sc13dza
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No. 19
Telephone and Data Systems, Inc.
(Name of Issuer)
Special Common Stock
(Title of Class and Securities)
879433860
(CUSIP Number of Class of Securities)
O. Mason Hawkins
Chairman of the Board and C.E.O.
and
Andrew R. McCarroll
Vice President & General Counsel
Southeastern Asset Management, Inc.
6410 Poplar Avenue; Suite 900
Memphis, TN 38119
(901) 761-2474
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 20, 2009
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following box: o
 
 

 

 

                     
CUSIP No.
  
879433860 
 13D

 

           
1   NAMES OF REPORTING PERSONS

Southeastern Asset Management, Inc.
I.D. No. 62-0951781
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  OO: Funds of investment advisory clients
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  þ
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Tennessee
       
  7   SOLE VOTING POWER
     
NUMBER OF   (Discretionary Accounts)
5,111,048 shares
       
SHARES 8   SHARED OR NO VOTING POWER
BENEFICIALLY    
OWNED BY
EACH		   5,666,200 shares (Shared)
1,568,237 shares (None)
       
REPORTING 9   SOLE DISPOSITIVE POWER
PERSON    
WITH   (Discretionary Accounts)
6,679,285 shares
       
  10   SHARED OR NO DISPOSITIVE POWER
     
    5,666,200 shares (Shared)
0 shares (None)
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  12,345,485 shares
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  23.0%
     
14   TYPE OF REPORTING PERSON
   
  IA
Note: All shares identified above are shares of the Issuer’s class of Special Common Stock, and the percentage in Row 13 above relates to such class of Special Common Stock.

2

 

                     
CUSIP No.
  
879433860 
 13D

 

           
1   NAMES OF REPORTING PERSONS

Longleaf Partners Fund
I.D. No. 63-6147721
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  OO: Funds of investment company shareholders
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Massachusetts
       
  7   SOLE VOTING POWER
     
NUMBER OF   None
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   5,666,200 shares
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER
     
    5,666,200 shares
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  5,666,200 shares
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  10.6%
     
14   TYPE OF REPORTING PERSON
   
  IV
Note: All shares identified above are shares of the Issuer’s class of Special Common Stock, and the percentage in Row 13 above relates to such class of Special Common Stock.

3

 

                     
CUSIP No.
  
879433860 
 13D

 

           
1   NAMES OF REPORTING PERSONS

O. Mason Hawkins
I.D. No. XXX-XX-XXXX
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY
   
   
     
4   SOURCE OF FUNDS
   
  OO: None
     
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Citizen of United States
       
  7   SOLE VOTING POWER
     
NUMBER OF   (Discretionary Accounts)
None
       
SHARES 8   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   None
       
EACH 9   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   None
       
WITH 10   SHARED DISPOSITIVE POWER
     
    None
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  None (See Item 2)
     
12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
   
  0.0%
     
14   TYPE OF REPORTING PERSON
   
  IN
Note: All shares identified above are shares of the Issuer’s class of Special Common Stock, and the percentage in Row 13 above relates to such class of Special Common Stock.

4

 

Item 5. Interest in Securities of the Issuer
Item 5 shall be amended and restated as follows:
     (a) The aggregate number and percentage of Securities to which this Schedule 13D relates is 12,345,485 shares of the Special Common Stock of the Issuer, constituting approximately 23.0% of the 53,623,010 shares outstanding.
                 
    Common     % of outstanding  
         Shares Held     Common Shares  
 
Voting Authority
                
 
                
Sole:
     5,111,048       9.5 %
Shared:
     5,666,200 *     10.6 %
None:
     1,568,237       2.9 %
 
                
Total
     12,345,485       23.0 %
 
*      Shares owned by Longleaf Partners Fund, a series of Longleaf Partners Funds Trust.
 
                
Dispositive Authority
                
 
                
Sole:
     6,679,285       12.4 %
Shared:
     5,666,200 *     10.6 %
None:
     0       0.0 %
 
                
Total
     12,345,485       23.0 %
 
*   Shares owned by Longleaf Partners Fund, a series of Longleaf Partners Funds Trust.
     (b) Southeastern generally has the sole power to dispose of or to direct the disposition of the Securities held for discretionary accounts of its investment clients, and may be granted the sole power to vote or direct the vote of such Securities; such powers may be retained by or shared with the respective clients for shared or non-discretionary accounts, for which Southeastern generally makes recommendations with respect thereto. Shares held by any Series of Longleaf Partners Funds Trust are reported in the “shared” category.
     (c) Transactions in the Securities during the last sixty days are attached as Schedule II.
     (d) The investment advisory clients of Southeastern have the sole right to receive and, subject to notice, to withdraw the proceeds from the sale of the Securities, and the sole power to direct the receipt of dividends from any of the Securities held for their respective accounts. Such clients may also terminate the investment advisory agreements without penalty upon

5

 

appropriate notice. Southeastern does not have an economic interest in any of the Securities reported herein.
     (e) Not applicable.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: July 22, 2009
         
 
  SOUTHEASTERN ASSET MANAGEMENT, INC.    
 
        
 
  By /s/ Andrew R. McCarroll
 
Andrew R. McCarroll 		   
 
  Vice President & General Counsel    
 
        
 
  LONGLEAF PARTNERS FUND    
 
  By Southeastern Asset Management, Inc.    
 
        
 
  By /s/ Andrew R. McCarroll
 
Andrew R. McCarroll 		   
 
  Vice President and General Counsel    
 
        
 
  O. MASON HAWKINS    
 
  (Individually)    
 
        
 
  /s/ O. Mason Hawkins
 
    
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Amendment No. 18 to Schedule 13D with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Amendment No. 18 to Schedule 13D. In evidence thereof, the undersigned hereby execute this Agreement as of July 22, 2009.
         
 
  Southeastern Asset Management, Inc.    
 
 
  By: /s/ Andrew R. McCarroll
 
Andrew R. McCarroll 		   
 
  Vice President and General Counsel    
 
        
 
  Longleaf Partners Fund    
 
  By Southeastern Asset Management, Inc.    

6

 

         
 
  By /s/ Andrew R. McCarroll
 
Andrew R. McCarroll 		   
 
  Vice President and General Counsel    
 
        
 
  O. Mason Hawkins, Individually    
 
        
 
  /s/ O. Mason Hawkins
 
    

7

 

SCHEDULE II
                         
Transaction Type   Date   # of Shares   Price per Share*
Sale
     05/28/09       2,300     $ 28.47  
Sale
     05/29/09       1,733,202     $ 27.86  
Sale
     06/25/09       76,100     $ 26.35  
Sale
     06/26/09       28,802     $ 26.37  
Sale
     06/29/09       78,751     $ 26.52  
Sale
     06/30/09       13,343     $ 26.34  
Sale
     07/01/09       8,404     $ 26.41  
Sale
     07/20/09       407,000     $ 25.82  
Sales in the ordinary course of business on the American Stock Exchange or through Electronic Communication Networks (ECNs). In addition to the above transactions, on June 26, 2009, a client of Southeastern terminating its advisory relationship removed 13,708, shares from Southeastern’s discretion.
 
*   Net of commissions.

8