US Cellular 2008 Annual Report Download - page 73

(i) This column is not applicable because the identified officers do not have any stock awards that are equity incentive plan
awards, as defined by SEC rules.
(j) This column is not applicable because the identified officers do not have any stock awards that are equity incentive plan
awards, as defined by SEC rules.
Footnotes:
The following provides additional information with respect to outstanding equity awards at year end. Number references
correspond to numbers in the above table. The following discloses the date that stock options were scheduled to become
exercisable and that restricted stock units were scheduled to become vested.
(1) The 2008 Options are scheduled to become exercisable in annual increments of one third on April 1 of each year beginning
in 2009 and ending in 2011 (except that such stock options became fully vested on October 1, 2008 with respect to
Mr. Rooney), and are exercisable until April 1, 2018 at an exercise price of $57.19.
(2) The 2007 Options are scheduled to become exercisable in annual increments of 25% on April 2 of each year beginning in
2008 and ending in 2011, and are exercisable until April 2, 2017 at an exercise price of $73.84.
(3) The 2006 Options are scheduled to become exercisable in annual increments of 25% on April 3 of each year beginning in
2007 and ending in 2010, and are exercisable until April 3, 2016 at an exercise price of $59.43.
(4) The 2005 Options are scheduled to become exercisable in annual increments of 25% on March 31 of each year beginning in
2006 and ending in 2009, and are exercisable until March 31, 2015 at an exercise price of $45.63, except that the 2005
Options granted to Mr. Campbell were scheduled to become exercisable in annual increments of 25% on June 1 of each year
beginning in 2006 and ending in 2009, and are exercisable until June 1, 2015 at an exercise price of $47.76.
(5) The Amended Initial Options were originally granted on September 1, 2000 and were scheduled to become exercisable with
respect to 20% of the shares underlying the stock option on September 1 of each year beginning in 2001 and ending in
2005, and were exercisable until September 1, 2010 at an exercise price of $73.31. No portion of the stock option has been
exercised. The stock option was amended on December 26, 2006 to correct the exercise price of the stock option to the
closing price of the underlying Common Shares as of the date of approval of the original stock option by the Stock Option
Compensation Committee of $75.00 on September 8, 2000. In connection therewith, U.S. Cellular agreed to pay $7,784 to
Mr. Ellison, which was paid in 2007, representing the aggregate amount of a make-whole payment as a result of the increase
in the exercise price of the original stock option. The amended stock option with respect to 4,613 shares was immediately
exercisable in full.
(6) The 2004 Initial Options became exercisable with respect to 6,425 U.S. Cellular Common Shares on January 19, 2005 and
with respect to an additional 6,425 Common Shares on each anniversary thereof, through and including January 19, 2008 for
a total of 25,700 Common Shares, and are exercisable until February 17, 2014 at an exercise price of $43.20.
(7) Represents U.S. Cellular Common Shares underlying phantom stock bonus match units credited to such officer with respect
to deferred bonus compensation. One-third of the U.S. Cellular phantom stock bonus match units become vested on each of
the first three anniversaries of the last day of the year for which the applicable bonus is payable, provided that the officer is
an employee of U.S. Cellular or an affiliate on such date.
(8) Such restricted stock units become vested on April 1, 2011.
(9) Such restricted stock units become vested on April 2, 2010.
(10) Such restricted stock units become vested on April 3, 2009.
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