SEC Form 4 · accession 0001611593-16-000371
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lowell C McAdam
Officer — Chairman and CEO · Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 17, 2016 · 7:56 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, 2016 | M | 89,191 | — | A | 402,438 | D | |
| Common Stock | Feb 12, 2016 | F | 46,246 | $50.11 | D | 356,192 | D | |
| Common Stock | holding | — | — | — | 2,793 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units - 2013-15 Award CycleF1 | — | Feb 12, 2016 | M | 89,191 | D | Feb 12, 2016 | Feb 12, 2016 | Common Stock | 89,191 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date, unless deferred at the election of the reporting person. To the extent deferred, each RSU represents the right to have an amount equal to the value of one share of common stock on the payment date credited to the reporting person's deferred compensation plan account and deemed invested in a hypothetical cash-based investment option.