US Cellular 2008 Annual Report Download - page 63
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Policy on Stock Ownership
U.S. Cellular does not have a formal policy relating to stock ownership by executive officers. TDS’
Policy Regarding Insider Trading and Confidentiality, which is applicable to U.S. Cellular, provides that
persons subject to the blackout policy may not, under any circumstances, trade options for, pledge, or
sell ‘‘short,’’ any securities of TDS or U.S. Cellular, and may not enter into any hedging, monetization or
margin transactions with respect to any such securities.
Compensation Consultant
Information relating to U.S. Cellular’s primary compensation consultant is discussed above under
‘‘Corporate Governance—Stock Option Compensation Committee.’’
Compensation Committee Report
The undersigned directors oversee U.S. Cellular’s compensation programs on behalf of the board of
directors. In fulfilling their oversight responsibilities, the undersigned reviewed and discussed with
management the Compensation Discussion and Analysis set forth above in this proxy statement.
In reliance on the review and discussions referred to above, the undersigned recommended to the
board of directors that the above Compensation Discussion and Analysis be included in U.S. Cellular’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2008 and U.S. Cellular’s proxy
statement related to the 2009 Annual Meeting of Stockholders.
The above Compensation Committee Report is submitted by LeRoy T. Carlson, Jr., who functions as
the compensation committee, except with respect to long-term compensation, and by Paul-Henri Denuit,
J. Samuel Crowley and Ronald E. Daly, the members of the Stock Option Compensation Committee,
which has responsibility with respect to long-term compensation.
Because U.S. Cellular does not have a formal independent compensation committee, the foregoing
Compensation Committee Report is also submitted by the full Board of Directors: LeRoy T. Carlson, Jr.,
John E. Rooney, Kenneth R. Meyers, LeRoy T. Carlson, Walter C.D. Carlson, Paul-Henri Denuit, J. Samuel
Crowley, Harry J. Harczak, Jr. and Ronald E. Daly.
Summary of Compensation
The following table summarizes the compensation paid by U.S. Cellular to the identified officers for
2008 and 2007 and, except as indicated, 2006.
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