X0304 4 2012-02-29 0001328571 NTELOS HOLDINGS CORP NTLS 0001236079 HUNTER CONRAD C/O NTELOS HOLDINGS CORP. 1154 SHENANDOAH VILLAGE DRIVE WAYNESBORO VA 22980 1 EVP, Chief Operating Officer Common Stock, Par Value $0.01 Per Share 2012-02-29 4 A 0 10679 0 A 56776 D Common Stock, Par Value $0.01 Per Share 411.35 I By 401(k) Plan Stock Option (Right to Buy) 23.25 2012-02-29 4 A 0 76238 0 A 2022-02-28 Common Stock 76238 76238 D Stock Option (Right to Buy) 23.20 2020-04-12 Common Stock 32401 32401 D Stock Option (Right to Buy) 23.98 2021-02-28 Common Stock 37406 37406 D Restricted stock cliff vests on February 27, 2015. Balance reflects 1-for-2 reverse stock split effected on October 31, 2011 and also reflects automatic adjustments to outstanding share awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos Networks Corp. ("Lumos") that occurred on October 31, 2011. Vests 25% on each of February 28, 2013; February 28, 2014; February 27, 2015; and February 29, 2016. 8,100 options are currently vested and exercisable. One-third of remaining balance vests on each of April 12, 2012; April 12, 2013; and April 12, 2014. 19,366 options are currently vested and exercisable, one-third of the remaining balance vests February 28, 2013; February 28, 2014; and February 28, 2015. Exercise Price reflects automatic adjustment to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos that occurred on October 31, 2011. Balance reflects automatic adjustments to outstanding option awards, made pursuant to the Employee Matters Agreement and approved by the Compensation Committee on November 11, 2011, to account for 1-for-2 reverse stock split and spin off of Lumos that occurred on October 31, 2011. /s/ Conrad J. Hunter 2012-03-02