VERIZON COMMUNICATIONS INC — Director's Dealing 2010

Nov 8, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VERIZON COMMUNICATIONS INC (VZ)
CIK: 0000732712
Period of Report: 2010-11-04

Reporting Person: Gurnani Roger (EVP & Chief Info. Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-04	Restricted Stock Units - 2010-2012 Award Cycle	$	A	1569	Acquired		Common Stock (1569)	Direct

Footnotes

F1: 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.

F2: Includes additional RSUs acquired through reinvestment of dividend equivalents.