X0306 4 2016-04-25 0 0000732712 VERIZON COMMUNICATIONS INC VZ 0001385262 Stratton John G 1095 AVENUE OF THE AMERICAS NEW YORK NY 10036 0 1 0 0 EVP & President of Operations Phantom Stock (unitized) 2016-04-25 4 I 0 34512.492 14.48 D Common Stock 9850 110053.064 I By Deferred Compensation Plan 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 reporting person had the right to transfer the value of these shares into an alternative investment under the deferred compensation plan. The sale of shares set forth herein is made pursuant to Mr. Stratton's sales plan under Rule 10b5-1(c). Includes phantom stock acquired through dividend reinvestment. William L. Horton, Jr., Attorney-in-Fact for John G. Stratton 2016-04-27