SEC Form 4 · accession 0001611593-19-000063
VERIZON COMMUNICATIONS INC · VZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc C Reed
Officer — EVP & Chief Admin. Officer
Period of report
Mar 6, 2019
Accepted (ET)
Mar 8, 2019 · 12:23 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 | Mar 6, 2019 | M | 14,122 | — | A | 142,311 | D | |
| Common Stock | Mar 6, 2019 | F | 7,224 | $55.68 | D | 135,087 | D | |
| Common Stock | holding | — | — | — | 2,931 | I | By the Marc C. Reed Revocable Trust | |
| Common Stock | holding | — | — | — | 6,566 | 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 - 2018-2021 Award CycleF1,F2 | — | Mar 6, 2019 | M | 14,122 | D | — | — | Common Stock | 14,122 | 28,244 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date with respect to the date that the RSU vests.
- F2Subject to the terms of the Restricted Stock Unit Agreement, the RSUs vest in three equal annual installments beginning on March 6, 2019.