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VERIZON COMMUNICATIONS INC — Director's Dealing 2010
Oct 5, 2010
29795_dirs_2010-10-05_5dfaa9c0-4419-4f26-b685-cebcacc5b963.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: VERIZON COMMUNICATIONS INC (VZ)
CIK: 0000732712
Period of Report: 2010-10-01
Reporting Person: Mead Daniel S. (EVP and Pres. & CEO - VZW JV)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8233 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock (unitized) | $ | Common Stock (56892) | Indirect | ||
| Restricted Stock Units - 2008 - 10 Award Cycle | $ | Common Stock (31832) | Direct | ||
| Restricted Stock Units - 2009 - 11 Award Cycle | $ | Common Stock (34939) | Direct | ||
| Restricted Stock Units - 2010 - 12 Award Cycle | $ | Common Stock (39486) | Direct |
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. The number of shares is based upon 198,243.550 units held as of October 1, 2010.
F2: Each Restricted Stock Unit (RSU) represents the right to receive a cash payment equal to the value of one share of common stock, plus accrued dividends, upon vesting. Subject to the terms of the Restricted Stock Unit Agreement, each RSU will vest on December 31, 2010, and the cash payment will be based on the closing stock price on the last trading day in December 2010.
F3: Each Restricted Stock Unit (RSU) represents the right to receive a cash payment equal to the value of one share of common stock, plus accrued dividends, upon vesting. Subject to the terms of the Restricted Stock Unit Agreement, each RSU will vest on December 31, 2011, and the cash payment will be based on the closing stock price on the last trading day in December 2011.
F4: Each Restricted Stock Unit (RSU) represents the right to receive a cash payment equal to the value of one share of common stock, plus accrued dividends, upon vesting. Subject to the terms of the Restricted Stock Unit Agreement, each RSU will vest on December 31, 2012, and the cash payment will be based on the closing stock price on the last trading day in December 2012.