Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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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 (Month/Day/Year)
12/31/2017
(Street)


CHICAGO, IL 60631
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(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             9,689 D  
Common Shares             118 (1) I By 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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) $ 49.05             (2) 04/01/2018 Common Shares
4,838
  4,838
D
 
Option (Right to Buy) $ 29.25             (2) 04/01/2019 Common Shares
4,488
  4,488
D
 
Option (Right to Buy) $ 36.21             (2) 04/01/2020 Common Shares
9,443
  9,443
D
 
Option (Right to Buy) $ 44.59             (2) 04/01/2021 Common Shares
8,132
  8,132
D
 
Option (Right to Buy) $ 34.94             (2) 04/02/2022 Common Shares
7,257
  7,257
D
 
Option (Right to Buy) $ 31.17             (2) 04/01/2023 Common Shares
9,880
  9,880
D
 
Option (Right to Buy) $ 41.22             (2) 04/01/2024 Common Shares
15,675
  15,675
D
 
Option (Right to Buy) $ 36.42             (2) 04/01/2025 Common Shares
28,375
  28,375
D
 
Option (Right to Buy) $ 45.87             (2) 04/01/2026 Common Shares
20,975
  20,975
D
 
Restricted Stock Units               (3) 04/01/2018 Common Shares
7,238
  7,238
D
 
Restricted Stock Units               (3) 04/01/2019 Common Shares
7,489
  7,489
D
 
Restricted Stock Units               (3) 04/03/2020 Common Shares
7,810
  7,810
D
 
Performance Share Units               (4)   (4) Common Shares
3,905
  3,905
D
 

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 02/07/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Voluntary reporting of USM shares in the USM 401K. The information is based on a plan statement dated 12/31/17. The number of shares fluctuates and is attributable to the price of the shares on 12/31/17.
(2) Options are scheduled to become exercisable in annual increments of one third on April 1 of each year
(3) Restricted stock units that become vested on third annual anniversary.
(4) On April 3, 2017, the reporting person was granted an award based on the achievement of certain performance measures, except that such award provides that in no event shall the number of shares subject to the award be less than 50% of the target opportunity as of the grant date. Accordingly, the reporting person is reporting a stock award of 50% of the target opportunity as of the grant date. To the extent that the actual amount is determined to be greater than 50% of the target opportunity based on the final determination of the performance measures, the reporting person will file a Form 4 at such time to report the additional award above 50% of the target opportunity.

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