SEC Form 4 · accession 0001120437-19-000001
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
Jan 4, 2019
Accepted (ET)
Jan 4, 2019 · 5:25 pm EST
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 | Jan 2, 2019 | G | 1,860 | — | D | 100,530 | D | |
| Common SharesF4,F3 | Jan 4, 2019 | M | 16,639 | — | A | 117,169 | D | |
| Common SharesF3 | Jan 4, 2019 | F | 4,485 | $33.16 | D | 112,684 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred CompensationF4 | — | Jan 4, 2019 | M | 16,639 | D | — | — | Common Shares | 16,639 | 47,397 | D |
Explanation of responses
- F1Witholding of common shares as settlement for taxes due in consideration for settlement of the deferred compensation payout.
- F2By gift
- F3Includes 3,768 shares owned by children. Reporting person disclaims beneficial ownership of shares owned by children.
- F4Payout of 2 deferred bonuses. Reporting person deferred a portion of his 2005 and 2015 bonuses pursuant to the TDS Long-Term Incentive Plan. The deferred bonus has been invested in phantom stock now representing common shares, including dividend reinvestment. The price on January 3, 2019 was used to determine the payout for the deferred bonus shares. A total of 45,908 are vested.