SEC Form 4 · accession 0001611593-18-000199
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronan Dunne
Officer — EVP and President VZW
Period of report
Sep 19, 2018
Accepted (ET)
Sep 21, 2018 · 9:11 am EDT
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 | Sep 19, 2018 | M | 28,196 | — | A | 32,577 | D | |
| Common Stock | Sep 19, 2018 | F | 13,886 | $53.50 | D | 18,691 | D | |
| Common Stock | Sep 19, 2018 | D | 14,309 | $53.50 | D | 4,382 | D | |
| Common Stock | holding | — | — | — | 47 | 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 - 2016-2018 Award CycleF1,F2 | — | Sep 19, 2018 | M | 28,196 | D | — | — | Common Stock | 28,196 | 28,195 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive an amount payable in cash equal to the economic equivalent of one share of common stock, plus accrued dividends, on the applicable vesting date.
- F2Subject to the terms of the RSU Agreement, the RSUs vest in two equal installments on Septemer 19, 2018 and September 19, 2019, respectively.