SEC Form 4 · accession 0001611593-16-000415
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
Mar 4, 2016
Accepted (ET)
Mar 8, 2016 · 12:01 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units - 2016-2018 Award CycleF1 | — | Mar 4, 2016 | A | 92,647 | A | — | — | Common Stock | 92,647 | 92,647 | D |
Explanation of responses
- F1Each 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, 2018.