SEC Form 4 · accession 0001611593-15-000010
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Diego Scotti
Officer — EVP & Chief Marketing Officer
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000732712
Table I — non-derivative securities
No Table I lines on this filing.
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,F1 | — | Dec 31, 2014 | A | 39 | A | — | — | Common Stock | 11 | 238 | I |
| Restricted Stock Units - 2014-2016 Award CycleF3 | — | Dec 31, 2014 | A | 21,377 | A | — | — | Common Stock | 21,377 | 21,377 | D |
Explanation of responses
- F1Each 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.
- F2Includes phantom stock acquired through dividend reinvestment.
- F3Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date following the date the RSU vests, unless deferred into the reporting person's deferred compensation plan account at the election of the reporting person. Subject to the terms of the Restricted Stock Unit Agreement, each RSU will vest on December 31, 2016.