SEC Form 4 · accession 0001611593-18-000234
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rima Qureshi
Officer — EVP & Chief Strategy Officer
Period of report
Nov 6, 2018
Accepted (ET)
Nov 8, 2018 · 8:30 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 | Nov 6, 2018 | M | 26,799 | — | A | 26,799 | D | |
| Common Stock | Nov 6, 2018 | F | 14,976 | $57.21 | D | 11,824 | D | |
| Common Stock | Nov 6, 2018 | D | 11,824 | $57.21 | D | 0 | D |
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 - 2017 - 2020 Award CycleF1,F2 | — | Nov 6, 2018 | M | 26,799 | D | — | — | Common Stock | 26,799 | 53,600 | 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 three equal annual installments beginning on November 6, 2018.