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Filing Details

Accession Number:: 0001233402-12-000174
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-06-12 08:41:04
Reporting Period:: 2012-06-08

Filing Date:: 2012-06-12
Accepted Time:: 2012-06-12 08:41:04
SEC Url:: Form 4 Filing

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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-06-08	30,946	$34.15	37,903	No	4	M	Direct
Common Stock	Acquisiton	2012-06-08	14,391	$33.64	52,294	No	4	M	Direct
Common Stock	Disposition	2012-06-08	30,946	$42.00	21,348	No	4	S	Direct
Common Stock	Disposition	2012-06-08	14,391	$42.00	6,957	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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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

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.
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.
The option grant vested in three equal installments beginning on this date.
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.
Includes phantom stock acquired through dividend reinvestment.