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 *

Perez Edward

2. Issuer Name and Ticker or Trading Symbol

UNITED STATES CELLULAR CORP [USM]

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

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Senior Vice President - Sales

(Last)          (First)          (Middle)

8410 W. BRYN MAWR

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

CHICAGO, IL 60631

(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                 7628   D  
 
Common Shares                 118   (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)   $63.33                   (2) 4/2/2017   Common Shares   2943     2943   D  
 
Option (Right to Buy)   $49.05                   (3) 4/1/2018   Common Shares   4838     4838   D  
 
Option (Right to Buy)   $29.25                   (3) 4/1/2019   Common Shares   4488     4488   D  
 
Option (Right to Buy)   $36.21                   (3) 4/1/2020   Common Shares   9443     9443   D  
 
Option (Right to Buy)   $44.59                   (3) 4/1/2021   Common Shares   8132     8132   D  
 
Option (Right to Buy)   $34.94                   (3) 4/2/2022   Common Shares   7257     7257   D  
 
Option (Right to Buy)   $31.17                   (3) 4/1/2023   Common Shares   9880     9880   D  
 
Option (Right to Buy)   $41.22                   (3) 4/1/2024   Common Shares   15675     15675   D  
 
Option (Right to Buy)   $36.42                   (3) 4/1/2025   Common Shares   28375     28375   D  
 
Option (Right to Buy)   $45.87                   (3) 4/1/2026   Common Shares   20975     20975   D  
 
Restricted Stock Units                     (4) 4/1/2017   Common Shares   2991     2991   D  
 
Restricted Stock Units                     (4) 4/1/2018   Common Shares   7238     7238   D  
 
Restricted Stock Units                     (4) 4/1/2019   Common Shares   7489     7489   D  
 

Explanation of Responses:
( 1)  Voluntary reporting of USM shares in the USM 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)  Options are scheduled to become exercisable in annual increments of 25% on April 1 of each year
( 3)  Options are scheduled to become exercisable in annual increments of one third on April 1 of each year
( 4)  Restricted stock units that become vested on third annual anniversary.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Perez Edward
8410 W. BRYN MAWR
CHICAGO, IL 60631


Senior Vice President - Sales

Signatures
Julie D. Mathews, by power of atty 1/30/2017
** 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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