Initial Statement of Beneficial Ownership (3)
December 03 2021 - 9:46AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Hammock Samantha |
2. Date of Event Requiring Statement (MM/DD/YYYY)
12/1/2021
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3. Issuer Name and Ticker or Trading Symbol
VERIZON COMMUNICATIONS INC [VZ]
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(Last)
(First)
(Middle)
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 HR Officer / |
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(Street)
NEW YORK, NY 10036
(City)
(State)
(Zip)
| 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
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Table I - Non-Derivative Securities Beneficially Owned
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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) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 | 394 | (1) | I | By Deferred Compensation Plan |
| Special Restricted Stock Units - 2021 Award | (2) | (2) | Common Stock | 12448 | (2) | D | |
| Restricted Stock Units - 2021 Award | (3) | (3) | Common Stock | 6774 | (3) | D | |
| Special Restricted Stock Units - 2021 Award | (4) | (4) | Common Stock | 13211 | (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 1,382.237 units held as of December 1, 2021. |
| (2) | Each Special 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. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on January 4, 2022. |
| (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. Subject to the terms of the RSU Agreement, the RSUs will vest in three equal annual installments beginning on March 1, 2022. |
| (4) | Each Special RSU represents the right to receive an amount payable in cash equal to the economic equivalent of one share of common stock, plus accrued dividends, on the applicable vesting date. Subject to the terms of the RSU Agreement, the RSUs will vest on October 29, 2023. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Hammock Samantha
VERIZON COMMUNICATIONS INC.
1095 AVENUE OF THE AMERICAS
NEW YORK, NY 10036 |
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| EVP & Chief HR Officer |
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Signatures
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| Brandon N. Egren, Attorney-in-fact for Samantha Hammock | | 12/3/2021 |
| **Signature of Reporting Person | Date |
Verizon Communications (NYSE:VZ)
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