X0306 4 2015-02-20 0 0000354963 SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN 0001412124 Skolits Adele M PO BOX 459 EDINBURG VA 22824 0 1 0 0 VP Finance &Treasurer Common Stock 2015-02-20 4 A 0 2885 29.62 A 26990.0123 D Common Stock 2015-02-20 4 F 0 947 29.62 D 26043.0123 D Common Stock 2015-02-21 4 A 0 2244 29.71 A 28287.0123 D Common Stock 2015-02-21 4 F 0 742 29.71 D 27545.0123 D Restricted Stock Units 2015-02-20 4 M 0 2885 0 D 2016-02-20 Common Stock 2885 58494 D Restricted Stock Units 2015-02-21 4 M 0 2244 0 D 2015-02-21 Common Stock 2244 56250 D Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest 1/4 on each the first, second, third and fourth anniversary subject to the continuous employment by the Company or one of its affiliates until the date of vesting. Vested shares will be delivered to the reporting person on the vesting date. The restricted stock units are subject to forfeiture in accordance with the Company's executive compensation recovery policy. Adele M Skolits 2015-02-24