TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

BCWM, LLC's Holding History (CIK: 0001542165)

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

Q4 2015

Shares 92,569 Value ($000) $2,397 Avg Close $27.30 Range $24.83 - $30.59

Q3 2015

Shares 94,247 Value ($000) $2,353 Avg Close $28.09 Range $24.51 - $30.64

Q2 2015

Shares 96,691 Value ($000) $2,843 Avg Close $28.69 Range $24.84 - $30.76

Q1 2015

Shares 95,095 Value ($000) $23,679 Avg Close $24.99 Range $23.00 - $26.64

Q4 2014

Shares 54,458 Value ($000) $13,751 Avg Close $24.62 Range $22.19 - $26.49

Q3 2014

Shares 54,391 Value ($000) $13,033 Avg Close $25.38 Range $23.08 - $26.93

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	92,569	$2,397	$27.30	$24.83 - $30.59
Q3 2015	94,247	$2,353	$28.09	$24.51 - $30.64
Q2 2015	96,691	$2,843	$28.69	$24.84 - $30.76
Q1 2015	95,095	$23,679	$24.99	$23.00 - $26.64
Q4 2014	54,458	$13,751	$24.62	$22.19 - $26.49
Q3 2014	54,391	$13,033	$25.38	$23.08 - $26.93