IRELAND FRIEDA E 5

5 · TELEPHONE & DATA SYSTEMS INC /DE/ · Filed Jan 18, 2006

Form 5

Period: 2005-12-31

VP - Internal Audit

Transactions

Other
Option (Right to buy)
2005-05-13+8,000→ 8,000 total
Exercise: $52.40From: 2003-12-15Exp: 2013-07-01→ Tandem Common and Special Common Shares (8,000 underlying)
Other
Option (Right to buy)
2005-05-13+4,518→ 4,518 total
Exercise: $77.36From: 2005-12-15Exp: 2015-04-20→ Tandem Common and Special Common Shares (4,518 underlying)
Other
Option (Right to buy)
2005-05-13+4,710→ 4,710 total
Exercise: $66.00From: 2004-12-15Exp: 2014-05-08→ Tandem Common and Special Common Shares (4,710 underlying)
Other
Restricted Stock Units
2005-05-13+742→ 742 total
From: 2007-12-15→ Tandem Common and Special Common Shares (742 underlying)

Footnotes (4)

[F1]On May 13 TDS authorized a special common dividend to holders of common shares in which one special common share was distributed to all shareholders making this acquisition exempt from Section 16a-9(a).
[F2]Common shares were granted without consideration under the long term incentive plan. As a result of the special common stock dividend, all options to purchase common shares as of May 13 under the long term incentive plan, whether vested or unvested, were adjusted into tandem options. The tandem option provides that upon exercise, the optionee purchases the number common shares orginally subject to the option plus an equal number of special common.
[F3]Restricted stock units for common shares were granted without consideration under the long term incentive plan. As a result of the special common stock dividend,all restricted stock units as of May 13 that are be settled in common shares, whether vested or unvested, were adjusted to provide shat such award will be settled in the number of common shares originally subject to the award plus an equal number of special common shares.
[F4]Restricted stock unit award pursuant to the 2004 Long-Term Incentive Plan. Stock units will become vested on December 15, 2007.

Documents

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