SEC Form 4 · accession 0001611593-17-000052
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Gurnani
Officer — EVP&Chief Info&Tech Architect
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 10:42 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 Stock | Feb 23, 2017 | S | 447 | $50.292 | D | 63,734 | D | |
| Common Stock | Feb 23, 2017 | S | 400 | $50.293 | D | 63,334 | D | |
| Common Stock | Feb 23, 2017 | S | 9,957 | $50.295 | D | 53,377 | D | |
| Common Stock | holding | — | — | — | 1,535 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock (unitized)F2,F1 | — | Feb 23, 2017 | A | 3,581 | A | — | — | Common Stock | 1,022 | 37,729 | 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.
- F2Includes phantom stock acquired through dividend reinvestment.