SEC Form 4 · accession 0001611593-15-000045
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel S. Mead
Officer — EVP and Pres. & CEO - VZW
Period of report
Feb 12, 2015
Accepted (ET)
Feb 17, 2015 · 10:55 am EST
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 | Feb 12, 2015 | S | 24,898 | $49.70 | D | 0 | D | |
| Common Stock | holding | — | — | — | 11,065 | I | By 401(k) |
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)F3,F2 | — | Feb 12, 2015 | A | 113 | A | — | — | Common Stock | 32 | 286,114 | I |
Explanation of responses
- F1The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices per share ranging from $49.66 to $49.75. The reporting person will provide to Verizon Communications Inc., any security holder of Verizon Communications Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- 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.
- F3Includes phantom stock acquired through dividend reinvestment.