Vicki L Villacrez Form 3 TELEPHONE & DATA SYSTEMS / Vicki L Villacrez 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^*

Villacrez Vicki L

(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)
05/24/2022

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)
Executive Vice President & CFO

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	12,039	D

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)	05/11/2018	05/11/2025	Common Shares	11,403	29.26	D
Option (Right to Buy)	08/15/2019	08/15/2026	Common Shares	13,512	29.45	D
Option (Right to Buy)	05/24/2020	05/24/2027	Common Shares	14,256	27.79	D
Option (Right to Buy)	05/23/2021	05/22/2028	Common Shares	17,305	25.7	D
Option (Right to Buy)	05/22/2022	05/22/2029	Common Shares	3,061	30.72	D
Option (Right to Buy)	05/21/2023	05/21/2030	Common Shares	6,625	19.15	D
Option (Right to Buy)	05/19/2024	05/19/2031	Common Shares	4,386	25.36	D
Restricted Stock Units	05/21/2023	05/21/2023	Common Shares	6,689	(1)	D
Restricted Stock Units	05/19/2024	05/19/2024	Common Shares	5,462	(1)	D
Restricted Stock Units	05/18/2025	05/18/2025	Common Shares	28,883	(1)	D

Explanation of Responses:

1. Restricted stock unit award pursuant to the Long-Term Incentive Plan. Stock units will become vested three years after grant date.

Remarks:

	Julie D. Mathews, by power of atty	06/02/2022
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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