SEC Form 4 · accession 0001611593-16-000451
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John G Stratton
Officer — EVP & President of Operations
Period of report
Mar 28, 2016
Accepted (ET)
Mar 30, 2016 · 8:12 am EDT
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,F3,F1 | — | Mar 28, 2016 | I | 32,826 | D | — | — | Common Stock | 9,363 | 144,371 | I |
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. The reporting person had the right to transfer the value of these shares into an alternative investment under the deferred compensation plan.
- F2The sale of shares set forth herein is made pursuant to Mr. Stratton's sales plan under Rule 10b5-1(c).
- F3Includes phantom stock acquired through dividend reinvestment.