Insider Trades - HERBERT C THEODORE

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HERBERT C THEODORE: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
TELEPHONE + DATA SYS Officer NYSE:TDS (historical quotes, profile, SEC, other insiders)	15-Dec-09	31,552	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
15-Dec-09 2,847 TDS Option Exercise at $0 per share.
15-Dec-09 838 TDS Disposition (Non Open Market) at $30.03 per share.
(Value of $25,165)
15-Dec-08 2,803 TDS Option Exercise at $0 per share.
15-Dec-08 825 TDS Disposition (Non Open Market) at $27.40 per share.
(Value of $22,605)
17-Jun-08 10,380 TDS Option Exercise
17-Jun-08 6,169 TDS Disposition (Non Open Market)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
15-Dec-09	2,847	TDS	Option Exercise at $0 per share.
15-Dec-09	838	TDS	Disposition (Non Open Market) at $30.03 per share. (Value of $25,165)
15-Dec-08	2,803	TDS	Option Exercise at $0 per share.
15-Dec-08	825	TDS	Disposition (Non Open Market) at $27.40 per share. (Value of $22,605)
17-Jun-08	10,380	TDS	Option Exercise
17-Jun-08	6,169	TDS	Disposition (Non Open Market)