Telephone and Data Systems (TDS) Form 3 TELEPHONE & DATA SYSTEMS / Douglas W Chambers ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Chambers Douglas W

(Last) (First) (Middle)

30 N. LASALLE STREET, SUITE 4000

(Street)

CHICAGO IL 60602

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2018

3. Issuer Name and Ticker or Trading Symbol
TELEPHONE & DATA SYSTEMS INC /DE/ [ TDS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior VP-Finance & CAO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	6,205	D
Common Shares	677	I	By 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to buy)	(1)	05/21/2018	Common Shares	2,000	35.35	D
Option (Right to buy)	(1)	05/20/2019	Common Shares	4,340	26.95	D
Option (Right to buy)	(1)	05/25/2020	Common Shares	4,600	26.66	D
Option (Right to buy)	(1)	05/13/2021	Common Shares	4,300	29.94	D
Option (Right to buy)	(1)	05/16/2022	Common Shares	11,800	20.79	D
Option (Right to buy)	(1)	05/10/2023	Common Shares	12,155	22.6	D
Option (Right to buy)	(1)	05/16/2024	Common Shares	9,284	26.83	D
Option (Right to buy)	(1)	05/11/2025	Common Shares	7,960	29.26	D
Option (Right to buy)	05/11/2019	08/15/2026	Common Shares	10,592	29.45	D
Option (Right to buy)	05/24/2020	05/24/2027	Common Shares	11,601	27.79	D
Restricted Stock Units	05/11/2019	05/11/2019(2)	Common Shares	2,883	(2)	D
Restricted Stock Units	05/24/2020	05/24/2020(2)	Common Shares	2,724	(2)	D

Explanation of Responses:

1. Currently exercisable

2. Restricted Stock United granted under the Long Term Incentive Plan that vest on third anniversary.

Remarks:

	Julie D. Mathews, by power of atty	05/22/2018
	** 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 5 (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).
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