VERIZON COMMUNICATIONS INC — Director's Dealing 2010

Jan 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VERIZON COMMUNICATIONS INC (VZ)
CIK: 0000732712
Period of Report: 2010-01-05

Reporting Person: Ruesterholz Virginia P (President - Verizon Services)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-05	Phantom Stock	$	I	6592	Disposed	2010-01-05	Common Stock (6592)	Indirect

Footnotes

F1: Each share of phantom stock is the economic equivalent 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. The disposition of these shares of phantom stock occurred automatically pursuant to the terms of the deferred compensation plan as a result of a distribution election made by the reporting person in December 2004.

F2: Includes phantom stock acquired through dividend reinvestment.