TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

EAM Investors, LLC's Holding History (CIK: 0001510989)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 117,683 Value ($000) $3,541 Avg Close $25.22 Range $20.83 - $30.29

Q4 2015

Shares 104,808 Value ($000) $2,713 Avg Close $27.30 Range $24.83 - $30.59

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	117,683	$3,541	$25.22	$20.83 - $30.29
Q4 2015	104,808	$2,713	$27.30	$24.83 - $30.59