X0306 4 2016-02-18 0 0000354963 SHENANDOAH TELECOMMUNICATIONS CO/VA/ SHEN 0001068023 LAM DALE S PO BOX 459 EDINBURG VA 22824 1 0 0 0 Common Stock 2016-02-18 4 A 0 964 21.85 A 21640 D Common Stock 2016-02-18 4 F 0 296 21.85 D 21344 D Common Stock 2016-02-18 4 A 0 3998 21.85 A 25342 D Common Stock 2016-02-18 4 F 0 1229 21.85 D 24113 D Common Stock 2016-02-19 4 A 0 513 22.03 A 24626 D Common Stock 2016-02-19 4 F 0 157 22.03 D 24469 D Restricted Stock Units 2016-02-18 4 M 0 964 0 D 2016-02-18 Common Stock 964 8250 D Restricted Stock Units 2016-02-18 4 M 0 3998 0 D 2016-02-18 2016-02-18 Common Stock 3998 4252 D Restricted Stock Units 2016-02-19 4 M 0 513 0 D 2017-02-19 Common Stock 513 3739 D On December 31, 2015, the common stock of Shenandoah Telecommunications Company split two-for-one, resulting in the reporting person's acquisition of 10,338 additional shares of common stock. Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock unit vest 1/3 on each the first, second, and third anniversary subject to the continuous service on the Board of Directors of 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. Dale S Lam 2016-02-22