Barish Robert J. 4
4 · VERIZON COMMUNICATIONS INC · Filed Feb 20, 2013
Insider Transaction Report
Form 4
Barish Robert J.
SVP and Controller
Transactions
- Exercise/Conversion
Restricted Stock Units - 2010-12 Award Cycle
2013-02-15−17,831→ 0 totalFrom: 2013-02-15Exp: 2013-02-15→ Common Stock (17,831 underlying) - Award
Phantom Stock (unitized)
2013-02-15$12.70/sh+30.888$392→ 93,122.6 total(indirect: By Deferred Compensation Plan)→ Common Stock (9 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (RSU) represents the right to receive one share of common stock on the payment date, unless deferred at the election of the reporting person. To the extent deferred, each RSU represents the right to have an amount equal to the value of one share of common stock on the payment date credited to the reporting person's deferred compensation plan account and deemed invested in a hypothetical cash-based investment option. The reporting person elected to defer 100% of the RSUs into the deferred compensation plan.
- [F2]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.
- [F3]Includes phantom stock acquired through dividend reinvestment.