SEC Form 4 · accession 0001611593-16-000385
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig L. Silliman
Officer — EVP of PubPolicy & Gen Counsel
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 4:05 pm 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 26, 2016 | S | 672 | $51.13 | D | 14,558 | D | |
| Common Stock | holding | — | — | — | 3,289 | 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 25, 2016 | A | 6,244 | A | — | — | Common Stock | 1,782 | 58,171 | I |
Explanation of responses
- F1The sale of shares set forth herein is made pursuant to Mr. Silliman's sales plan under Rule 10b5-1(c).
- F2Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. Of the total amount acquired, 3,122.117 shares of phantom stock may be reallocated into other plan investments. 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.