SEC Form 4 · accession 0000899243-16-018616
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Francis Shammo
Officer — EVP and CFO
Period of report
Apr 25, 2016
Accepted (ET)
Apr 27, 2016 · 3:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000732712
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 25, 2016 | I | 4,361 | $50.76 | D | 0 | I | By 401(k) |
| Common Stock | holding | — | — | — | 923 | I | By Spouse | |
| Common Stock | holding | — | — | — | 85,374 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (unitized)F2 | — | Apr 25, 2016 | I | 99,177 | D | — | — | Common Stock | 28,302 | 0 | I |
Explanation of responses
- F1The reporting person had the right to transfer the value of these shares into an alternative investment under the terms of the 401(k) Plan.
- F2Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan. The reporting person had the right to transfer the value of these shares into an alternative investment under the terms of the deferred compensation plan.