X0306 4 2018-03-19 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 Common Stock 2018-03-19 4 A 0 15000 6.92 A 42314.3838 D Common Stock 2018-03-19 4 F 0 2950 36.85 D 39364.3838 D Common Stock 2018-03-19 4 S 0 5000 36.07 D 34364.3838 D Common Stock 2018-03-19 4 S 0 5000 37.47 D 29364.3838 D Incentive Stock Option 6.92 2018-03-19 4 X 0 15000 6.92 A 2020-02-17 Common Stock 15000 21769 D The option vests one-fourth on each the third, fourth, fifth and sixth anniversary. The option (and shares issuable upon exercise of the option) are subject to cancellation and forfeiture in accordance with the Company's executive compensation policy. Raymond B Ostroski 2018-03-20