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
___ Form filed by More than 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 Malady1/8/2019
** 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