638 | $0.00 | A | 1,847,142 | I | By Voting Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common sharesF4,F6,F7 | — | Mar 18, 2016 | W | 689 | A | — | — | Common Shares | 2,012,616 | 2,012,616 | I |
| Restricted stock unitsF1 | — | May 10, 2016 | M | 62,719 | D | May 10, 2016 | — | Common shares | 62,719 | 0 | D |
Explanation of responses
- F1Restricted stock units awarded pursuant to the long term incentive plan. Stock units became vested on May 10, 2016.
- F2By gift
- F3Includes 3768 shares owned by children. Reporting person disclaims beneficial ownership of shares owned by children.
- F4Series A Common shares are convertible on a share for share basis.
- F5Reporting person is one of four trustees which is record owner of these shares which files its holdings on forms 4. Of these shares, 104,893 shares are held as custodian for children, 31,156 are held by spouse, 374,126 are held by a family limited partnership, 89,679 shares through a marital trust, 105,942 are held in a LLC of which the reporting person is the sole voting member, and 687,446 shares are held by a family partnership of which reporting person is a general partner. Also voluntarily includes 60,321 shares in a trust, the trustee of which is a third party and the beneficiaries of which include the descendents of the reporting person and his spouse. Includes 20,400 shares that reporting person is trustee of trusts for children. Of the remaining shares, 63,841 shares are owned by individual reporting person wife's GRAT owns 309,338. Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person.
- F6Reporting person is one of four trustees which is record owner of these shares which files its holdings on forms 4. Of these Series A Common shares, 113,775 are held as custodian for children and 10,766 are held by spouse, and 748,888 shares are held by a family partnership of which reporting person is a general partner . Of the remaining shares, 3,392 are owned in individual reporting person's name. Includes 22,174 shares that reporting person is trustee of trusts for children. In addition, 1,113,621 Series A common Shares owned by family limited partnerships. Includes Reporting person disclaims beneficial ownership of shares held for the benefit of persons other than the reporting person.
- F7On March 1, 2016, reporting person became trustee of trusts for children. Reporting person has no beneficial ownership of shares beneficially owned by children.
- F8Shares withheld to pay taxes on restricted stock units that vested on May 10, 2016.