TIDMVZC

RNS Number : 2992F

Verizon Communications

18 February 2015

Verizon Communications Inc.

February 18, 2015

Notification of Transactions of Directors, Persons Discharging

Managerial Responsibility or Connected Persons

The notification listed below was received under paragraph 3.1.2 of the UK's Disclosure and Transparency Rules.

Verizon Communications Inc. (the "Company") makes the following announcement:

On February 13, 2015 the restricted stock units for the 2012-2014 award cycle ("RSUs") held by each of the persons discharging managerial responsibility (each a "PDMR") listed below were converted into shares of common stock of the Company (the "Shares"), unless previously deferred by the PDMR. Each RSU represents the right to receive one Share on the payment date, unless deferred by the PDMR. To the extent deferred, each RSU represents the right to have an amount equal to the value of one Share on the payment date credited to the PDMR's deferred compensation plan account and deemed invested in a hypothetical cash-based investment option. Set forth below is the number of RSUs deferred, if any, the number of Shares received by each PDMR upon conversion and the number of Shares received by the PDMR after the deduction of Shares for tax withholding purposes). Shares were deferred and/or deducted for tax withholding purposes at a price of USD 49.31 per Share.

 
                                                                                  Shares                  Net Shares 
                                                          RSUs                      Upon                   (After Tax 
                                                         Deferred                Conversion               Withholding) 
                        PDMR                                #                        #                         # 
            Roy H. Chestnutt, Executive 
             Vice 
             President -Strategy, 
             Development 
             and Planning                                       0                    15,052                      7,746 
                                           ----------------------  ------------------------  ------------------------- 
            Roger Gurnani, Executive Vice 
             President and Chief 
             Information 
             Officer                                            0                    28,333                     13,642 
                                           ----------------------  ------------------------  ------------------------- 
            Lowell C. McAdam, Chairman 
             and 
             Chief Executive Officer                            0                   103,297                     49,795 
                                           ----------------------  ------------------------  ------------------------- 
            Daniel S. Mead, Executive 
             Vice 
             President and President and 
             Chief 
             Executive Officer - Verizon 
             Wireless                                       2,975                    46,608                     24,945 
                                           ----------------------  ------------------------  ------------------------- 
            Marc C. Reed, Executive Vice 
             President and Chief 
             Administrative 
             Officer                                            0                    35,416                     17,067 
                                           ----------------------  ------------------------  ------------------------- 
            Francis J. Shammo, Executive 
             Vice President and Chief 
             Financial 
             Officer                                            0                    43,384                     20,901 
                                           ----------------------  ------------------------  ------------------------- 
            Craig L. Silliman, Executive 
             Vice President - Public 
             Policy 
             and General Counsel                           12,148                         0                          0 
                                           ----------------------  ------------------------  ------------------------- 
            Anthony T. Skiadas, Senior 
             Vice 
             President and Controller                           0                     8,634                      5,417 
                                           ----------------------  ------------------------  ------------------------- 
            John G. Stratton, Executive 
             Vice 
             President and President - 
             Global 
             Enterprise and Consumer 
             Wireline                                           0                    41,836                     20,144 
                                           ----------------------  ------------------------  ------------------------- 
            Marni M. Walden, Executive 
             Vice 
             President and President - 
             Product 
             and New Business Innovation                        0                    29,513                     14,210 
                                           ----------------------  ------------------------  -------------------------

William L. Horton, Jr.

Corporate Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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