X0306 4 2016-02-16 0 0000354963 SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN 0001239536 OSTROSKI RAYMOND B PO BOX 459 EDINBURG VA 22824 0 1 0 0 VP Legal & General Counsel Restricted Stock Units 2016-02-16 4 A 0 3265 0 A 2020-02-20 Common Stock 3265 70393 D Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest 1/4 on the third Thursday of each February beginning in 2017 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 policy. Raymond B Ostroski 2016-02-18