X0303 5 2009-12-31 0 0 0001051512 TELEPHONE & DATA SYSTEMS INC /DE/ TDS 0001435492 Carlson Prudence E 30 N. LASALLE ST. STE. 4000 CHICAGO IL 60602 1 0 0 0 Common Shares 10.8717 D Special Common Shares 50900.1228 D Special Common Shares 2009-09-23 5 J 0 2581 D 1717645.35 I By Voting Trust Special Common Shares 2009-09-23 5 J 0 2581 A 1717645.35 I By Voting Trust Series A Common Shares Common or Special Common Shares 179271.04 179271.04 D Series A Common Common or Special Common Shares 1718951.52 1718951.52 I By Voting Trust Includes .871767 common shares earned pursuant to a dividend reinvestment plan. Includes 599.122907 special common shares earned pursuant to a dividend reinvestment plan. Reporting person is one of four trustees of a voting trust which is record owner of these special common shares and which files its holdings on a Form 4. Beneficial ownership is disclaimed with respect to 32,686.53 special common shares held for the benefit of spouse and children. Includes 12,144.34 in reporting person's name and 987,083 in reporting person's Grantor Retained Annuity Trust (GRAT) both held for the benefit of the reporting person and 685,731.48 held by family partnerships of which reporting person is a general partner. Includes 616.035299 Series A common shares earned pursuant to a dividend reinvestment plan. Reporting person is one of four trustees of a voting trust which is record owner of these Series A Common shares and which files its holdings on a Form 4. Beneficial ownership is disclaimed with respect to 27,439.69 Series A common shares held for the benefit of spouse and children. Includes 1,691,511.83 shares which are held by family partnerships of which reporting person is a general partner. On Sept. 23, the reporting person transferred voting trust certificates representing 2,581 special common shares from reporting person's GRAT to reporting person individually. The reporting person previously reported all securities held in her name and through a GRAT. Accordingly, the transfer of voting trust certificates did not result in any change in the number of securities reported as beneficially owned by the reporting person. Series A Common shares are convertible on a share for share basis into common. Julie D. Mathews, by power of atty 2009-01-14