Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market, holder, dividend and performance graph information is incorporated by reference from Exhibit 13 to this Form 10-K Annual Report section entitled “Shareholder Information.”
+Added: Common Stock Information
+Added: UScellular's Common Shares are listed on the New York Stock Exchange under the symbol "USM." As of January 31, 2022, the last trading day of the month, UScellular's Common Shares were held by 230 record owners.
+Added: All of the Series A Common Shares were held by TDS.
+Added: No public trading market exists for the Series A Common Shares.
+Added: The Series A Common Shares are convertible on a share-for-share basis into Common Shares.
UScellular has not paid any cash dividends in recent periods and currently intends to retain all earnings for use in UScellular’s business.
−Removed: Information relating to Issuer Purchases of Equity Securities is set forth below.
+Added: Stock Performance Graph
+Added: The following chart provides a comparison of UScellular’s cumulative total return to shareholders during the previous five years to the returns of the Standard & Poor's 500 Composite Stock Price Index and the Dow Jones U.S.
+Added: Telecommunications Index.
+Added: Cumulative total return assumes reinvestment of dividends.
+Added: 2016 2017 2018 2019 2020 2021
+Added: UScellular Common Shares (NYSE:
+Added: USM) $ 100 $ 86.07 $ 118.87 $ 82.87 $ 70.20 $ 72.10
+Added: S&P 500 Index 100 121.83 116.49 153.17 181.35 233.41
+Added: Dow Jones U.S.
+Added: Telecommunications Index 100 99.72 93.02 118.95 111.91 102.21
+Added: The comparison above assumes $100.00 invested at the close of trading on the last trading day preceding the first day of 2016, in UScellular Common Shares, S&P 500 Index and the Dow Jones U.S.
+Added: Telecommunications Index.
+Added: Issuer Purchases of Equity Securities
In November 2009, UScellular announced by Form 8-K that the Board of Directors of UScellular authorized the repurchase of up to 1,300,000 Common Shares on an annual basis beginning in 2009 and continuing each year thereafter, on a cumulative basis.
5 unchanged sentences
UScellular did not determine to terminate the foregoing Common Share repurchase program, as amended, or cease making further purchases thereunder, during the fourth quarter of 2021.
−Removed: The maximum number of shares that may yet be purchased under this program was 4,507,000 as of December 31, 2020.
−Removed: There were no purchases made by or on behalf of UScellular, and no open market purchases made by any “affiliated purchaser” (as defined by the SEC) of UScellular, of UScellular Common Shares during the quarter ended December 31, 2020.
−Removed: Selected Financial Data
−Removed: Not applicable.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations
−Removed: Incorporated by reference from Exhibit 13 to this Form 10-K Annual Report section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
−Removed: Quantitative and Qualitative Disclosures About Market Risk
−Removed: Incorporated by reference from Exhibit 13 to this Form 10-K Annual Report section entitled “Market Risk.”
+Added: The following table provides certain information with respect to all purchases made by or on behalf of UScellular, and any open market purchases made by any “affiliated purchaser” (as defined by the SEC) of UScellular, of UScellular Common Shares during the fourth quarter of 2021.
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: October 1 - 31, 2021 258,678 $ 31.49 258,678 3,566,725
+Added: November 1 - 30, 2021 35,000 $ 31.44 35,000 3,531,725
+Added: December 1 - 31, 2021 15,000 $ 29.49 15,000 3,516,725
+Added: Total for or as of the end of the quarter ended December 31, 2021 308,678 $ 31.38 308,678 3,516,725
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.