SEC Form 4 · accession 0001611593-17-000040
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew D. Ellis
Officer — EVP and CFO
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 3:40 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 10, 2017 | M | 9,286 | — | A | 22,671 | D | |
| Common Stock | Feb 10, 2017 | F | 4,815 | $48.98 | D | 17,856 | D | |
| Common Stock | holding | — | — | — | 858 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units - 2014-2016 Award CycleF1 | — | Feb 10, 2017 | M | 10,924 | D | Feb 10, 2017 | Feb 10, 2017 | Common Stock | 10,924 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date, unless deferred at the election of the reporting person. To the extent deferred, each RSU represents the right to have an amount equal to the value of one share of common stock on the payment date credited to the reporting person's deferred compensation plan account and deemed invested in a hypothetical cash-based investment option. The reporting person elected to defer 15% of the RSUs into the deferred compensation plan.