Tauke Thomas J. 4
4 · VERIZON COMMUNICATIONS INC · Filed Jun 12, 2012
Insider Transaction Report
Form 4
Tauke Thomas J.
EVP-Pub Aff., Policy and Comm
Transactions
- Exercise/Conversion
Common Stock
2012-06-08$33.64/sh+14,391$484,113→ 52,294 total - Exercise/Conversion
Common Stock
2012-06-08$34.15/sh+30,946$1,056,806→ 37,903 total - Exercise/Conversion
Stock Option Non-Qualified
2012-06-08−30,946→ 0 totalExercise: $34.15From: 2005-02-04Exp: 2014-02-03→ Common Stock (30,946 underlying) - Sale
Common Stock
2012-06-08$42.00/sh−14,391$604,422→ 6,957 total - Exercise/Conversion
Stock Option Non-Qualified
2012-06-08−14,391→ 0 totalExercise: $33.64From: 2005-02-04Exp: 2014-02-03→ Common Stock (14,391 underlying) - Award
Phantom Stock (unitized)
2012-06-08$12.14/sh+71.275$865→ 212,676.998 total(indirect: By Deferred Compensation Plan)→ Common Stock (20 underlying) - Sale
Common Stock
2012-06-08$42.00/sh−30,946$1,299,732→ 21,348 total
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]The option grant vested in three equal installments beginning on this date.
- [F4]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.
- [F5]Includes phantom stock acquired through dividend reinvestment.