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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
732712	Verizon Communications Inc	VZ	Telephone Communications (No Radiotelephone) (4813)	232259884

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1284999	C Marc Reed	Verizon Communications Inc. 140 West Street, 29Th Floor New York NY 10007	Evp & Chief Admin. Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-05-31	81,698	$33.92	84,629	No	4	M	Direct
Common Stock	Disposition	2012-05-31	81,698	$41.75	2,931	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option Non-Qualified	Disposition	2012-05-31	81,698	$0.00	81,698	$33.92

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2005-02-04	2014-02-03	No	4	M	Direct

Footnotes

In connection with (i) the spin-off of Verizon's domestic directories on November 17, 2006, and (ii) the spin-off of Verizon's domestic telephone lines on July 1, 2010, stock-based awards held by current and former Verizon employees, including these options, were adjusted pursuant to antidilution provisions of Verizon's Long-Term Incentive Plan. Prior to these adjustments, as of 4/1/2004, these options constituted the right to purchase 75,900 shares of common stock at an exercise price of $36.50.
The option grant vested in three equal annual installments beginning on this date.