SEC Form 4 · accession 0001611593-16-000622
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marni M Walden
Officer — EVP&Pres of Prod Innov&New Bus
Period of report
Dec 12, 2016
Accepted (ET)
Dec 14, 2016 · 9:32 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 | Dec 12, 2016 | M | 66,990 | — | A | 78,785 | D | |
| Common Stock | Dec 12, 2016 | F | 34,735 | $51.76 | D | 44,050 | D | |
| Common Stock | holding | — | — | — | 838 | I | By 401(k) | |
| Common Stock | holding | — | — | — | 14,210 | I | By the Walden Berger Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Chairman's Restricted Stock Units - 2012-16 Award CycleF1 | — | Dec 12, 2016 | M | 66,990 | D | Dec 12, 2016 | Dec 12, 2016 | Common Stock | 66,990 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date.