FORM 3 |
OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5 | |
1. Name and Address of Reporting Person * Malady Kyle | 2. Date of Event Requiring Statement (MM/DD/YYYY) | 3. Issuer Name and Ticker or Trading Symbol VERIZON COMMUNICATIONS INC [VZ] |
VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS | 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner ___ X ___ Officer (give title below) _____ Other (specify below) EVP & Chief Technology Officer / | |
NEW YORK, NY 10036 | 5. If Amendment, Date Original Filed (MM/DD/YYYY) |
6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person |
1.Title of Security (Instr. 4) |
2. Amount of Securities Beneficially Owned (Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) |
4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 10074 | I | By 401(k) |
1. Title of Derivate Security (Instr. 4) |
2. Date Exercisable and Expiration Date (MM/DD/YYYY) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Phantom Stock (unitized) | (1) | (1) | Common Stock | 16718 | (1) | I | By Deferred Compensation Plan |
Restricted Stock Units - 2016-2018 Award Cycle | (2) | (2) | Common Stock | 6900 | (2) | D | |
Restricted Stock Units - 2017-2020 Award Cycle | (3) | (3) | Common Stock | 6931 | (3) | D | |
Restricted Stock Units - 2018-2021 Award Cycle | (4) | (4) | Common Stock | 12698 | (4) | D |
Explanation of Responses: | |
(1) | 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 58,718.499 units held as of January 1, 2019. |
(2) | Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date the RSU vests, unless deferred into the reporting person's deferred compensation plan account at the election of the reporting person. Subject to the terms of the RSU Agreement, each RSU vested on December 31, 2018 but will not be converted until February 2019. |
(3) | Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date the RSU vests, unless deferred into the reporting person's deferred compensation plan account at the election of the reporting person. Subject to the terms of the RSU Agreement, the RSUs will vest in two equal installments on March 3, 2019 and March 3, 2020, respectively. |
(4) | Each RSU represents the right to receive one share of common stock, plus accrued dividends, on the payment date with respect to the date the RSU vests. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning March 6, 2019. |
Reporting Owners | |||||
Reporting Owner Name / Address | |||||
Director | 10% Owner | Officer | Other | ||
Malady Kyle VERIZON COMMUNICATIONS INC. 1095 AVENUE OF THE AMERICAS NEW YORK, NY 10036 | EVP & Chief Technology Officer |
Signatures | ||
William L. Horton, Jr., Attorney-in-fact for Kyle Malady | 1/8/2019 | |
** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Attachments
- Original document
- Permalink
Disclaimer
Verizon Communications Inc. published this content on 08 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2019 14:38:02 UTC