VERIZON COMMUNICATIONS INC — Director's Dealing 2010

Feb 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VERIZON COMMUNICATIONS INC (VZ)
CIK: 0000732712
Period of Report: 2010-02-19

Reporting Person: SEIDENBERG IVAN G (Director, Chairman and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-19	Phantom Stock (unitized)	$	A	21745.565	Acquired		Common Stock (6254)	Indirect

Footnotes

F1: 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.

F2: Includes phantom stock acquired through dividend reinvestment.
*The Company also made a payment with respect to 754,603.079 performance stock units earned for the 2007-09 award cycle in accordance with their terms.