SEC Form 4 · accession 0001611593-16-000550
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc C Reed
Officer — EVP & Chief Admin. Officer
Period of report
Aug 31, 2016
Accepted (ET)
Sep 1, 2016 · 2:00 pm 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,F1 | — | Aug 31, 2016 | I | 95,211 | D | — | — | Common Stock | 27,157 | 58,491 | I |
| Phantom StockF3 | — | Aug 31, 2016 | I | 1,237 | D | — | — | Common Stock | 1,237 | 0 | 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.
- F2Includes phantom stock acquired through dividend reinvestment.
- F3Each share of phantom stock is the economic equivalent 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.