SEC Form 4 · accession 0001611593-17-000088
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig L. Silliman
Officer — EVP of PubPolicy & Gen Counsel
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 11:26 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,F1 | — | Mar 9, 2017 | A | 141 | A | — | — | Common Stock | 40 | 70,588 | 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. Of the total amount acquired, 70.583 shares of phantom stock may be reallocated into other plan investments. 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.