FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MEYERS KENNETH R

2. Issuer Name and Ticker or Trading Symbol

UNITED STATES CELLULAR CORP [USM]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Accounting Officer

(Last)          (First)          (Middle)

30 N. LASALLE ST. STE. 4000

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2016 
(Street)

CHICAGO, IL 60602

(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Shares                 39281   (7) D  
 
Common Shares                 2974   (1) I   By 401k plan  

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YYYY)
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy)   $39.71                   (2) 7/31/2023   Common Shares   125000     125000   D  
 
Option (right to buy)   $41.22                   (4) 4/1/2024   Common Shares   164225     164225   D  
 
Option (right to buy)   $36.42                   (4) 4/1/2025   Common Shares   199075     199075   D  
 
Option (righ to buy)   $45.87                   (4) 4/1/2026   Common Shares   206300     206300   D  
 
Restricted Stock Units                     (6) 6/22/2019   Common Shares   45000     45000   D  
 
Restricted Stock Units                     (5) 4/1/2017   Common Shares   41764     41764   D  
 
Restricted Stock Units                     (5) 4/1/2018   Common Shares   53154     53164   D  
 
Restricted Stock Units                     (5) 4/1/2019   Common Shares   56609     56609   D  
 
Deferred Compensation                     (3)   (3) Common Shares   13749   (3)   13749   D  
 

Explanation of Responses:
( 1)  Voluntary reporting of shares in the TDS 401K. The information is based on a plan statement dated 12/31/16. The number of shares fluctuates and is attributable to the price of the shares on 12/31/16.
( 2)  Scheduled to become exercisable on June 22, 2019
( 3)  Reporting person deferred bonuses pursuant to Long Term Incentive Plan. The match vests ratably at 33%, 33%, 34% over a 3 year period, a total of 12,333 are vested.
( 4)  Options schedule to to become exercisable in annual increments of one-third on April 1 of each year
( 5)  Restricted stock units that become vested on the third annual anniversary
( 6)  Restricted stock units that become vested on June 22, 2019
( 7)  Includes 1,000 shares owned by wife. Reporting person denies beneficial ownership of shares owned by wife.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
MEYERS KENNETH R
30 N. LASALLE ST. STE. 4000
CHICAGO, IL 60602
X
Chief Accounting Officer

Signatures
Julie D. Mathews, by power of atty 1/18/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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