Filing Details

Accession Number:
0001233402-12-000174
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-06-12 07:41:04
Reporting Period:
2012-06-08
Filing Date:
2012-06-12
Filing Date Changed:
2012-06-12
Accepted Time:
2012-06-12 08:41:04
Original Submission Date:
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
1289846 J. Thomas Tauke Verizon Communications Inc.
140 West Street, 29Th Floor
New York NY 10007
Evp-Pub Aff., Policy And Comm No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings
Common Stock Acquisiton 2012-06-08 30,946 $34.15 37,903
Common Stock Acquisiton 2012-06-08 14,391 $33.64 52,294
Common Stock Disposition 2012-06-08 30,946 $42.00 21,348
Common Stock Disposition 2012-06-08 14,391 $42.00 6,957
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S 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 2012-06-08 30,946 $0.00 30,946 $34.15
Common Stock Stock Option Non-Qualified Disposition 2012-06-08 14,391 $0.00 14,391 $33.64
Common Stock Phantom Stock (unitized) Acquisiton 2012-06-08 71 $12.14 20 $0.00
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
0 2005-02-04 2014-02-03 No 4 M Direct
212,677 No 4 A Indirect
Footnotes
  1. The option exercise and sale of shares set forth herein is made pursuant to Mr. Tauke's sales plan under Rule 10b5-1(c). 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 5/1/2004, this option grant constituted the right to purchase 57,500 shares of common stock at an exercise price of $36.75.
  2. The option exercise and sale of shares set forth herein is made pursuant to Mr. Tauke's sales plan under Rule 10b5-1(c). 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 6/30/2004, this option grant constituted the right to purchase 26,740 shares of common stock at an exercise price of $36.20.
  3. The option grant vested in three equal installments beginning on this date.
  4. Each share of phantom stock is the economic equivalent of a portion of one share of common stock and is settled in cash. The shares of phantom stock become payable upon events established by the reporting person in accordance with the deferred compensation plan.
  5. Includes phantom stock acquired through dividend reinvestment.
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