FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TELEPHONE & DATA SYSTEMS INC /DE/ [ TDS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/28/2007 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Shares | 11/28/2007 | M(3) | 970 | A | (2) | 1,065.2 | D | |||
Special Common Shares | 11/28/2007 | M(3) | 970 | A | (2) | 8,076 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $59.3 | 965.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $59.4 | 865.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.06 | 765.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.31 | 665.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.43 | 565.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.64 | 465.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.72 | 365.2 | D | |||
Common Shares | 11/28/2007 | S | 70 | D | $60.85 | 295.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.94 | 195.2 | D | |||
Common Shares | 11/28/2007 | S | 100 | D | $60.95 | 95.2 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $54.5 | 7,976 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $54.76 | 7,876 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $55.33 | 7,776 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $55.58 | 7,676 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $55.68 | 7,576 | D | |||
Special Common Shares | 11/28/2007 | S | 170 | D | $55.9 | 7,406 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $55.96 | 7,306 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $56.13 | 7,206 | D | |||
Special Common Shares | 11/28/2007 | S | 100 | D | $56.16 | 7,106 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option (Right to Buy)(2) | $43.88 | 11/28/2007 | M | 970 | 12/15/1997 | 12/15/2007 | Tandem Common and Special Common Shares | 970 | (1) | 0 | D | ||||
Series A Common Shares | (4) | (4) | (4) | Common or Special Common shares | 1,816,776(5) | 1,816,776 | I | By Voting Trust | |||||||
Series A Common Shares | (4) | (4) | (4) | Common or Special Common Shares | 12,633.2 | 12,633.2 | D | ||||||||
Series A Common Shares | (4) | (4) | (4) | Common or Special Common Shares | 5,274.9 | 5,274.9 | I | By Wife |
Explanation of Responses: |
1. Granted under the Long-Term Incentive Plan. |
2. As a result of the special common dividend on 5/13/05, all options to purchase common shares were adjusted into tandem options. The tandem option provide that upon exercise, the optionee purchases the number of common shares originally subject to the option plus an equal number of special common shares. |
3. Exercise of a stock options and subsequent sale of shares pursuant to a previously disclosed 10b5-1 Rule plan. |
4. Series A Common shares are convertible, on a share-for-share basis, into common or special common. |
5. Reporting person is one of four trustees which is record owner of these Series A Common shares which files its holdings on forms 4. Of these shares, 83760.5 (including 16294.5 acquired in dividend reinvestment) are held as custodian for children and 9074.3 (including 1117.3 acquired in dividend reinvestment) are held by spouse, and 686294.6 (including 16297.6 acquired in dividend reinvestment) shares are held by a family partnership of which reporting person is a general partner. Of the remaining shares, 2683.7 were earned pursuant to a dividend reinvestment plan. Reporting person disclaims beneficial ownership of shares owned by wife and as custodian for children. In addition, 862,693 Series A Common Shares owned by family limited partnership of which reporting person and his spouse each hold 500 general partnerhip interests and collectively hold 99,000 limited partnership interests. |
Remarks: |
Julie D. Mathews, by power of atty | 11/29/2007 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |