TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q1 2016

Shares 41,400 Value ($000) $1,245 Avg Close $25.22 Range $20.83 - $30.29

Q4 2015

Shares 41,400 Value ($000) $1,071 Avg Close $27.30 Range $24.83 - $30.59

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	41,400	$1,245	$25.22	$20.83 - $30.29
Q4 2015	41,400	$1,071	$27.30	$24.83 - $30.59