X0303 4 2009-03-31 0001120462 IOWA TELECOMMUNICATIONS SERVICES INC IWA 0001308633 Knock Craig A IOWA TELECOMMUNICATIONS SERVICES, INC. 403 W. FOURTH STREET NORTH NEWTON IA 50208 0 1 0 0 VP, CFO and Treasurer Common Stock 2009-03-31 4 M 0 7500 .904 A 132302 D Common Stock 2009-03-31 4 S 0 7500 11.4386 D 124802 D Common Stock 2009-04-01 4 F 0 1419 11.46 D 123383 D Common Stock 2009-04-01 4 M 0 7500 .904 A 130883 D Common Stock 2009-04-01 4 S 0 7500 11.3832 D 123383 D Common Stock 2009-04-02 4 M 0 6232 .904 A 129615 D Common Stock 2009-04-02 4 S 0 6232 11.4631 D 123383 D Stock Option (Right to Buy) .904 2009-03-31 4 M 0 7500 0 D 2002-04-26 2012-04-26 Common Stock 7500 38732 D Stock Option (Right to Buy) .904 2009-04-01 4 M 0 7500 0 D 2002-04-26 2012-04-26 Common Stock 7500 31232 D Stock Option (Right to Buy) .904 2009-04-02 4 M 0 6232 0 D 2002-04-26 2012-04-25 Common Stock 6232 25000 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.32 to $11.52, inclusive. The reporting person undertakes to provide Iowa Telecommunications Services, Inc., any security holder of Iowa Telecommunications Services, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.14 to $11.54, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.20 to $11.59, inclusive. Pursuant to the option plan under which the option was granted, the exercise price has been reduced by the per share amount of dividends paid by the Company on its common stock since the date of option grant. /s/ Donald G. Henry as Agent for Craig A. Knock pursuant to Power of Attorney previously filed. 2009-04-02